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On information and priors: a synthesis
(Centro de Investigación y Docencia Económicas, División de Economía, 1998)
This work is organized as follows. In section 2, we will introduce an indexed family of information functionals. In section 3, on the basis of asymptotic normality, we will state a relationship between Bernardo's (1979) ...
Temporary stabilization: a stochastic analysis
(Centro de Investigación y Docencia Económicas, División de Economía, 1998)
Although much knowledge has been gained about temporary inflation stabilization from the experience of South America and the Middle East in the 1970s and 1980s, much remains to be learned. The Mexican episode of 1989-1994 ...
Endogenous growth, money, taxes and foreign debt
(Centro de Investigación y Docencia Económicas, División de Economía, 1998)
This paper uses a model of endogenous non-scale growth to examine the tradeoff between raising public foreign debt and sustaining growth. It is shown that a tight monetary policy accompanied by an increase in the tax rate ...