This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the cpi. The...

En este documento se cuantifica la magnitud del traspaso del tipo de cambio a los precios al consumidor en México. Adicionalmente, se analiza si la dinámica de dicho traspaso se ha modificado en los últimos años. Lo anterior se realiza mediante una metodología que genera resultados...

In a typical developing country, coverage of the contributory social security system is low. We analyze the aggregate effects of a revenue-neutral fiscal-cum-social policy reform that consists of: 1) the implementation of universal social insurance to replace the system with low coverage; and 2)...

Current data provide macroeconomic information for a large number of countries and for a long period of time (macro panels). This causes that in these panels slope heterogeneity and cross-section dependence (CSD) are a rule rather than the exception, leading to fixed effects slope estimators to...

I review a contemporary branch of the informal sector literature that focus on understanding the way firm behavior is affected by the presence of informality and how such distortions have an impact on aggregate variables. The authors in this group all make use of dynamic general equilibrium...

We present evidence on the impact on students' math and reading scores of one of the largest deployments of an OLPC program and the only one implemented at a national scale: Plan Ceibal in Uruguay. We have unique data that allow us to know the exact date of laptop delivery for every student in...

For over five decades, diffusion indexes have been widely used by statistical and economic agencies as an instrument to summarize the dynamics of a group of disaggregated time-series economic data. In this note we revise the methods for constructing diffusion indexes, propose a novel generalized...

We construct a panel data at the state level in Mexico for the years 2006, 2008 and 2011 in order to investigate the impact that entry deregulation efforts have on the cost of opening new businesses in Mexico, where this cost is taken from the Doing Business in Mexico report of the World Bank....