In this study, I develop an analytical general equilibrium model to assess the distributional effects across income groups of a carbon tax assuming that the revenue from the carbon tax is recycled in two different ways: as a manufacturing tax-cut and a food subsidy. I use this analytical model...

This paper uses a multinomial logit model to examine the factors associated with the occurrence of both self-fulfilling and fundamental banking crises. We find evidence indicating that the two types of crises are indeed different, and are explained by different variables. Self-fulfilling crises...

Few studies estimate housing demand for developing countries. We contribute to the literature by estimating housing demand in Mexico, and analysing its main determinants. An advantage of this study is the use of market-based data of actual housing transactions. Our results show a strong positive...

This paper employs U.S. metropolitan data to investigate the relationship between mortality rate and the business cycle. We utilize mortality and employment data that are specific to a given city, year and race/ethnic group. The analysis improves upon the existing literature by analyzing the...

This paper analyzes the components of housing demand in Mexico in the context of developing and developed nations. The case of Mexico is particularly interesting given that population and income dynamics, as well as current housing shortages, suggest that the demand for housing will...

Uncertainty about the persistence of periods characterized by large price shocks is an important aspect of monetary policy. This type of uncertainty posed some difficulties for central banks in 2004. This paper formalizes the treatment of this type of uncertainty by solving an optimal control...

While previous studies examine how the business cycle affects mortality in developed countries, less is known about this relationship in developing countries. In this paper, we investigate whether the procyclical nature of mortality in developed countries found by Ruhm (2000) and others is also...

We investigate the relationship between mortality and business cycles within Mexico, where development varies significantly. We exploit this variation by separately analyzing the top ten and bottom ten developed states for the period 1993-2004. We find that while overall mortality is procyclical...

In this paper we study the effect of the business cycle on the mortality rate of the major racial groups in the U.S. Using county-level data from 1999 to 2005, we find that the unemployment rate is negatively related to mortality for whites and latinos but that there is not a statistically...

We estimate the marginal impact of prenatal care (PNC) on birth outcomes in Mexico using nationally representative data on about 14 million births from 2009 to 2014. Given the possible self selection into PNC, we attempt to identify the causal impact of PNC on birth outcomes by estimating an...