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- Title
INCERTIDUMBRE Y SU IMPACTO EN LA ECONOMÍA MEXICANA.
- Authors
Catalán Alonso, Horacio
- Abstract
This paper investigates the impact of uncertainty on mexican economic. The index of economic policy uncertainty (EPU), created by Baker, Bloom and Davis (2016), is used as a proxy variable of uncertainty. These proxies include: newspaper-based measures of uncertainty for mexico since january 1996 to february 2019. The interaction between economic activity and shocks of uncertainty is estimated through vector autoregression (VAR) and impulse-response function. The analysis shows that a shock of uncertainty the price level and interest rate rises, and reduced investment and employment. These results are consistent with other studies that show that uncertainty tends to reduce the level of Economic activity in the short run.
- Subjects
DAVIS (Calif.); ECONOMIC shock; PRICE levels; ECONOMIC activity; ECONOMIC policy; INTEREST rates
- Publication
Economía Coyuntural, Revista de Temas de Coyuntura y Perspectivas, 2019, Vol 4, Issue 4, p41
- ISSN
2415-0622
- Publication type
Article