{"title":"墨西哥的牺牲率和劳动不稳定性,2005Q1-2019Q4","authors":"Eduardo Loría, Rául Cossio","doi":"10.15446/cuad.econ.v41n87.92783","DOIUrl":null,"url":null,"abstract":"Since 1998, the Mexican economy has clearly presented six disinflationary episodes. We estimate seven Phillips curves, to evaluate the social cost in terms of the sacrifice rate in GDP, unemployment rate and in the Rate of Critical Labor Conditions (RCLC). Our results suggest that, by including labor precariousness in the New Keynesian Phillips Curve, measured with RCLC, inflation behavior is more accurately modeled. We found that there are important cointegration relationships that reflect that for 2005Q1-2019Q4 labor precariousness has been the main disinflationary adjustment variable, since 1 point reduction in inflation corresponds to an increase of 3.65 points in RCLC.","PeriodicalId":42391,"journal":{"name":"Cuadernos de Economia-Spain","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Sacrifice rate and labor precariousness in Mexico, 2005Q1-2019Q4\",\"authors\":\"Eduardo Loría, Rául Cossio\",\"doi\":\"10.15446/cuad.econ.v41n87.92783\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Since 1998, the Mexican economy has clearly presented six disinflationary episodes. We estimate seven Phillips curves, to evaluate the social cost in terms of the sacrifice rate in GDP, unemployment rate and in the Rate of Critical Labor Conditions (RCLC). Our results suggest that, by including labor precariousness in the New Keynesian Phillips Curve, measured with RCLC, inflation behavior is more accurately modeled. We found that there are important cointegration relationships that reflect that for 2005Q1-2019Q4 labor precariousness has been the main disinflationary adjustment variable, since 1 point reduction in inflation corresponds to an increase of 3.65 points in RCLC.\",\"PeriodicalId\":42391,\"journal\":{\"name\":\"Cuadernos de Economia-Spain\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2022-12-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Cuadernos de Economia-Spain\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.15446/cuad.econ.v41n87.92783\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"0\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Cuadernos de Economia-Spain","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.15446/cuad.econ.v41n87.92783","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"ECONOMICS","Score":null,"Total":0}
Sacrifice rate and labor precariousness in Mexico, 2005Q1-2019Q4
Since 1998, the Mexican economy has clearly presented six disinflationary episodes. We estimate seven Phillips curves, to evaluate the social cost in terms of the sacrifice rate in GDP, unemployment rate and in the Rate of Critical Labor Conditions (RCLC). Our results suggest that, by including labor precariousness in the New Keynesian Phillips Curve, measured with RCLC, inflation behavior is more accurately modeled. We found that there are important cointegration relationships that reflect that for 2005Q1-2019Q4 labor precariousness has been the main disinflationary adjustment variable, since 1 point reduction in inflation corresponds to an increase of 3.65 points in RCLC.
期刊介绍:
Cuadernos de Economía - Spanish Journal of Economics and Finance es una publicación cuatrimestral abierta a la publicación de artículos científicos y de referencia relativos a un gran número de materias relacionadas con el análisis económico, tanto desde una perspectiva teórica como aplicada. Cuadernos de Economía está editada por los departamentos de Teoría Económica de la Universidad Autónoma de Madrid y de la Universidad de Barcelona, y forma parte desde 2011 del grupo de revistas editadas por ELSEVIER. Cuadernos de Economía es una de las revistas españolas más citada en el ámbito de la Economía. Cuadernos de Economía acepta artículos en español y en inglés.