A neoclassical endogenous growth model is presented where a representative household deriving utility from both consumption and leisure must use money in order to purchase consumption goods. Taxes on money holdings, capital and labor income may be used to finance an exogenous stream of wasteful...

This paper studies fiscal correspondence and fiscal trust. Through an experimental design carried out in Oaxaca, Mexico it explores which authority, the religious or the civil one, is better at collecting contributions to finance common goods. Results suggest that fiscal correspondence is the...

This paper uses the switching probability regimes methodology to estimate the determinants of financial crisis, measured in changes in the stochastic regimes of interest and exchange rates. We use Mexico to perform the exercise. Results suggest that public debt structure is important in...

This paper presents a methodology to measure the effects of economic liberalization and deregulation on the Mexican economic growth in the long-run. The methodology can determine whether there has been a permanent change in the rate of growth. The results show that the increase in the Mexican...

This article tries to determine whether federal transfers called FISM are distributed in a redistributive manner. We use the Municipal Mayors National Survey (2002) in a two step- GMM model. Empirical results suggest that although these transfers are redistributive, there is still a...