Structural Changes in the Transmission Mechanism of Monetary Policy in Mexico: A Non-linear VAR Approach

In this paper we present a first approach to the study of the transformation in the transmission mechanism of monetary policy that has taken place in Mexico in recent years. For this purpose, we use a non-linear VAR model that allows for regime shifts. The comparison of the different regimes identified leads to the following main findings: a) there was a major structural change in the transmission mechanism around January 2001, date that coincides with the formal adoption of the inflation targeting framework; b) after this change, fluctuations in the real exchange rate have had smaller effects on the process of price formation, the formation of inflation expectations and the nominal interest rate; c) also, there have been stronger reactions of the nominal interest rate to increases in the output gap and the rate of inflation; and d) the movements of the nominal interest rate have a more effective influence on the real exchange rate and the rate of inflation.Monetary policy, Mexico, Monetary transmission mechanism

Strategic planning and change management.Examples of Barcelona, Seville and Saragossa (Spain)

This work attempts to underline that motivating and managing change in the mentality of its environment, and being in tune with society's changing needs is the basis of successful strategic planning. Our aim is to highlight planning as a way of learning, that is, planning implies changing ways of thinking, not making plans. Strategic learning requires releasing the mind in order to slip flexibly into the continuous line and to achieve the creation of possible action courses from a fertile dialogue between thought and action. Using our insights from the two literatures, we propose a dynamic, integrative conceptual model of change based on organizational learning. This practice has been analysed in three Spanish cities where important events have taken place.

Third demographic transition and demographic dividend : an application based on panel data analysis

P. 59-82The third demographic transition, barely mentioned by some authors and implicit for others, refers to changes in the demographic structures of the most developed countries promoted by the most recent migratory flows, with repercussions in aspects such as age structure or the composition of the labour market. The concept of the third demographic transition revolves around the increasing presence of foreigners, many of whom take up jobs that nationals reject, as well as other more skilled posts. Using the panel data methodology, we try to explain the third demographic dividend whose impact can be seen in the labour market. The results enable us to conclude that the foreign worker differential puts downward pressure on salaries, which affects other groups. If workers are available and policies are constructive, this leads to positive results and social wealth.S

Banks, Liquidity Crises and Economic Growth

How do the liquidity functions of banks affect investment and growth at different stages of economic development? How do financial fragility and the costs of banking crises evolve with the level of wealth of countries? We analyze these issues using an overlapping generations growth model where agents, who experience idiosyncratic liquidity shocks, can invest in a liquid storage technology or in a partially illiquid Cobb-Douglas technology. By pooling liquidity risk, banks play a growth-ancing role in reducing ineffcient liquidation of long-term projects, but they may face liquidity crises associated with severe output losses. We show that middle-income economies may find it optimal to be exposed to liquidity crises, while poor and rich economies have more incentives to develop a fully covered banking system.Growth models, Liquidity, Financial intermediation, Financial fragility, Banking crises

Wealth, Financial Intermediation and Growth

This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial intermediation, we show that the exogenous contribution of financial development to economic growth has different effects for different levels of income per capita. We find that this contribution is generally increasing with the level of income per capita of the economy, up to a relatively high level of income.Growth models, Liquidity, Financial intermediation, Financial fragility, Banking crises

El desarrollo demográfico de la ciudad de Las Palmas de Gran Canaria (siglos XVI-XX)

En el presente trabajo queremos analizar los aspectos de la dinámica y la estructura demográfica de Las Palmas de Gran Canaria, para ello valoraremos el crecimiento real de la población a través de los distintos censos y padrones que se han ido produciendo a lo largo de sus cinco siglos de historia, pues la ciudad se funda en 1478. Asimismo abordaremos los aspectos relacionados con el crecimiento vegetativo de la población, es decir las diferencias entre los índices de natalidad y mortalidad. Por último, nos centraremos en algunas cuestiones relacionadas con la composición de la propia población, como son: la estructura por edad y sexo, el estado socioprofesional y los niveles de instrucción. Las Fuentes para el estudio han sido los censos y padrones de población para conocer la evolución de la población, su estructura y composición. Por lo que respecta a la dinámica de la misma, es decir al crecimiento natural, las fuentes utilizadas han sido fundamentalmente el movimiento natural de la población y los registros civiles. Esta información la hemos elaborado en cuadros y gráficos que iremos exponiendo a lo largo del presente artículo. Por último también ha sido de gran ayuda los numerosos trabajos bibliográficos que distintos autores han elaborado hasta el momento, y que nosotros iremos reseñando a través de las distintas citas del trabajo. [...

El uso de los cuestionarios moodle para aprender la prioridad de operaciones

En el presente artículo se describe cómo se utilizó la herramienta cuestionario de la plataforma moodle para el aprendizaje de la jerarquía de operaciones en el nivel de 1º de Educación Secundaria Obligatoria, ESO, con alumnos de 12 años

Preventing homophobia through English in year 6 of primary education

Homophobia is the most common hate crime in our current society and it also exists in the schools. The Spanish educational system is sensitive to this issue: the law recognizes affective-sexual diversity and highlights the importance of overcoming sexist behaviour, so that the students learn to respect and value diversity. There is also homophobic bullying in the last years of Primary education, such as the group of students this project focuses on: twenty-seven sixth graders who study in a bilingual state school located in a working class area of Madrid. Given that this school runs a bilingual program, the objective of this action research project is double: both linguistic and attitudinal: to improve the students’ linguistic skills in the target language (English) while carrying out cross-curricular activities referred to the prevention of homophobia and acceptance of diversity. The results show that homophobic attitudes register a lower acceptance from the group of students at the end of the project, which also demonstrates that a foreign language can be used to teach values effectively. Keywords: homophobia, bilingualism, values, diversity, primary education, ESL.La homofobia es el delito de odio más común en nuestra sociedad actual y también existe en la escuela. A pesar de que el sistema educativo español es sensible a esta materia e introduce conceptos como la valoración de la diversidad y la necesidad de vencer los comportamientos sexistas, los comportamientos homófobos también se han extendido a los últimos cursos de Educación Primaria, como ocurre en el grupo de alumnos en el que se centra este trabajo de investigación: veintisiete alumnos de 6º de Primaria matriculados en un colegio público que sigue el proyecto bilingüe de la Comunidad de Madrid. El objetivo de este trabajo de investigación es tanto lingüístico como actitudinal: proporcionar al alumnado oportunidades para mejorar sus destrezas en la lengua inglesa a la vez que se incluyen actividades dirigidas a la prevención de la homofobia y aceptación de la diversidad. Los resultados muestran que las actitudes homófobas registraron una menor aceptación entre los alumnos al final del proyecto, lo que demuestra que una lengua extranjera puede emplearse para la enseñanza de valores de forma efectiva

Preventing homophobia through English in year 6 of primary education

Homophobia is the most common hate crime in our current society and it also exists in the schools. The Spanish educational system is sensitive to this issue: the law recognizes affective-sexual diversity and highlights the importance of overcoming sexist behaviour, so that the students learn to respect and value diversity. There is also homophobic bullying in the last years of Primary education, such as the group of students this project focuses on: twenty-seven sixth graders who study in a bilingual state school located in a working class area of Madrid. Given that this school runs a bilingual program, the objective of this action research project is double: both linguistic and attitudinal: to improve the students’ linguistic skills in the target language (English) while carrying out cross-curricular activities referred to the prevention of homophobia and acceptance of diversity. The results show that homophobic attitudes register a lower acceptance from the group of students at the end of the project, which also demonstrates that a foreign language can be used to teach values effectively. Keywords: homophobia, bilingualism, values, diversity, primary education, ESL.La homofobia es el delito de odio más común en nuestra sociedad actual y también existe en la escuela. A pesar de que el sistema educativo español es sensible a esta materia e introduce conceptos como la valoración de la diversidad y la necesidad de vencer los comportamientos sexistas, los comportamientos homófobos también se han extendido a los últimos cursos de Educación Primaria, como ocurre en el grupo de alumnos en el que se centra este trabajo de investigación: veintisiete alumnos de 6º de Primaria matriculados en un colegio público que sigue el proyecto bilingüe de la Comunidad de Madrid. El objetivo de este trabajo de investigación es tanto lingüístico como actitudinal: proporcionar al alumnado oportunidades para mejorar sus destrezas en la lengua inglesa a la vez que se incluyen actividades dirigidas a la prevención de la homofobia y aceptación de la diversidad. Los resultados muestran que las actitudes homófobas registraron una menor aceptación entre los alumnos al final del proyecto, lo que demuestra que una lengua extranjera puede emplearse para la enseñanza de valores de forma efectiva

UN Forum series – meaningful rights-holders engagement is key for human rights impact assessments

This post was contributed by Alejandro González, senior researcher at the Project on Organizing, Development, Education and Research (PODER). One of the key challenges, and indeed an important benchmark, with regard to the effective implementation of the United Nations Guiding Principles on Business and Human Rights (UNGPs) is that of meaningful consultation, dialogue, and engagement with affected, or potentially affected, rights-holders during human rights due diligence (HRDD) processes. The responsibility of business enterprises to respect human rights means that enterprises should, on the one hand, avoid causing or contributing to adverse human rights violations (including legal and non-legal, and actual or potential, acts of complicity) and, on the other hand, proactively conduct HRDD