This paper analyzes the effects of children on income, con sumption and saving profiles for Mexican families. We use the Life Cycle Model that allow us to follow the families behavior along his life cycle, while our empirical work is based on synthetic panels as pro posed by Browning, Deaton and...

We estimate a small-scale macro model for the Mexican economy under the New Keynesian (NK) framework and alternative interest rate rules for Mexico. With these results we evaluate the performance of the Bank of Mexico against a set of optimality principles derived in the NK literature. We show...

Uno de los principales argumentos esgrimidos en la reforma al sistema de pensiones en México fue su impacto positivo en el ahorro. Este trabajo realiza una primera cuantificación de este impacto. Para ello se estima una serie de ahorro contractual generado por este programa, así como la...

We estimate a small-scale macro model for the Mexican economy under the New Keynesian (NK) framework and alternative interest rate rules for Mexico. With these results we evaluate the performance of the Bank of Mexico against a set of optimality principles derived in the NK literature. Our...

Uno de los objetivos del trabajo de la CEPAL es fortalecer la capacidad técnica de los gobiernos para el análisis de la evolución y perspectivas de las economías de la región y de las políticas para mejorar su desempeño. Parte importante de este esfuerzo es proveer asesoría en la...

El Gobierno Federal en México ha implementado el otorgamiento de una transferencia no contributiva bajo el programa "Pensión Universal", para todos aquellos trabajadores que no obtendrán una pensión por parte de los Programas Contributivos del Sistema de Ahorro para el Retiro (SAR), como una...

In an increasingly complex world, individuals have a more limited ability to take optimal decisions due to the lack of knowledge of basic financial concepts. This leads to severe mistakes in key decisions throughout an individual's life. Moreover, financial illiteracy is greater in the young...

This paper presents saving rate decomposition for Mexican households in 1984-1996 using a synthetic panel. The analysis focuses on low-income households and their saving rate trough the life cycle. Our results show that saving rate in poorer households is higher at the beginning and the end of...

This paper uses structural vector autoregression (SVAR) models to characterize the dynamic impact of fiscal policy on national saving. SVARs have extensively been used in case of monetary policy. Data adjusted for inflation, capital flight, the value loss of debt and cyclical effects, is used...