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Commodity prices and business cycles in Paraguay
(2018-11-01)
Paraguay is a small open economy and net commodity exporter. The difference between commodity exports and imports has always been positive and remained on an upward trend since 1994. Net commodity exports scaled by GDP ...
Drought shocks and the Paraguayan macroeconomy: A Bayesian SVAR Analysis
(Banco Central del Paraguay, 2023-12)
Droughts pose a major threat for most countries around the globe due to spillover effects on the economy. A Bayesian structural vector autoregressive model estimates the impact of drought shocks on the real business cycle ...