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boldest interventions in the recent history of Mexico and the rest of the world: the Northern Border Free Zone (NBFZ …). Launched in January 2019, this program doubles the minimum wage and substantially lowers taxes in 43 municipalities along the …
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boost activity on the northern Mexican border. In this paper we estimate the effects of both policies on prices. We find … that the upward pressures on prices due to the minimum wage hike were more than offset by the downward pressures associated … with the VAT. In the absence of the VAT reduction policy, average prices in the northern Mexican border would have been …
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The objective of this essay is to analyze the effects of the minimal nominal wage, a monetary aggregate and the exchange rate on the price level using the Johansen procedure for co-integration. The empirical evidence indicates the existence of a long term relationship among those variables and...
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stores, and the after-tax price dispersion. Using an unbalanced panel of weekly prices for 553 stores throughout Mexico, we …In January 2014, Mexico addressed its epidemic of obesity by implementing an excise tax of 1 peso (1 MXN) per liter on …
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