TY - JOUR
T1 - Impacto de la política monetaria en el equilibrio del mercado de trabajo
T2 - Países de la alianza del pacífico1
AU - Cardona-Arenas, Carlos David
AU - Sierra-Suárez, Lya Paola
N1 - Publisher Copyright:
© 2020 Catholic University of Colombia. All rights reserved.
PY - 2020/7
Y1 - 2020/7
N2 - This paper analyzes the impact of monetary policy on the Non-Accelerating Inflation Rate of Unemployment (NAIRU), or equilibrium of the labor markets, for the countries that belongs to the Pacific Alliance (Chile, Colombia, Peru and Mexico). The NAIRU movements are estimated for each country. Furthermore, Auto-Regressive Vector Models are used to evaluate the impact of monetary policy on the labor market of each of the PA countries. Results show that monetary policy impacts the NAIRU of Chile, Colombia and Peru. However, monetary policy shocks have not significant impact on the NAIRU of Mexico. Keywords: Labor market, Unemployment, Inflation, Monetary Policy, VAR models.
AB - This paper analyzes the impact of monetary policy on the Non-Accelerating Inflation Rate of Unemployment (NAIRU), or equilibrium of the labor markets, for the countries that belongs to the Pacific Alliance (Chile, Colombia, Peru and Mexico). The NAIRU movements are estimated for each country. Furthermore, Auto-Regressive Vector Models are used to evaluate the impact of monetary policy on the labor market of each of the PA countries. Results show that monetary policy impacts the NAIRU of Chile, Colombia and Peru. However, monetary policy shocks have not significant impact on the NAIRU of Mexico. Keywords: Labor market, Unemployment, Inflation, Monetary Policy, VAR models.
UR - http://www.scopus.com/inward/record.url?scp=85102184221&partnerID=8YFLogxK
U2 - 10.14718/REVFINANZPOLITECON.V12.N2.2020.3213
DO - 10.14718/REVFINANZPOLITECON.V12.N2.2020.3213
M3 - Artículo
AN - SCOPUS:85102184221
SN - 2248-6046
VL - 12
SP - 491
EP - 521
JO - Revista Finanzas y Politica Economica
JF - Revista Finanzas y Politica Economica
IS - 2
ER -
