Vector autoregressive models are often used in Macroeconomics to draw conclusions about the effects of policy innovations. However, those results depend on the researcher’s priors about the particular ordering of the variables. As an alternative, this paper presents a simple rule based on the...

This work identifies the agreements and disagreements that exist among Mexican economists with respect to key economic issues, on the basis of a survey applied to three hundred sixty of them. Among the proposals that provoked greater consensus are: a fair income distribution, the effective...

Our aim is to quantify the GDP measurement bias derive from quality improvements in information technology sector. Using hedonic price indexes for IT goods, our results show that between 2000 and 2004 economic growth rate was approximately 2.18% on average per year –and not 1.60% as is...

La experiencia mexicana es prueba irrefutable de que la apertura comercial no es suficiente para superar los problemas de una economía. Hay tareas igualmente importantes que deben ser acometidas al mismo tiempo. Estas pasan por la apertura al sector privado de actividades reservadas al Estado....

El trabajo muestra claramente los importantes rezagos de las telecomunicaciones en México a nivel mundial. Este rezago resta competitividad al país en los mercados internacionales y constituye un freno importante al desarrollo general de la economía mexicana. Ese fenómeno es preocupante, por...

El propósito del capítulo es entender la naturaleza de la pobreza urbana en México. Un mejor entendimiento de la pobreza urbana permitirá analizar y discutir las implicaciones metodológicas de las diferencias entre los indicadores de la pobreza urbana y la rural.

This document analyzes the effects of recent oil shocks on the economies of Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua. The general results are as follows. First, oil demand responded elastically to economic activity, and was almost perfectly inelastic to its...