This Selected Issues Paper explores policy options to close gender gaps in Mexico. It analyzes policies to boost both female labor force participation and formal employment, looking at regional differences, showing how significant gains could be achieved, especially in rural areas. It also takes...

The 2023 Article IV Consultation highlights that the Mexican economy is in the midst of a broad-based expansion. Growth is expected to be 3.2 percent in 2023, led by robust private consumption and investment, with notable strength in services and construction sector, and in auto production....

This paper explores a novel forward-looking approach to study the financial stability implications of climate-related transition risks. We develop an integrated micro-macro framework with a new class of scenario called delayed-uncertain pathways. An additional stochastic financial modeling layer...

This paper explores the financial stability implications of acute physical climate change risks using a novel approach that focuses on a severe season associated with a sequence of tropical cyclone and flood events. Our approach was recently applied to study physical risks in the Mexican...

Traditional models relying on standard variables like the U.S. Hispanic unemployment rate fared well in explaining remittances to CAPDR and Mexico during the pre-pandemic period. However, they fail to predict the sustained growth in remittances since June 2020, including the significant increase...

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 -...