Can the provision of public goods strengthen the fiscal capacity of governments in developing countries and move them toward an equilibrium of widespread tax compliance? We present evidence of the impact of local public infrastructure on tax compliance, leveraging a large public investment...

In recent years the Mexican pension system has changed significantly. In 2019 the existing means-tested social pension was made universal - covering everyone over the age of 65 - and the benefit level increased. In 2020, the main regime of the private sector was substantially reformed,...

How to protect "captive shippers" from monopolistic abuses by a railway? In an "open access" system, it's straightforward: provide infrastructure access to a competing train operating company. In a system without open access - as in, for example, the United States, Canada, Mexico, and Brazil -...

This working paper contrasts the neo-Keynesian and post-Keynesian theories of monetary policy for an open economy, highlighting the irrelevance of the orthodox theory and the explanatory capacity of heterodoxy for an emerging economy such as Mexico. It focuses on the role of the central bank and...

What determines the aggregate and distributional effects of new transportation infrastructure? One key overlooked channel is the role that infrastructure policy plays in changing the incentives of firms to enter, exit, and grow--in turn generating endogenous changes in local productivity. In...

Nature-based tourism offers several positive effects, including bringing tourists closer to nature and increasing environmental awareness among them, creating new sources of employment, diversifying local and regional economies, promoting the conservation of local ecosystems, and protecting...