This work analyzes the incidence of mathematical abilities in financial literacy for Mexicans between 15 and 18 years old attending school in Mexico City and the State of Mexico. Our results confirm that the levels of financial literacy are low. Considering the “L&M Focus”, only 6.6% of the...

In this document we make a first assessment of the impact of the counter cyclical fiscal measures adopted by Mexico had over the economy during the recent crisis. This is a highly controversial subject, both theoretically and empirically, due to the debate about the multipliers’ relevance....

In this paper we estimate the macroeconomic impact of the 1997 Mexican pension reform, which substituted a pay-as-you-go for a fully- funded system with individual accounts. To analyze the impact of the reform on GDP growth, three main channels are considered: national savings and domestic...

This paper gives an overview of the origins, development and contagion of the financial and economic crisis of 2008-2009. This work gives an appraisal of the policy measures taken by the international community. Furthermore, it also evaluates the impact and response of emerging markets to the...

We estimate a small-scale macro model for the Mexican economy under the New Keynesian framework. We then estimate alternative interest rate rules for Mexico, and use the results from both exercises to evaluate the performance of the Bank of Mexico against a set of optimality principles derived...

This paper uses structural vector autoregressions (SVAR) to characterize the dynamic impact of fiscal policy on national saving. SVAR´s have extensively been used to characterize the impact of monetary policy on the economy but have not been applied as much to analyzing fiscal policy. This...

This paper deals with the fiscal implications of a stabilization fund that allows for a stable consumption over time, in particular in the case of an oil producing and exporting country like Mexico. We present a model of optimal fiscal policy in the context of a country with important revenues...

Contributory pension system coverage has been low. High mobility between formal and the informal sector results in low contribution density which does not guarantee a minimum pension. The state has created cash transfer programs, which can disincentive formality. This paper proposes a...

This work performs a revision and an analysis about the macroeconomic impact of petroleum exploitation and exports in our country during the past thirty years. In this context; this study points out that the new transmission channels of the macroeconomic effect of petroleum are the public...

In this paper we carry out a first analysis of the behavior and determinants of the enrollment in the economics undergraduate program in Mexico for the years 1974-2004. Some characteristics of this behavior reflect trends in higher education in our country since the end of the 1970s, such as the...