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The objective of this paper is to examine the relationship between fiscal and monetary policy coordination and fiscal multipliers in Argentina, Brazil, Chile, and Mexico. To do so, we first look at the theoretical framework of the New Consensus Macroeconomics (NCM), and then analyze the trends in the four countries for variables including consumption, investment, government spending, and interest rates. Finally, we present an estimate of the spending and monetary multipliers with proxy variables. The contribution of this paper consists of one, showing the inexistence of the crowding out effect, and two, quantifying the multipliers for the aforementioned countries. [ABSTRACT FROM AUTHOR]

The aim of this paper is to give continuity to my previous work about the software industry and information technology services, but this time focused on the study of the dynamics of the cluster technology in local experiences. So the paper inquires this dynamic in two cities: Merida (Yucatan, Mexico) and Rosario (Santa Fe, Argentina) .The aim of approaching these two case studies is based on the interest in these two cities, since they have a innovative productive profile, with significant growth rates and that this strategy is added to other activities of high added value. In this sense the production of software and new technologies, are creating a climate conducive to local development. This paper examines the socio-economic context of each city, the background to the creation of the cluster technology, international cooperation and international institutional business, public policy in the territorial cluster, the profile and activities of the companies in there, and the characteristics of their human resources. [ABSTRACT FROM AUTHOR]

The paper examines the relationship between the performance of Latin American stock markets with their real economies, applying seven econometric models for the cases of Argentina, Brazil, Chile and Mexico. The relationship between stock market yields in these countries and their respective GDPS is examined and compared, applying to the series for each country unit root tests, cointegration analysis, error correction model analysis, Granger causality modeling, self-regression vector analysis, stimulus and response functions, and variance decomposition analysis. The series comprise the following stock markets: Argentina's MERVAL, Brazil's BOVESPA, Chile's IGPA, and Mexico's IPC, as compiled by Economática. The GDP series were obtained from the Cepalstat data base. The series are monthly and are for the period 1993-2005. [ABSTRACT FROM AUTHOR]