Central bank research hub - Series: Central Reserve Bank of Peru Working Papers

Papers by year: All | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2005

SFX Interventions, Financial Intermediation, and External Shocks in Emerging Economies

by Alex Carrasco , Rafael Nivín and David Florián

Paper: 2019-022, 01.12.2019
Corporate earnings sensitivity to FX volatility and currency exposure: evidence from Peru

by Alberto Humala

Paper: 2019-021, 01.12.2019

JEL: C33, C58, F31, G32
Cross-Border flows and the effect of Global Financial shocks in Latin America

by Fernando Pérez and Rocío Gondo

Paper: 2019-020, 01.12.2019

JEL: C23, E44, F21, F32
The Small Open Economy New-Keynesian Phillips Curve: Specification, Structural Breaks and Robustness

by Juan Aquino

Paper: 2019-019, 01.12.2019

JEL: C22, C51, E31
Capital Flows and Bank Risk-Taking

by Jorge Pozo

Paper: 2019-017, 01.12.2019

JEL: E44, F41, G01, G21, G28
Bank Risk-Taking in a Small Open Economy

by Jorge Pozo

Paper: 2019-016, 01.12.2019

JEL: E44, E52, F41, G01, G21, G28
Macroeconomic Macroeconomic Effects of Credit Deepening in Latin America.

by Eduardo Zilberman , Carlos Carvalho , Nilda Pasca and Laura Souza

Paper: 2019-013, 01.12.2019

JEL: E20, E44, E51
Measuring the output gap, potential output growth and natural interest rate from a semi-structural dynamic model for Peru.

by Luis Castillo and David Florián

Paper: 2019-012, 01.12.2019

JEL: C51, E32, E52
The economic legacy of General Velasco: Long-term consequences of interventionism.

by Marco Vega and Cesar Martinelli

Paper: 2019-010, 01.12.2019

JEL: E52, E58, E62
Consumption dynamics and the expectation channel in a Small Open Economy.

by César Carrera

Paper: 2019-008, 01.12.2019

JEL: F31, F41
Reducing Informality Using Two-Sided Incentives: Theory and Experiment

by Fernando Requejo and Francisco B. Galarza

Paper: 2019-003, 01.03.2019

Abstract

JEL: C93, E26, O17
Lending frictions and nominal rigidities: Implications for credit reallocation and TFP

by David Florián and Johanna L. Francis

Paper: 2019-002, 01.02.2019

JEL: E32, E44, E52, J64
Effects of a Mandatory Local Currency Pricing Law on the Exchange Rate Pass-Through

by Renzo Castellares and Hiroshi Toma

Paper: 2019-001, 01.01.2019

JEL: D04, D49
The Transmission of Exogenous Commodity and Oil Prices shocks to Latin America - A Panel VAR approach

by Fernando Pérez and Rocío Gondo

Paper: 2018-012, 01.12.2018

JEL: C11, C23, E44, E52, Q02
The Valuation Channel of External Adjustment in Small Open Economies

by Juan Carlos Aquino

Paper: 2018-011, 01.12.2018

JEL: F32
Nowcasting Peruvian GDP using Leading Indicators and Bayesian Variable Selection

by Fernando Pérez

Paper: 2018-010, 01.12.2018

JEL: E43, E51, E52, E58
Assessing the impact of credit de-dollarization measures in Peru

by Fernando Pérez , Rocío Gondo , Alex Contreras and Erick Oré

Paper: 2018-009, 01.12.2018

JEL: E58, G21, G28
Credit Booms in Commodity Exporters

by Miguel Saldarriaga

Paper: 2018-008, 01.12.2018

JEL: C23, E51, G01
Monetary and Fiscal History of Peru 1960-2010: Radical Policy Experiments, Inflation and Stabilization

by Marco Vega and César Martinelli

Paper: 2018-007, 16.11.2018
Competitive Environment and Financial Stability in the Peruvian Microfinance System

by Katia Huayta , Antonella Garcia and Narda Sotomayor

Paper: 2018-005, 16.11.2018

JEL: G21, L11, L22, L25
Measuring the Stance of Monetary Policy in a Time-Varying World

by Fernando Pérez-Forero

Paper: 2018-004, 01.04.2018

JEL: C11, E51, E52, E58
Anchoring of Inflation Expectations in Latin America

by James Yetman and Rocío Gondo

Paper: 2018-003, 01.04.2018

JEL: E31, E58
Monetary policy spillovers, global commodity prices and cooperation

by Marco Lombardi , Massimo Ferrari , Andrew Filardo and Carlos Montoro

Paper: 2018-002, 01.02.2018

JEL: E52, E61
Monetary policy operating procedures, lending frictions, and employment

by Chris Limnios , Carl Walsh and David Florián

Paper: 2018-001, 01.02.2018

JEL: E4, G21
Unit roots in real primary commodity prices? A meta-analysis of the Grilli and Yang data set

by Diego Winkelried

Paper: 2017-013, 01.12.2017

JEL: C12, C22, O13
Global spillovers and coordination of monetary and macroprudential policies in the Pacific Alliance economies

by Cesar Vasquez , Zenon Quispe , Donita Rodriguez and Hiroshi Toma

Paper: 2017-012, 01.12.2017
The Dynamics of Investment Projects: Evidence from Peru

by Marco Vega and Rocío Gondo

Paper: 2017-006, 01.06.2017

JEL: E43, E51, E52
Monetary Aggregates and Monetary Policy in Peru

by Erick Lahura

Paper: 2017-003, 01.06.2017

JEL: C32, E52, E58
Macroprudential Policies in Peru: The effects of Dynamics Provisioning and Conditional Reserve Requirements

by Miguel Cabello , José Lupú and Elías Minaya

Paper: 2017-002, 01.02.2017
How much is too much? The fiscal space in emerging market economies

by Karl Melgarejo , Carlos Montoro and Gustavo Ganiko

Paper: 2016-014, 01.12.2016

JEL: E62, H62, H63
Cyclical Fluctuations, Co-movement and the Role of External Shocks in Latin America

by Fernando Pérez Forero

Paper: 2016-013, 01.12.2016

JEL: C11, C33, E32
The dynamic response of the Current Account to Commodity Prices shocks in Mining and Non-mining exporting economies

by Fernando Pérez Forero and Sergio Serván

Paper: 2016-012, 01.12.2016

JEL: C11, C33, E32, F42
Mortgage Credit: Lending and Borrowing Constraints in a DSGE Framework

by Elmer Sánchez

Paper: 2016-009, 01.09.2016

JEL: E37, E44, E52
Foreign exchange intervention and monetary policy design: a market microstructure analysis

by Marco Ortiz and Carlos Montoro

Paper: 2016-008, 01.09.2016

JEL: E4, E5, F3, G15
Unemployment and Gross Credit Flows in a New Keynesian Framework

by David Florián and Johanna L. Francis

Paper: 2016-007, 01.09.2016

JEL: E32, E44, E52, J64
From the "Great Inflation" to the "Great Moderation" in Peru: A Time Varying Structural Vector Autoregressions Analysis

by Jimena Montoya , Ricardo Quineche and Paul Castillo

Paper: 2016-003, 01.04.2016

JEL: C15, C22, E23, E24, E31, E32, E47, E52, E58
De-dollarization of credit in Peru: the role of unconventional monetary policy tools

by Carlos Burga , Enrique Serrano , Paul Castillo and Hugo Vega

Paper: 2016-002, 01.04.2016

JEL: E52, E58, E61, G38
Contractual Imperfections and the Impact of Crises on Trade: Evidence from Industry-Level Data

by Jorge Salas and Renzo Castellares

Paper: 2016-001, 01.04.2016

JEL: F1, F41, G01, G32
Monetary policy, financial dollarization and agency costs

by Marco Vega

Paper: 2015-019, 01.01.2016

JEL: E31, E44, F41, G21
Comparing the Transmission of Monetary Policy Shocks in Latin America: A Hierarchical Panel VAR

by Fernando J. Pérez Forero

Paper: 2015-015, 31.12.2015

JEL: E43, E51, E52, E58
Foreign capital and economic growth in emerging markets: are foreign aid and foreign direct investment substitutes?

by César Salinas , Micaela Chuquilí and Diego Winkelried

Paper: 2015-014, 31.12.2015

JEL: F21, F35, O19, O40
Piecewise linear trends and cycles in primary commodity prices

by Diego Winkelried

Paper: 2015-012, 31.12.2015

JEL: C22, E30, O13, Q2
Asymmetric exchange rate pass-through: Evidence from Peru

by Marco Vega and Fernando J. Pérez Forero

Paper: 2015-011, 17.11.2015

JEL: C32, E31, F31
Competition and Quality Upgrading in Export Markets: The case of Peruvian Apparel Exports

by Renzo Castellares

Paper: 2015-010, 17.11.2015

JEL: F14, O14, O30
Calendar Effects in Latin American Stock Markets

by Diego Winkelried and Luis Antonio Iberico

Paper: 2015-008, 17.11.2015

JEL: C50, G10, G14, G15
Unit Roots, Flexible Trends and the Prebisch-Singer Hypothesis

by Diego Winkelried

Paper: 2015-007, 17.11.2015

JEL: C22, O13
Determinants of the Demand for Cash in Peru: A Non Linear Approach

by Juan Ramírez , Javier Pereda and José Luis Vásquez

Paper: 2015-006, 16.10.2015

JEL: E41, E51, E52
Stock market development and real economic activity in Peru

by Marco Vega and Erick Lahura

Paper: 2014-022, 29.12.2014

JEL: E23, G10
Tracking the Exchange Rate in Latin America

by César Carrera

Paper: 2014-020, 29.12.2014

JEL: F31, F41
The Dynamic Effects of Interest Rates and Reserve Requirements

by Fernando Pérez-Forero and Marco Vega

Paper: 2014-018, 29.12.2014

JEL: E43, E51, E52