Analysis of the interactions of energy and economic policy issues in Mexico. Using linear approximations, the model embodies non-linear substitution possibilities between alternative technologies, foreign borrowing in successive time periods, the rate of oil extraction and consumption and trade...

Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls....