Fiscal Policy in Mexico: The FitzGerald Thesis Reexamined
Abstract
Interest continues in the Mexican government's finance and expenditure policy due
to the severity and length of fiscal crises. According to FitzGerald, Mexican deficits were
financed through increased savings crowding out consumption but not private investment. Using
official IMF data this paper attempts to verify the FitzGerald thesis. By and large our results
suggest the Mexican economy is best depicted along Keynesian lines and not FitzGerald's
Kaleckian interpretation. This conclusion is further substantiated by the prolonged nature of the
country's current economic crisis associated with record high central government deficits and
subdued levels of private sector investment. If his thesis were valid for an earlier time (1951-65),
many of these relationships disappeared between 1965 and 1981.
Description
World Development, March 1987.
Refereed Journal Article
Collections
Related items
Showing items related by title, author, creator and subject.
-
Analysis, Design, and Prototype Implementation of a Contemporary Information System for the Marine Corps Institute
Kamel, Magdi N.; Baden, Kurt A.; Evers, Clayton O.; Hehe, Gerald L.; Peters, Gerald A.; Slaughter, Aaron T. (Monterey, California. Naval Postgraduate School, 1997-02); NPS-SM-97-001This report develops an enterprise wide architecture for the use of information systems in support of the MCI activities. The overall architecture is specified by defining three types of architectures. Data Architecture ... -
Resume of Gerald Gerard Brown, 1982
Brown, Gerald Gerard (Monterey, California: Naval Postgraduate School, 1982);In July 1973, he joined the Naval Postgraduate School Department of Operations Research and Administrative Sciences. He has been appointed Associate Professor of Operations Research and Computer Science (1975) and Professor ... -
Resume of Gerald Leonard Barksdale, Jr., 1966
Barksdale, Gerald Leonard, Jr. (Monterey, California: Naval Postgraduate School, 1966);From July 1972 until 22 June 1975 [Barksdale] was Chairman of the Computer Science Group. He is currently teaching in that department.