Paraguay: Selected Issues Paper

February 20, 2015

Preview Citation

Format: Chicago

Paraguay: Selected Issues Paper, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Also available in: español

Summary

This Selected Issues paper analyzes the spillover effects of key external shocks on Paraguay. It presents an overview of Paraguay’s major economic and financial linkages with the rest world, and quantifies the spillover effects of key external factors on the Paraguayan economy, using a vector autoregression approach. The empirical results suggest that global shocks have a significant impact on Paraguay’s growth rate. The paper also highlights that output and exchange rate shocks stemming from Brazil and Argentina are also important, even after controlling for global factors.

Subject: Credit, Economic sectors, Fiscal consolidation, Fiscal policy, Informal economy, Informal employment, Labor, Money, PFM legal and regulatory frameworks, Public financial management (PFM)

Keywords: Caribbean, CR, Credit, Employment data, Expenditure, Firm, Fiscal consolidation, FRL deficit ceiling, GDP, Global, Government effectiveness, Informal economy, Informal employment, Intermediation cost, ISCR, Paraguay, Participation cost, PFM legal and regulatory frameworks, South America

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/038
Stock No:

1PRYEA2015002
ISBN:

9781498334600
ISSN:

1934-7685

Notes

Also Available in Spanish

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