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Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Psicología (Santiago) is the property of Universidad de Chile and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Medicina Interna de Mexico is the property of Colegio de Medicina Interna de Mexico and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Desenvolvimento e Meio Ambiente is the property of Universidade Federal do Parana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Estudios Económicos is the property of El Colegio de Mexico AC and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Estudios Gerenciales is the property of Universidad ICESI and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Through a quantile regression, it is shown that from 1990 to 2018 the impacts of business investments, dollar debt and the exchange rate are differentiated for the various levels of exchange earnings of a group of Mexican companies. The value of the dollar and foreign currency debt negatively impact earnings, and investments in property, plant and equipment, and net working capital have a greater influence on such earnings. The relationship between foreign exchange earnings and investments in recent, intangible assets and net working capital has not been previously studied. These results can be useful for investment planning as a means of managing the risk of foreign exchange losses. [ABSTRACT FROM AUTHOR]

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Estudios Gerenciales is the property of Universidad ICESI and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Background: The literature on fiscal theory and policy has shown evidence regarding the procyclical stance of public spending in relation to the economic cycle in developing countries, and particularly in the case of Latin American economies. This paper studies the relationship of budget spending and the economic cycle in Mexico for the 1980-2016 period, it seeks to clarify whether the shift in fiscal policy can be characterized as a tendency towards an anticyclical stance. Methodology: To analyze the quarterly seasonally adjusted series of budget expenditure and gdp (at constant 2008 prices), their cyclical components were estimated using the Hodrick-Prescott filter. To explain the cycle of expenditure through the product cycle, a regression was estimated with Markov regime changes in which the state probabilities vary according to the volatility of the product. Subsequently, the time-varying volatilities of both series were estimated as well as their dynamic conditional correlations and the latter were analyzed based on the economic cycle. Results: The evidence is consistent with an expenditure policy that has been both procyclical and counter-cyclical at different times of the period under study, as the previous literature has shown, but in recent years there has been a notable decrease in the emphasis of the procyclicality of the budget public expenditure, which even suggests that fiscal policy has become acyclical. Conclusions: Unless the policy makers act towards other direction, fiscal policy can be expected to remain acyclical and, therefore, budgetary spending will continue to have non significant impact on the management of the Mexican economy cycle. [ABSTRACT FROM AUTHOR]

Copyright of Cauriensia: Revista Anual de Ciencias Eclesiásticas is the property of Instituto Teologico San Pedro de Alcantara de Caceres and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Given the uncertainty in this regard, this paper analyzes the most appropriate monetary policy position for Mexico, which aims to maintain the inflation objective without negatively affecting product growth. The value of the neutral interest rate in Mexico for the next five years is estimated based on Taylor's rule and a co-integrated vector autoregression (VAR) model (CVAR). The results suggest that the monetary policy rate is above the neutral interest rate, which, combined with the potential international rate cut, could grant the central bank for almost the entire six-year period a degree of freedom to maintain its rate below the current level; in the short term the current monetary policy rate could be cut by at least 25 points without risking convergence to the inflation target. [ABSTRACT FROM AUTHOR]

This paper is aimed at developing a stochastic macroeconomic model useful to explain the effects of unexpected jumps in government spending per capita and in demographic variables on per capita economic growth. To do this, it is assumed that the stochastic dynamics of output and population are driven by mixed diffusion- jumps processes modulated by a Markov Chain. The most important results are that extreme sudden jumps in government spending per capita and in the population growth rate impact negatively the rate of per capita output growth. In particular, if there is a sudden sharp jump in the rate of population growth, then capital per capita suddenly decreases impacting negatively per capita output. Finally, the theoretical findings are supplemented with empirical evidence about the Mexican case obtained through a model that takes in account the volatility of the growth rates of the population and the per capita public expense as well as the surprises in the jump intensities of both variables. [ABSTRACT FROM AUTHOR]