Campo, Juan Carlos Chávez Martín del; Vargas, Ricardo … - In: Estudios Económicos 25 (2010) 2, pp. 309-336
This study estimates the structural budget balance for the Mexican economy adjusting for both the business cycle and the international oil price for the period 1990-2009. Consistent with earlier studies, our results suggest that fiscal policy has been characterized as procyclical during most of...