Ecos de Economía, Vol. 25, No. 52 (2021)
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Ítem Residential Segregation: Empirical Evidence of the Influence of Human Capital in the City of Armenia, Colombia(Universidad EAFIT, 2021) Aristizábal, Juan Manuel; Vásquez, Juan CarlosÍtem Mujeres emprendedoras en América Latina: El nivel educativo y la probabilidad de emprender. El nivel educativo y la probabilidad de emprender(Universidad EAFIT, 2021) Serio, MonserratÍtem Impact of competition and voucher school subsidy law on education quality in Chile(Universidad EAFIT, 2021) Muñoz Mendoza, Jorge Andrés; Veloso Ramos, Carmen Lissette; Sepúlveda Yelpo, Sandra María; Delgado Fuentealba, Carlos Leandro; Fuentes Solís, Rodrigo Alberto; Cornejo Saavedra, Edinson EdgardoÍtem A Study of the Determinants of Large-Scale Financing Decision: The Case of the Pacific Alliance Countries(Universidad EAFIT, 2021) Vergara Garavito, Judith Cecilia; Henao Rodríguez, Sandra Patricia; Mosquera Valencia, Mario AlbertoÍtem Chinese Multinational Enterprises: Effects on World Poverty(Universidad EAFIT, 2021) Neme Castillo, Omar; Chiatchoua, Cesaire; Briseño Perezyera, José IsraelÍtem Pricing Process in Mexico: New Evidence on the Inflation Dynamics(Universidad EAFIT, 2022-03-02) Loría Díaz de Guzmán, Dr. Eduardo Gilberto; Valdez Bonecchi, Lic. Gustavo Javier; Robles Juárez, Lic. Mario; Centro de Modelística y Pronósticos Económicos (CEMPE), Facultad de Economía, Universidad Nacional Autónoma de México (UNAM); Centro de Modelística y Pronósticos Económicos (CEMPE), Facultad de Economía, Universidad Nacional Autónoma de México (UNAM); Centro de Modelística y Pronósticos Económicos (CEMPE), Facultad de Economía, Universidad Nacional Autónoma de México (UNAM)We analyze the inflation dynamics in Mexico during inflation targeting period by a GMM estimate of the Hybrid New Keynesian Phillips Curve in its open and closed economy versions. We update and discuss previous results and expand the capacity of this tool to analyze inflationary dynamics by incorporating the exchange rate on labor costs. We find: a) robust evidence of adaptive and rational expectations; b) incorporating the exchange rate improves the inflation fit; c) this version of the Phillips Curve has strengthened since Great Recession, and e) expectations formation process changes during inflationary episodes according to the origin of shocks