Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009
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 the...
| 主要作者: | , , |
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| 格式: | Online |
| 語言: | 西班牙语 |
| 出版: |
El Colegio de México, A.C.
2010
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| 主題: | |
| 在線閱讀: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/111 |
| 機構: |
Estudios Económicos |
| authentication_code | dc |
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| _version_ | 1844256666779910144 |
| author | Chávez Martín del Campo, Juan Carlos Rodríguez Vargas, Ricardo Fonseca Hernández, Felipe de Jesús |
| author_facet | Chávez Martín del Campo, Juan Carlos Rodríguez Vargas, Ricardo Fonseca Hernández, Felipe de Jesús |
| author_sort | Chávez Martín del Campo, Juan Carlos |
| category_str_mv |
"Bolivia", "hyperinflation", "economic crisis", "Bolivia", "hiperinflación", "crisis económica"
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| collection | OJS |
| description | 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 the period. However, we find that it has been countercyclical since late 2008, although to a lesser degree than what indicates the traditional balance. Moreover, we simulate counterfactual scenarios where it is analyzed what would have happened if a fiscal rule were applied on both the structural and the traditional budget balances over the period under study. |
| format | Online |
| id | oai:oai.estudioseconomicos.colmex.mx:article-111 |
| index_str_mv | CONAHCYT LATINDEX PKP Index DORA Redalyc Scielo México Handbook of Latin American Studies (HLAS) JSTOR Dialnet HAPI Ulrich’s International Periodicals Directory Google Scholar IBSS Gale OneFile: Informe Académico Global Issues in Context InfoTracCustom Cengage Learning EconLit Índice bibliográfico Publindex RePEc The Journal of Economic Literature |
| journal | Estudios Económicos |
| language | spa |
| publishDate | 2010 |
| publisher | El Colegio de México, A.C. |
| record_format | ojs |
| Terms_governing_use_and_reproduction_note | Copyright (c) 2018 Estudios Económicos |
| data_source_entry/ISSN | Estudios Económicos de El Colegio de México; 50-vol. 25, no. 2, july-december, 2010; 309-336 Estudios Económicos de El Colegio de México; 50-vol. 25, núm. 2, julio-diciembre, 2010; 309-336 0186-7202 0188-6916 |
| spelling | oai:oai.estudioseconomicos.colmex.mx:article-1112025-07-03T17:19:30Z Fat cows and lean cows: Fiscal policy and structural balance in Mexico, 1990-2009 Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009 Chávez Martín del Campo, Juan Carlos Rodríguez Vargas, Ricardo Fonseca Hernández, Felipe de Jesús public balance structural balance business cycles H61 H62 H63 E32 balance público balance estructural ciclos económicos H61 H62 H63 E32 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 the period. However, we find that it has been countercyclical since late 2008, although to a lesser degree than what indicates the traditional balance. Moreover, we simulate counterfactual scenarios where it is analyzed what would have happened if a fiscal rule were applied on both the structural and the traditional budget balances over the period under study. Se estima el cálculo del balance estructural del sector público (BESP) para la economía mexicana de 1990 a 2009. Los resultados indican que, a pesar de que la política fiscal muestra un carácter procíclico durante la mayor parte del periodo estudiado, en el periodo reciente la política fiscal muestra un carácter netamente contracíclico, aunque menor al que indica el balance tradicional. Asimismo, se simula el efecto que hubiera tenido el haber adoptado una regla fiscal sobre el BESP y el balance tradicional durante el periodo de estudio. El Colegio de México, A.C. 2010-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/111 10.24201/ee.v25i2.111 Estudios Económicos de El Colegio de México; 50-vol. 25, no. 2, july-december, 2010; 309-336 Estudios Económicos de El Colegio de México; 50-vol. 25, núm. 2, julio-diciembre, 2010; 309-336 0186-7202 0188-6916 spa https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/111/113 Copyright (c) 2018 Estudios Económicos |
| spellingShingle | public balance structural balance business cycles H61 H62 H63 E32 balance público balance estructural ciclos económicos H61 H62 H63 E32 Chávez Martín del Campo, Juan Carlos Rodríguez Vargas, Ricardo Fonseca Hernández, Felipe de Jesús Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009 |
| title | Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009 |
| title_alt | Fat cows and lean cows: Fiscal policy and structural balance in Mexico, 1990-2009 |
| title_full | Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009 |
| title_fullStr | Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009 |
| title_full_unstemmed | Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009 |
| title_short | Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009 |
| title_sort | vacas gordas y vacas flacas la politica fiscal y el balance estructural en mexico 1990 2009 |
| topic | public balance structural balance business cycles H61 H62 H63 E32 balance público balance estructural ciclos económicos H61 H62 H63 E32 |
| topic_facet | public balance structural balance business cycles H61 H62 H63 E32 balance público balance estructural ciclos económicos H61 H62 H63 E32 |
| url | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/111 |
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