Oct 2019
Author(s): Carrillo Maldonado, Paul A.; Díaz Cassou, Javier
This paper applies an agnostic structural vector autoregression (SVAR) approach to study the response of four Andean economies (Bolivia, Colombia, Ecuador, and Peru) to international shocks. More…
Sep 2019
Author(s): Heresi, Rodrigo
This paper investigates how low-frequency commodity price fluctuations trigger a reallocation process that endogenously generates a decline in manufacturing productivity. I build a model in which…
Apr 2019
Author(s): Ayres, João; Hevia, Constantino; Nicolini, Juan Pablo
In this paper, we show that a substantial fraction of the volatility of real exchange rates between developed economies such as Germany, Japan, and the United Kingdom against the US dollar can be…
Jun 2016
Author(s): Covindassamy, Genevre; Robe, Michel A.; Wallen, Jonathan
We investigate empirically the factors related to price uncertainty in the markets for two key Central American commodities: coffee and sugar (“softs”). Specifically, we analyze the predictive power…