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In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a surprisingly large expansion in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the...
Persistent link: https://www.econbiz.de/10005136472
This paper proposes a theoretical explanation of the empirical finding that private consumption increases in response to an increase in government spending. The explanation requires two ingredients. First, labor demand expands (e.g. prices are sticky). Second, general non-separable preferences...
Persistent link: https://www.econbiz.de/10008459766
We document that an increase in government purchases generates a rise in consumption, the real and the product wage, and a fall in the markup. This evidence is robust across alternative empirical methodologies used to identify innovations in government spending (structural VAR vs. narrative...
Persistent link: https://www.econbiz.de/10005662286
evidence to assess the relative magnitudes of these three effects as they apply to further trade liberalization in Mexico. We … study the determinants of the industry pattern of US imports from Mexico and of value added by Mexico's maquiladora sector … effect of a North American Free Trade Agreement (NAFTA) on pollution in Mexico. …
Persistent link: https://www.econbiz.de/10005791657
We study the effects of a conditional cash transfers program on school enrollment and performance in Mexico. We provide …
Persistent link: https://www.econbiz.de/10005504259
the period of trade policy reforms between 1985 and 1989 when Mexico experiences both an important inflow of foreign …
Persistent link: https://www.econbiz.de/10005114397
Like the rest of the poor periphery, Mexico had to deal with de-industrialization forces between 1750 and 1913, those … such huge dimensions. Yet, from independence to mid-century Mexico did better on this score than did most countries around …, and to those attributable to domestic forces specific to Mexico. It uses a neo-Ricardian model (with non …
Persistent link: https://www.econbiz.de/10005123574
government might be tempted to devalue. In Mexico it would also appear that the costs and benefits of maintaining the regime were …
Persistent link: https://www.econbiz.de/10005123925
This paper analyzes the contribution of the minimum wage to the well documented rise in earnings inequality in Mexico …
Persistent link: https://www.econbiz.de/10008527529
Growth and structural transformation of the manufacturing sector in developing countries are generally considered to be the result of the expansion of the `modern' (large-scale) sector relative to the `traditional' (small-scale) sector. Examining the sources of labour productivity growth in...
Persistent link: https://www.econbiz.de/10005656467