Rogelio Ramírez de la O

Documento de trabajo CEEY no. 02/2017

This essay focuses on four issues. The first is the country’s low economic growth during such a long period of structural reforms. The second is the fiscal constraint in an environment of weak domestic demand to illustrate some flaws in fiscal policy. The third is a discussion of the economic and fiscal outlook under present conditions. And the fourth is a preliminary critique, subject to more research, of the focus of reforms and what appears to have gone wrong with them. The main purpose is to suggest new avenues for research.