Browsing Documentos de Trabajo by Issue Date
Now showing items 21-27 of 27
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Foreign shocks and aggregate price fluctuations in a small commodity exporter economy
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 ...Documentos de Trabajo. 2018-07-07
Documento de Trabajo; N° 21 -
Comparing exchange rate forecastability: the Paraguay case
Forecasting exchange rates is a very difficult task. Since Meese and Rogoff’s (1983) results showed that no model could outperform a driftless random walk in predicting exchange rates, there have been many papers which ...Documentos de Trabajo. 2019-07-01
Documento de Trabajo; N° 22 -
Agricultural composition and labor productivity
Labor productivity differences between developing and developed countries are much larger in agriculture than in non-agriculture. We show that cross-country differences in agricultural composition explain a substantial ...Documentos de Trabajo. 2019-10-06
Documento de Trabajo; N° 23 -
Business cycle implications of rising household credit market participation in emerging countries
A small open emerging-economy model is extended with a household sector financial constraint to investigate business cycle implications of a rise in household access and use of financial services. Estimating the model on ...Documentos de Trabajo. 2019-12-01
Documento de Trabajo; N° 24 -
Do Divisia monetary aggregates help forecast exchange rates in a negative interest rate environment?
This paper contributes to the literature as the first work of its kind to examine the role and importance of Divisia monetary aggregates and concomitant user cost price indices as superior monetary policy fore casting ...Documentos de Trabajo. 2021-08-02
Documento de Trabajo; N° 25 -
Moneda digital del banco central: implicancias para la estabilidad financiera y la política monetaria en Paraguay
El presente documento analiza las implicancias económicas de introducir una moneda digital del banco central (CBDC por sus siglas en inglés) en Paraguay. Para ello, primeramente, se hace una descripción de los posibles ...Documentos de Trabajo. 2022-05-18
Documento de Trabajo; N° 27 -
The effect of minimum wage on consumer bankruptcy
En el estudio, se utilizan las diferencias en los niveles de salario mínimo (MW, por sus siglas en inglés) fijado por los estados y las tasas de bancarrota de consumidores a nivel de condado de 1991 a 2017. Con estos datos, ...Documentos de Trabajo. 2021-12-30
Documento de Trabajo; N° 26