English Abstract: Behavioral Sciences are relevant to the Law because they have enhanced the comprehension and prediction of human reaction to norms and other interventions. However, they have not yet built a complete model of behavior apt to substitute the one assumed in mainstream economic...

Today that Banco de México has adopted an inflation targeting scheme, it has become more relevant to know the effect that moderate inflation has on economic growth in order to design monetary policy. The purpose of this paper is to estimate that effect following a non-lineal approach similar to...

The purpose of this paper is to review the phenomenon has been called Dutch disease in the light of Austrian business cycle theory. To this end we will see the history of Austrian business cycle theory from its roots in Wicksell ([1898] 2000) to the extension of the theory in open economies with...

This paper examines the long run dynamics of Mexico’s money demand using Johansen’s cointegration approach with different specifications. The empirical evidence indicates that real balances, real income and the interest rate are cointegrated in all subperiods. The findings suggest that...

The paper is based on the multiple purpose household survey to estimate a variable of average population income that expands, to local terms (at state level), the descriptive analysis of the financial deepening between 1980-2006. The Credit / GDP ratio was used on the assumption that the...

Annotated remarks made at the 50th Anniversary Conference “Fortalecimiento institucional de los bancos centrales y efectividad de la política monetaria”, of the Central Bank of Nicaragua, February 2010. The paper lays out the importance of institutional strenthening (governance) as an...

This paper analyzes the costs and benefits for an emerging economy to formally adopt dollarization. The magnitude of the costs and benefits involved in this process will not be the same for all countries and depend on the particular characteristics of each economy as well as its relationship...

The presence of seasonal fluctuations (regular behavior along the year related to weather or institutional factors) invalidates monthly (quarterly) comparisons. In turn, since inter-annual variations depend on the comparison basis being used, they could provide very little information to the...

With the aim of quantifying the effect of the decrease in interest rates on consumer loans (both credit cards and personal loans, in local currency to the non-financial private sector) in Argentina between March and December 2020, monthly error correction models are estimated, and counterfactual...