We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an … environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … sectoral productivity changes. We fi nd that such elasticities can vary signi cantly depending on the sectors and regions …

This paper documents highly persistent effects of financial crises on output, labor productivity and employment in a …

This paper claims that the roots of Mexico's balance-of-payments crisis are found in the prevailing high degree of … sustainability of currency pegs. Econometric analysis suggests that 1/2 of Mexico's reserve losses could be accounted for by these …

manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …

-improving. The model's potential empirical relevance is examined further by reviewing Mexico's post-war experience with the collapse …

, particularly to bank loans, can have real effects. This paper presents new evidence on the credit hypothesis for the case of Mexico …

suggests an additional factor influencing money demand in Mexico. The second result is evidence against my convertibility risk …

This paper proposes a simple investment model that permits a test of the relative importance of Mexico's terms of trade … decline, the reversal in net capital inflows, and the debt overhang, in explaining Mexico's investment decline in the early … rise in the relative price of investment goods and further that the deterioration in Mexico's international terms of trade …

of Mexico, which was a bank note par redemption and clearing system for other payments that operated in Mexico City from …