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Business cycle implications of rising household credit market participation in emerging countries
(BCP, 2019-12-01)
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 ...
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 ...
Modelo de consistencia macroeconómica de la economía paraguaya
(Banco Central del Paraguay, 2011-01-02)