SACRIFICE RATE AND LABOUR PRECARIOUSNESS IN MEXICO, 2005Q1-2019Q4
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| Format: | Artículo científico |
| Langue: | en |
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Universidad Nacional de Colombia
2022
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| _version_ | 1876444812984451072 |
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| author | Eduardo Loria |
| author_facet | Eduardo Loria |
| contents | SACRIFICE RATE AND LABOUR PRECARIOUSNESS IN MEXICO, 2005Q1-2019Q4 Eduardo Loria Raúl Tirado Economía y Finanzas ardl unemployment disinflation cointegration sacrifice rate Since 2005 the Mexican economy has registered four disinflationary episodes. We estimate six Phillips curves (OLS and ARDL), to evaluate the sacrifice rate in the GDP, in the unemployment rate, and in the Rate of Critical Labour Conditions (RCLC). Our contribution is that, by including labour precariousness in the New Keynesian Phillips Curve, augmented with the RCLC, inflation is more accurately modelled. We determine that labour precariousness has been the main disinflationary adjustment variable and we found that there are cointegrating relationships indicating that a one-point reduction in inflation increases the RCLC by 3.65 points in the long run. 2022 artículo científico 0121-4772 https://www.redalyc.org/articulo.oa?id=282176350002 https://www.redalyc.org/journal/2821/282176350002/ https://www.redalyc.org/journal/2821/282176350002/html/ https://www.redalyc.org/journal/2821/282176350002/282176350002.epub https://www.redalyc.org/journal/2821/282176350002/movil 10.15446/cuad.econ.v41n87.92783 en http://www.redalyc.org/revista.oa?id=2821 Cuadernos de Economía application/pdf Universidad Nacional de Colombia Cuadernos de Economía (Colombia) Num.87 Vol.XLI |
| format | Artículo científico |
| id | redalyc_282176350002 |
| institution | Redalyc |
| language | en |
| publishDate | 2022 |
| publisher | Universidad Nacional de Colombia |
| spellingShingle | SACRIFICE RATE AND LABOUR PRECARIOUSNESS IN MEXICO, 2005Q1-2019Q4 Eduardo Loria Economía y Finanzas ardl unemployment disinflation cointegration sacrifice rate SACRIFICE RATE AND LABOUR PRECARIOUSNESS IN MEXICO, 2005Q1-2019Q4 Eduardo Loria Raúl Tirado Economía y Finanzas ardl unemployment disinflation cointegration sacrifice rate Since 2005 the Mexican economy has registered four disinflationary episodes. We estimate six Phillips curves (OLS and ARDL), to evaluate the sacrifice rate in the GDP, in the unemployment rate, and in the Rate of Critical Labour Conditions (RCLC). Our contribution is that, by including labour precariousness in the New Keynesian Phillips Curve, augmented with the RCLC, inflation is more accurately modelled. We determine that labour precariousness has been the main disinflationary adjustment variable and we found that there are cointegrating relationships indicating that a one-point reduction in inflation increases the RCLC by 3.65 points in the long run. 2022 artículo científico 0121-4772 https://www.redalyc.org/articulo.oa?id=282176350002 https://www.redalyc.org/journal/2821/282176350002/ https://www.redalyc.org/journal/2821/282176350002/html/ https://www.redalyc.org/journal/2821/282176350002/282176350002.epub https://www.redalyc.org/journal/2821/282176350002/movil 10.15446/cuad.econ.v41n87.92783 en http://www.redalyc.org/revista.oa?id=2821 Cuadernos de Economía application/pdf Universidad Nacional de Colombia Cuadernos de Economía (Colombia) Num.87 Vol.XLI |
| title | SACRIFICE RATE AND LABOUR PRECARIOUSNESS IN MEXICO, 2005Q1-2019Q4 |
| topic | Economía y Finanzas ardl unemployment disinflation cointegration sacrifice rate |
| url | https://www.redalyc.org/articulo.oa?id=282176350002 https://www.redalyc.org/journal/2821/282176350002/ https://www.redalyc.org/journal/2821/282176350002/html/ https://www.redalyc.org/journal/2821/282176350002/282176350002.epub https://www.redalyc.org/journal/2821/282176350002/movil |