This paper deals with the fiscal implications of a stabilization fund that allows for a stable consumption over time, in particular in the case of an oil producing and exporting country like México. We discuss the functioning of an oil stabilization fund based on international experience and...

This paper proposes some changes to the official methodology that is currently in use to measure the state of poverty in Mexico. Among other suggestions, it is recommended the use of bootstrapping to estimate confidence intervals for the poverty statistics, as well as the use of dominance...

A recount of the relations between the World Bank and Mexico not only makes for a fascinating lecture, but it also exemplifies the way in which a development bank should and should not behave if it wants to become a trustworthy partner.

This note warns about the careless computation of poverty indexes when the welfare of each household is measured by its net income, since this can be negative. As is illustrated in the case of Mexico, even if only a handful of households report negative incomes, the resulting poverty aggregates,...

This paper proposes a new real exchange rate index for the Mexican economy. Unlike the methodology currently being employed by the Bank of Mexico, the new index reflects the changing patterns of trade between the country and the rest of the world. The index is calculated on a quarterly basis...

La literatura especializada reconoce la existencia de sesgos potenciales en el índice de precios al consumidor. Utilizando índices de precios hedónicos generados por el Bureau of Labor Statistics, el ajuste al precio de los automóviles propuesto por Izquierdo, Licandro y Maydeu (2001), y los...