In this article the scope and limitations of inflation reduction strategies based on nominal exchange rate policies are modelled theoretically. These strategies are derived from the solution of several types of dynamical games between the government and the private sector of the economy.

The objetive of this short paper is to derive the optimal rate of depletion of a non-renewable natural resource by a monopolist under uncentainty conditions on the evolution of the reserve stock of that natural resource.

This paper derives and evaluates the observable implications of the new view of the current account of the balance of payments in Mexico, during the period 1950-1991. According to this view, the current account is a result of the optimal decisions towards saving and investing from economic...

The objectives of this paper are: To derive the restrictions that the "sustainability" of the public debt -defined as the expectation of an intertemporal balanced public budget- impose on the observed behavior of the time series of the public debt and deficit, and to contrast these restrictions...

This comment shows that the Mexican intertemporal budget balance was maintained for the period 1981 to 1988. This result contrasts with the one obtained by Feliz and Torres (1991).