The impact of the output gap on the unemployment rate: evidence from Mexico, 1987q1-2018q4

Using quarterly data for Mexico from 1987Q1 to 2018Q4, we measure the impact of output gap on the unemployment rate based on a State-Space model with time-varying coefficients. From an econometric modeling point of view, this model allows asymmetrical interactions between the output gap and unemploy...

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Autores:

Garcìa-Ramos, Manuel

Tipo de recurso:

Fecha de publicación:

2019

Institución:

Universidad EAFIT

Repositorio:

Repositorio EAFIT

Idioma:

eng

OAI Identifier:

oai:repository.eafit.edu.co:10784/15346

Acceso en línea:

http://hdl.handle.net/10784/15346

Palabra clave:

C32
C52
E24
E32
O47
Unemployment
Hysteresis
Output gap
Potential output
State-space model
Timevarying coefficients model
Okun’s law
Desempleo
Histéresis
Brecha del producto
Producto potencial
Modelo estado-espacio
Ley de Okun

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Copyright (c) 2018 Manuel I. Jiménez, Philip Abbott, Kenneth Foster