The book “Public Policy for an Inclusive Growth” (The book) is an opportune and fortunate document. It is opportune because it is presented at a time in which public policy topics are subject to a wide debate in Mexico, and the discussion is fed with diverse points of view, theoretical and political, from which it is the purpose to analyze, design, redesign, implement, and evaluate the government...

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Mexican Government’s Banks offer loan guarantees to private banks in order to spur credit directed to non-financial small and medium sized firms and this policy is examined here. Application of representative data to the comparative static analysis of the guarantee-use decision suggests that these schemes, as currently designed, are justifiable from an economic viewpoint. However, there is some...

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