We study the impact of large exchange rate devaluations on the cost of living at different points on the income distribution. Poor households spend relatively more on tradeable product categories, and consume lower-priced varieties within categories. Changes in the relative price of tradeables...

We study the differential impact of large exchange rate devaluations on the cost of living at different points on the income distribution. Across product categories, the poor have relatively high expenditure shares in tradeable products. Within tradeable product categories, the poor consume...

We study the impact of large exchange rate devaluations on the cost of living at different points on the income distribution. Poor households spend relatively more on tradeable product categories, and consume lower-priced varieties within categories. Changes in the relative price of tradeables...

Este documento estudia un programa de credito preferencial de un banco de desarrollo en Mexico. El programa otorga credito a tasas de interes relativamente bajas. Sin embargo, al evaluar el costo total de un credito es necesario ir mas alla de su costo financiero y considerar tambien el costo de...