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...

This paper examines the sustainability of the Mexican current account deficit prior to the December 1994 crisis. It tests whether or not the Mexican economy was satisfying its intertemporal budget constraint, and finds that signals of possible trouble without a change in policies were present...

Entre los resultados obtenidos por el análisis descriptivo presentado aquí destacan los siguientes hechos: 1) la participación de los ingresos por trabajo de los hogares oscila de manera similar a los ciclos de la economía; 2) las transferencias representaron más de un quinto de los ingresos...

Este trabajo documenta que la situación de pobreza a nivel estatal en México está parcialmente determinada por variables macroeconómicas: el crecimiento económico, la desigualdad del ingreso (al menos en el sector urbano), los salarios mínimos reales y las remesas recibidas por los hogares...

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 paper shows that the individual welfare losses due to the exercise of market power in the service sectors are greater in relative terms for the consumers with higher incomes. However, after adding to those results the ones obtained for the case of consumer goods sold in non-competitive...

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...

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...

This paper evaluates the indirect tax reforms that took place in Mexico in 1995 and 1998, focusing on their impact on welfare at the household and social levels. The empirical analysis is based on the estimation of an Almost Ideal Demand system, using its correct nonlinear version and by means...

This work surveys possible tributary schemes that might complement or substitute part of the fiscal structure that currently exists in Mexico. Some of the schemes are audacious, as it is the case of the progressive consumption tax, and other reasonable and plausible ones, as it is the case of...