Loría, Eduardo; Manuel G. Ramos. - In: Estudios Económicos 22 (2007) 1, pp. 19-55
We estimated the dynamic relationship between the unemployment rate and output for the Mexican Economy for annual data (1970-2004). We estimated three structural time series models by using the Kalman filter. We found a coefficient in the range 2.08-2.5. In order to avoid spuriousness, we proved...