Tasa de interés, demanda, PIB, inflación y expectativas en una economía neokeynesiana para México

Christopher Cernichiaro Reyna

doi:10.24275/uam/azc/dcsh/ae/2023v38n99/Cernichiaro

Autores/as

Christopher Cernichiaro Reyna Universidad Autónoma Metropolitana-Iztapalapa

DOI:

https://doi.org/10.24275/uam/azc/dcsh/ae/2023v38n99/Cernichiaro

Palabras clave:

Nuevo Modelo Keynesiano, expectativas estáticas, rigideces nominales, Modelo Autorregresivo Vectorial Estructural (SVAR)

Resumen

Using Mexican data from January 2002 to August 2017, this paper estimates a SVAR recursively identified through a model that satisfies New Keynesian core assumptions. Two key contributions are 1) evince that expected inflation is formed according to static expectations hypothesis; 2) suggest nominal rigidities presence, which reinforces the reasons to assess the Mexican economy through the New Keynesian Model; moreover, impulse response functions indicate: expected inflation influencing observed inflation; interest rate endogenously reacting to output and inflation, as to expected inflation decreases; higher interest rate entailing lower inflation and output.
JEL Classification: E13; C32; C50; O11.

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Biografía del autor/a

Christopher Cernichiaro Reyna, Universidad Autónoma Metropolitana-Iztapalapa

Tecnológico de Monterrey, campus Monterrey. Universidad Autónoma Metropolitana-Iztapalapa

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Websites

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