English Abstract: Behavioral Sciences are relevant to the Law because they have enhanced the comprehension and prediction of human reaction to norms and other interventions. However, they have not yet built a complete model of behavior apt to substitute the one assumed in mainstream economic...

Today that Banco de México has adopted an inflation targeting scheme, it has become more relevant to know the effect that moderate inflation has on economic growth in order to design monetary policy. The purpose of this paper is to estimate that effect following a non-lineal approach similar to...

En este artículo se propone un método numérico para la calibración de un modelo de equilibrio general dinámico y estocástico (dsge). Esencialmente, este consiste en utilizar un algoritmo híbrido de optimización, primero para encontrar un estado estacionario del modelo y luego para...

The presence of seasonal fluctuations (regular behavior along the year related to weather or institutional factors) invalidates monthly (quarterly) comparisons. In turn, since inter-annual variations depend on the comparison basis being used, they could provide very little information to the...

Autonomy is not a new issue in the history of Banco de México. This paper presents how the concept of central bank autonomy has evolved through three main stages. In the first stage, known as statutory autonomy (1925-1938), autonomy was formalized through rules which established ceilings to the...

With the aim of quantifying the effect of the decrease in interest rates on consumer loans (both credit cards and personal loans, in local currency to the non-financial private sector) in Argentina between March and December 2020, monthly error correction models are estimated, and counterfactual...

La tesis central del presente ensayo es que un proceso exitoso de desarrollo capitalista nacional en el contexto de un mercado mundial caracterizado por la existencia de múltiples monedas nacionales y dividido en países desarrollados hegemónicos del Primer Mundo y países subdesarrollados...

This paper is a brief review of the literature on theories of endogenousand exogenous money supply, and its relationship with the conceptsof inside money and outside money. The article has three sections. Thefirst one defines the concepts of inside money and outside money.The second one presents...

Estudios teóricos y empíricos desde la perspectiva de diferentes ciencias sugieren que un grupo de trabajo óptimo debería tener entre 5 y 9 miembros, aunque este número puede variar bajo diversas circunstancias y está bajo la influencia de factores propios al entorno en el que el grupo se...

Existen numerosos consensos entre los economistas de Chicago y Viena en lo que concierne a la comprensión del funcionamiento de los mercados y las políticas públicas, y en el rechazo al intervencionismo, el socialismo y el totalitarismo. Sin embargo, en lo referente a temas macroeconómicos,...