Wages and inflation in Mexican manufacturing. A two-period comparison: 1994-2003 and 2007-2016

Carbajal-De-Nova, Carolina

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dc.creator	Carbajal-De-Nova, Carolina
dc.date	2021
dc.date.accessioned	2023-03-16T20:28:25Z
dc.date.available	2023-03-16T20:28:25Z
dc.identifier	0185-3937
dc.identifier	https://www.redalyc.org/articulo.oa?id=41370425003
dc.identifier.uri	https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/196816
dc.description	"The effect of wages on price inflation has been a foremost subject in economics. This paper evaluates the effect in Mexican manufacturing for two sets of periods. The first one, from 1994 to 2003, covers an initial period of the North American Free Trade Agreement (NAFTA). The second period encompass from 2007 to 2016, comprising the Great Recession. For both periods, data is available on a monthly frequency. A first equation deals with wages and bilateral nominal exchange rate impacts on the producer price inflation. A second equation measures the effect of this last variable, besides a bilateral nominal exchange rate and the wage effect on consumer price inflation. These equations follow Pujol and Griffiths (1997), using an error correction model and Granger causality tests. The results for the mentioned periods expose those wages have an almost null effect in both the inflation of producer and consumer prices."
dc.format	application/pdf
dc.language	en
dc.publisher	Universidad Autónoma Metropolitana
dc.relation	http://www.redalyc.org/revista.oa?id=413
dc.rights	Análisis Económico
dc.source	Análisis Económico (México) Num.93 Vol.XXXVI
dc.subject	Economía y Finanzas
dc.subject	J3
dc.subject	J00
dc.subject	Wages
dc.subject	consumer price inflation
dc.subject	producer price inflation
dc.title	Wages and inflation in Mexican manufacturing. A two-period comparison: 1994-2003 and 2007-2016
dc.type	artículo científico