Analysis of the hysteresis of unemployment in Mexico in the face ofmacroeconomic shocks

José Carlos Trejo García; Estefanía Carolina Rivera Hernández; Humberto Ríos Bolívar

doi:10.1016/j.cya.2017.06.005

Analysis of the hysteresis of unemployment in Mexico in the face ofmacroeconomic shocks

Translated title of the contribution: Analysis of the hysteresis of unemployment in Mexico in the face ofmacroeconomic shocks

José Carlos Trejo García, Estefanía Carolina Rivera Hernández, Humberto Ríos Bolívar

Escuela Superior de Economía (ESE)

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

This research presents the behavior of the Mexican unemployment rate and shows the dependence with own history and macro variables. The concept of hysteresis or persistence tries to separate this inertia in the unemployment rate and some macroeconomic and endogenous factors. The results show a high inertia in the Mexican labor market, justified by the monetary levels and the dependence of the investment levels, considering the shocks of exports that affect the unemployment in the long term.

Translated title of the contribution	Analysis of the hysteresis of unemployment in Mexico in the face ofmacroeconomic shocks
Original language	English
Pages (from-to)	1228-1248
Number of pages	21
Journal	Contaduria y Administracion
Volume	62
Issue number	4
DOIs	https://doi.org/10.1016/j.cya.2017.06.005
State	Published - Oct 2017

Keywords

Econometric methods
Hysteresis
Labor market
Monetary policy
Unemployment rate

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10.1016/j.cya.2017.06.005

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abstract = "This research presents the behavior of the Mexican unemployment rate and shows the dependence with own history and macro variables. The concept of hysteresis or persistence tries to separate this inertia in the unemployment rate and some macroeconomic and endogenous factors. The results show a high inertia in the Mexican labor market, justified by the monetary levels and the dependence of the investment levels, considering the shocks of exports that affect the unemployment in the long term.",

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AU - Rivera Hernández, Estefanía Carolina

AU - Ríos Bolívar, Humberto

PY - 2017/10

Y1 - 2017/10

N2 - This research presents the behavior of the Mexican unemployment rate and shows the dependence with own history and macro variables. The concept of hysteresis or persistence tries to separate this inertia in the unemployment rate and some macroeconomic and endogenous factors. The results show a high inertia in the Mexican labor market, justified by the monetary levels and the dependence of the investment levels, considering the shocks of exports that affect the unemployment in the long term.

AB - This research presents the behavior of the Mexican unemployment rate and shows the dependence with own history and macro variables. The concept of hysteresis or persistence tries to separate this inertia in the unemployment rate and some macroeconomic and endogenous factors. The results show a high inertia in the Mexican labor market, justified by the monetary levels and the dependence of the investment levels, considering the shocks of exports that affect the unemployment in the long term.

KW - Econometric methods

KW - Hysteresis

KW - Labor market

KW - Monetary policy

KW - Unemployment rate

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JO - Contaduria y Administracion

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Analysis of the hysteresis of unemployment in Mexico in the face ofmacroeconomic shocks

Abstract

Keywords

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