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The structural budget balance: a preliminary estimation for Mexico

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  • Jeronimo Pastor
  • Alejandro Villagomez

Abstract

In this article we estimate the structural budget balance for Mexico from 1980 to 2003 using a variation of the methodology proposed by the International Monetary Fund. In addition, we propose a fiscal rule that limits deficits in the structural balance as a percentage of GDP, such as the ones used by the European Union and the Chilean Government amongst others. We also simulate what the conventional balance would have been for Mexico if such a rule would have been implemented in 1980.

Suggested Citation

  • Jeronimo Pastor & Alejandro Villagomez, 2007. "The structural budget balance: a preliminary estimation for Mexico," Applied Economics, Taylor & Francis Journals, vol. 39(12), pages 1599-1607.
  • Handle: RePEc:taf:applec:v:39:y:2007:i:12:p:1599-1607
    DOI: 10.1080/00036840500447856
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    References listed on IDEAS

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    1. Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Végh, 2005. "When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies," NBER Chapters,in: NBER Macroeconomics Annual 2004, Volume 19, pages 11-82 National Bureau of Economic Research, Inc.
    2. Ernesto Talvi & Carlos A. Vegh, 2000. "Tax Base Variability and Procyclical Fiscal Policy," NBER Working Papers 7499, National Bureau of Economic Research, Inc.
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Déficit Estructural o Ajustado al Ciclo: Ahora la OECD
      by Alejandro Villagomez in Tintero Económico Diario on 2009-08-01 08:05:00
    2. Reporte del FMI sobre México y Política Fiscal
      by Alejandro Villagomez in Tintero Económico Diario on 2009-02-14 21:05:00
    3. Multipliers and the Role of Government
      by Alejandro Villagomez in Tintero Económico Diario on 2009-02-12 04:54:00
    4. Refinando una Regla de Balance Estructural
      by Alejandro Villagomez in Tintero Económico Diario on 2013-10-28 05:43:00

    Citations

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    Cited by:

    1. Islas-Camargo, Alejandro & Cortez, Willy W., 2011. "How relevant is monetary policy to explain Mexican unemployment fluctuations?," MPRA Paper 30027, University Library of Munich, Germany.
    2. Juan Carlos Chávez Martín del Campo & Ricardo Rodríguez Vargas & Felipe de Jesús Fonseca Hernández, 2010. "Vacas gordas y vacas flacas: la política fiscal y el balance estructural en México, 1990-2009," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 25(2), pages 309-336.
    3. Uryszek Tomasz, 2015. "Long-term Sustainability Of Public Finance In The Central And Eastern EU Member States / Długoterminowe Zrównoważenie Finansów Publicznych w Krajach Europy Środkowej i Wschodniej Należących Do Ue," Comparative Economic Research, De Gruyter Open, vol. 18(4), pages 47-61, December.
    4. Vugar Ahmadov & Ulvi Sarkarli & Ramiz Rahmanov, 2018. "Structural Budget Balances in Oil-Rich Countries: The Cases of Azerbaijan, Kazakhstan, and Russia," IHEID Working Papers 01-2018, Economics Section, The Graduate Institute of International Studies.

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