Business Cycles Accounting for Paraguay

This study investigates the role of domestic and external shocks in business cycle fluctuations in Paraguay during 1991–2012. Time-series methods and a structural model-based approach are used to conduct an integrated analysis of business cycles. F...

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Bibliographic Details
Main Authors:	Hnatkovska, Viktoria, Koehler-Geib, Friederike
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	MONETARY POLICY CAPITAL MARKETS PRODUCTION MARKET DISTORTIONS LAGS INTERNATIONAL CAPITAL FOREIGN INVESTORS INCOME INTEREST EXPECTATIONS ASSET PRICES INFLATIONARY EXPECTATIONS EMERGING ECONOMIES INTEREST RATE REAL GDP EXCHANGE DISCOUNT RATE INSURER LIQUIDITY DEVELOPING COUNTRIES EXPORTS MARGINAL PRODUCT POLITICAL ECONOMY DEVELOPING ECONOMIES PORTFOLIO FISCAL POLICY WORLD DEVELOPMENT INDICATORS WELFARE WORLD MARKETS VARIABLES DOMESTIC PRICE FACTORS OF PRODUCTION CAPITAL STOCK PRICE TAX INPUTS PAYMENTS WEALTH SAVING PUBLIC REGISTRY AGRICULTURAL OUTPUT TRENDS CENTRAL BANK DEVELOPMENT LABOR MARKET CAPITAL ALLOCATION FISCAL POLICIES INFLUENCE MARGINAL PRODUCTS VOLATILE ECONOMIES TRADE BALANCE TOTAL FACTOR PRODUCTIVITY SAVINGS PRODUCTION STRUCTURE DEVELOPMENT ECONOMICS LOW-INCOME COUNTRIES VOLATILITIES LOW INTEREST RATES INTEREST RATE SHOCK PRODUCTIVITY INTEREST RATES INTEREST RATE SHOCKS MIDDLE-INCOME ECONOMIES NATURAL DISASTERS NET EXPORTS DEBT FINANCIAL FLOWS OPEN ECONOMY REAL INTEREST RATE GLOBAL BUSINESS CAPITAL STOCKS INVENTORIES UTILITY AVERAGING GROSS DOMESTIC PRODUCT COMMODITY PRICE ECONOMIC RESEARCH TAXES INVESTMENT DECISIONS EQUITY INFLATION EXPECTATIONS INVESTORS PRODUCTIVITY GROWTH CONSUMPTION HUMAN CAPITAL CAPITAL WAGES VOLATILITY MARKET CONDITIONS FUTURE VALUE PRODUCTION FUNCTIONS CREDIT FORMAL ANALYSIS MACROECONOMICS DEMAND OUTPUT GAP UTILITY FUNCTION WORKING CAPITAL ECONOMIC FLUCTUATIONS ECONOMY AGRICULTURE CONSUMERS CAPITAL FLOWS PRICE FLUCTUATIONS TAX RATES SHARES FINANCIAL INFLOWS BENCHMARK ECONOMIC THEORY PAYROLL TAXES CREDIT BUREAU PRODUCTION FUNCTION ECONOMICS CAPITAL RETURNS OUTPUT PRICE MOVEMENTS ENFORCEMENT BUSINESS CYCLES ECONOMIC DEVELOPMENT TRADE LOW-INCOME ECONOMIES GDP GOODS THEORY EMERGING ECONOMY GROWTH RATE INVESTMENT SHARE DEVELOPING ECONOMY AUTOREGRESSION FINANCIAL MARKETS CAPITAL INFLOWS GINI COEFFICIENT ECONOMIC TIME SERIES NOMINAL INTEREST RATE RAPID GROWTH COMMODITIES EXCHANGE RATE AVERAGE PRODUCTIVITY COMMODITY PRICES OPEN ECONOMIES LIQUID ASSETS COMMODITY STICKY WAGES POSITIVE EFFECTS MIDDLE INCOME COUNTRIES SMALL ECONOMY GLOBAL ECONOMIC PROSPECTS PRICES DEVELOPMENT POLICY
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24577785/business-cycles-accounting-paraguay http://hdl.handle.net/10986/22157

Internet

http://documents.worldbank.org/curated/en/2015/06/24577785/business-cycles-accounting-paraguay
http://hdl.handle.net/10986/22157

Business Cycles Accounting for Paraguay

Internet

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