Searcher
Arnulfo Rodríguez
Arnulfo Rodríguez
BBVA Research - Principal Economist

Arnulfo Rodriguez is a Senior Economist at BBVA Research since 2012. As a professional economist, Arnulfo has analyzed various macroeconomic, financial, regional and sectoral issues related to the Mexican economy.


Between 2004 and 2011 Arnulfo worked for the Central Bank of Mexico as an Economic Researcher. He has been a Professor at the Economics Department of CIDE in Mexico City, Assistant Instructor at the Economics Department of UT Austin and External Professor at St. Edward’s University in Austin, Texas.


He has published numerous papers in prestigious international academic journals like Computational Economics, Economics Letters and the Journal of Forecasting. Arnulfo came in third and second place in the Pensions National Prize organized by CONSAR and AMAFORE in 2007 and 2008, respectively.


He earned a B.A. in Electrical Engineering from the Monterrey Institute of Technology (ITESM), where he completed his studies with the support of a fellowship and graduated with the highest honors in 1995. Arnulfo also obtained a PhD degree in economics from The University of Texas at Austin in May 2004 with the dissertation “Essays on inflation forecast based rules, robust policies and sovereign debt.”

Latest publications

We will review our growth forecasts for 2024 and 2025 once the reform of the judicial system is known, which could have significant impacts on investment
The trade balance reversed its behavior of the end of last year and posted a deficit in the first quarter of 2024. Given the stylized fact that the trade balance shows a countercyclical behavior, this deficit reflects that the Mexican economy reassumed its growth path at the beginning of the year.
Tax revenue was MXN 8,922 million (0.03% of GDP) below budget since the excise taxes on fuels intake was below budget despite its real annual increment of 195.1% in 1Q24.