SUPPLY SIDE ANALYSIS:

  II- SUPPLY SIDE ANALYSIS: a- Describe the evolution of labor demand (cost of production, wages … and labor supply variables (demographics) and productivity. Explain if the evolution of the variables has changed along the period (at least 10 years of data). What are the main constrains? Look at informality, investment in infrastructure, education … maybe some competitiveness qualitative variables. Find interesting and provocative data! b- Try to estimate the potential GDP growth for the using Okun´s law. c- Does the Phillips curve hold? What can you infer from it? d- Do Monetary and fiscal policy agree with the changes evolution of the supply side variables (business cycle). e- What other policies were enacted to support growth from the supply side? f- What do you expect to happen to the economy from the supply side in 2018?