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Now showing items 21-26 of 26
Do Divisia monetary aggregates help forecast exchange rates in a negative interest rate environment?
(Banco Central del Paraguay, 2021-08-02)
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 ...
Forecasting inflation with ANN models
(BCP, 2010-12-01)
In this research I investigate the alternative methodology of training artificial neural networks models with the early stopping procedure and I analyze their outcomes in terms of accuracy when forecasting monthly Paraguayan ...
The effect of minimum wage on consumer bankruptcy
We use cross-state differences in minimum wage levels (MW) and county-level consumer bankruptcy rates from 1991-2017 to estimate the effect of changes in minimum wages on consumer bankruptcy by exploiting policy discontinuities ...
Monetary policy in a small open economy: the case of Paraguay
(BCP, 2010-06-01)
The main motivation of this research work is that the Central Bank of Paraguay has announced a change in the current monetary policy objective based on the control of monetary aggregates, to an inflation targeting approach. ...
Agricultural composition and labor productivity
(BCP, 2019-10-06)
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 ...