Labor Market Indicator for Colombia
نویسندگان
چکیده
Although the unemployment rate is traditionally used to diagnose current state of labor market, this indicator does not reflect existence asymmetries, mobility costs, and rigidities which impede freely flow over business cycle. Thus, get a better portrait momentum, we construct Labor Market Indicator (LMI) focusing on cyclical similarities eighteen time series from Colombian household, industrial, opinion surveys between 2001 2019. Our summarizes growth cycle market its evolution closely related output GAP. This useful for policy analysis as it forecast headline inflation, also complements diagnosis momentum general economic activity, characterization phases turning points.
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ژورنال
عنوان ژورنال: Latin American Economic Review
سال: 2021
ISSN: ['2196-436X', '2198-3526']
DOI: https://doi.org/10.47872/laer-2021-30-4