Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo

Detalhes bibliográficos
Autor(a) principal: GALINDO,LUIS MIGUEL
Data de Publicação: 2000
Outros Autores: GUERRERO,CARLOS
Tipo de documento: Artigo
Idioma: spa
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572000000400446
Resumo: ABSTRACT The objective of this essay is to analyze the effects of the minimal nominal wage, a monetary aggregate and the exchange rate on the price level using the Johansen procedure for co-integration. The empirical evidence indicates the existence of a long-term relationship among these variables and the price level that can be interpreted as a price equation. The econometric model allows establishing the specific weights of each of these variables on the price level. Furthermore, the empirical evidence rejects the weak exogeneity hypothesis that confirms the existence of a feedback between these variables. This information was used to build an econometric model in order to simulate and forecast the dynamic of prices in Mexico with satisfactory statistical properties and structural stability.
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spelling Los Determinantes del Nível de Precios en México: Un Enfoque HeterodoxoInflationminimum wageexchange rate regimeABSTRACT The objective of this essay is to analyze the effects of the minimal nominal wage, a monetary aggregate and the exchange rate on the price level using the Johansen procedure for co-integration. The empirical evidence indicates the existence of a long-term relationship among these variables and the price level that can be interpreted as a price equation. The econometric model allows establishing the specific weights of each of these variables on the price level. Furthermore, the empirical evidence rejects the weak exogeneity hypothesis that confirms the existence of a feedback between these variables. This information was used to build an econometric model in order to simulate and forecast the dynamic of prices in Mexico with satisfactory statistical properties and structural stability.Centro de Economia Política2000-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572000000400446Brazilian Journal of Political Economy v.20 n.4 2000reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572000-1335info:eu-repo/semantics/openAccessGALINDO,LUIS MIGUELGUERRERO,CARLOSspa2022-02-11T00:00:00Zoai:scielo:S0101-31572000000400446Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2022-02-11T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo
title Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo
spellingShingle Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo
GALINDO,LUIS MIGUEL
Inflation
minimum wage
exchange rate regime
title_short Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo
title_full Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo
title_fullStr Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo
title_full_unstemmed Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo
title_sort Los Determinantes del Nível de Precios en México: Un Enfoque Heterodoxo
author GALINDO,LUIS MIGUEL
author_facet GALINDO,LUIS MIGUEL
GUERRERO,CARLOS
author_role author
author2 GUERRERO,CARLOS
author2_role author
dc.contributor.author.fl_str_mv GALINDO,LUIS MIGUEL
GUERRERO,CARLOS
dc.subject.por.fl_str_mv Inflation
minimum wage
exchange rate regime
topic Inflation
minimum wage
exchange rate regime
description ABSTRACT The objective of this essay is to analyze the effects of the minimal nominal wage, a monetary aggregate and the exchange rate on the price level using the Johansen procedure for co-integration. The empirical evidence indicates the existence of a long-term relationship among these variables and the price level that can be interpreted as a price equation. The econometric model allows establishing the specific weights of each of these variables on the price level. Furthermore, the empirical evidence rejects the weak exogeneity hypothesis that confirms the existence of a feedback between these variables. This information was used to build an econometric model in order to simulate and forecast the dynamic of prices in Mexico with satisfactory statistical properties and structural stability.
publishDate 2000
dc.date.none.fl_str_mv 2000-12-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572000000400446
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572000000400446
dc.language.iso.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv 10.1590/0101-31572000-1335
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.20 n.4 2000
reponame:Revista de Economia Política
instname:EDITORA 34
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instname_str EDITORA 34
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institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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