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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 ...
Foreign shocks and aggregate price fluctuations in a small commodity exporter economy
(2018-07-07)
This paper examines the role of foreign shocks on aggregate prices in the small net commodity exporter economy of Paraguay. I apply a bayesian methodology for variable choice in VARS and and find that foreign variables ...