Mexico: Selected Issues

Volume/Issue: Volume 2004 Issue 418

Publication date: December 2004

ISBN: 9781451825626

$20.00

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English

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , interest rate , PRONAFIDE , deficit , TFP growth , debt structure , government debt , deficit objective , primary spending , Total factor productivity , Domestic debt , Output gap , Exports , East Asia , Africa , Eastern Europe , Global , Central America

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Peru

Nepal

Grenada

Republic of Congo : 2001 Article IV

Summary

This Selected Issues paper analyzes the sources of Mexico’s economic growth since the 1960s, and compares various decompositions of historical growth into trend and cyclical components. The role of the implied output gaps in the inflation process is assessed. The paper presents medium-term paths for GDP based on alternative productivity growth rates. The paper also describes the significant steps Mexico has taken to strengthen the structure of its public debt in recent years, both in terms of currency composition and maturity.