In 1997, the Comisión Reguladora de Energía of Mexico implemented a netback rule for linking the Mexican natural gas price to the Texas price. At the time, the Texas price reflected a reasonably competitive market. Since that time, there have been dramatic increases in the demand for natural...

In this document we make a first assessment of the impact of the counter cyclical fiscal measures adopted by Mexico had over the economy during the recent crisis. This is a highly controversial subject, both theoretically and empirically, due to the debate about the multipliers’ relevance....

The paper presents a comprehensive analysis and interpretation of redistributive spending in Mexico. It reviews the evolution over the last two decades of the principal redistributive instruments and the distributive outcomes targeted by these instruments (income, land, education, health,...

This study presents a preliminary evaluation of the impact of the Seguro Popular (SP) on state and households health financing inequalities. There exist in Mexico extreme inequalities in health financing, which are explained by the high proportion of out-of-pocket spending in total health...

In this paper, we analyze de market for electricity generation in Mexico through the merit order model. Using data for capacity, load factors, and expected demand for 2004; we carry out a simulation to find the lowest generation cost for the Mexican Electricity System. We find that steam plants...

The paper explores the influences of financial development on economic growth and its volatility. First, it discusses the theoretical literature that attempts to explain these relationships. Then, it presents time series evidence for the cases of Mexico and the US. We use GARCH models, which...

This paper evaluates to what extent the end-of-sample problem inherent to the Hodrick-Prescott (HP) filter may be ameliorated when estimating the trend component of GDP. For that purpose, the filter of St-Amant and van Norden (1997) is proposed using Mexican data and both univariate and...

We analyze the consequences of a teenage pregnancy event in the short- and long-run in Mexico. Using longitudinal and cross-section data, we match females who got pregnant and those that did not based on a propensity score. Several balancing tests and specifications indicate that the main...

Based on growing theoretical literature, we present evidence from Mexico regarding the weak effectiveness of federal transfers and low absorption capacity of states and municipalities in poor countries in the presence of corruption and opportunistic behavior. We show that the distribution of...

This study shows that financing municipalities in Mexico is a segmented market. On the one hand, metropolitan and large municipalities have access to funds through the traditional, though efficient, channels such as commercial banking loans or the money-bond-market. In this sense these...