Articles providing critical insights and analysis on monetary policy issues impacting the U.S. economy and its deep financial and economic relationship with Mexico.
Bridges and borders: Economic policy across North America
This conference organized by the Peterson Institute for International Economics and the Federal Reserve Bank of Dallas examines key policy and economic challenges shaping the future of North American integration, with a focus on labor mobility, remittance flows and cross-border trade.
November 06, 2025
Higher tariffs in U.S., Mexico part of global response to China export surge
Concerns regarding diversion or transshipment of Chinese exports have figured prominently in U.S. trade talks in 2025. Mexico and Canada have already raised tariffs on Chinese goods in some sectors to protect their domestic industries.
October 31, 2025
Overflowing U.S. shale gas increasingly streams to Mexico and onto global markets
Huge volumes of imported shale gas from the United States have provided the ample supply for Mexico’s growing energy needs, keeping power prices down for industries and households.
October 31, 2025
Mexico’s economy surprises to the upside, but outlook is weak
The Mexican economy grew during the first half of 2025, surprising analysts who had anticipated a recession. However, the outlook is weak, with the consensus forecast implying economic slowdown during the second half.
October 16, 2025
Innovation promises efficiencies in remittances, if regulation can keep up
As payments technologies evolve faster than the rules governing them, understanding both the mechanics and policy trade-offs of cross-border transfers is increasingly important.
October 15, 2025
Research Department Working Papers
Household Consumption and Savings over the Life Cycle: The Roles of Demographics and Durables
This paper provides a novel, developing country perspective by analyzing patterns of life-cycle consumption, income and savings rates in India.
October 14, 2025
Payment system design can encourage intraday liquidity efficiency
Efficient allocation of bank reserves improves central bank balance sheet efficiency. Frictions in such redistribution can affect monetary policy implementation.
October 02, 2025
Mexico Economic Update
Mexico’s economy continues growing through second quarter, outlook remains weak
The latest data available were mixed. While output, exports and retail sales grew, industrial production and employment declined. The peso was stable against the dollar, and inflation remained elevated.
October 02, 2025
Central bank swaps offer dollar crisis lifeline to non-U.S. banks
Starting in late 2007, the Federal Reserve, in partnership with a few major foreign central banks, began offering central bank dollar liquidity swap lines as an important liquidity backstop.
September 30, 2025
China expands Mexico investment but notably lags U.S., other G7 economies
China has been the fastest growing source of foreign direct investment (FDI) to Mexico in recent years. Chinese investment has also become a prominent issue in U.S.-Mexico economic relations. However, this FDI remains small compared with U.S. investment in Mexico.
September 26, 2025