Working Papers
From Banco Central de Reserva del Perú
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- 2026-017: Efectos de los precios de commodities y factores macroeconómicos internos sobre la deuda pública: evidencia para Perú y Chile

- Ian Carrasco, Juan Celi and Juan Sánchez
- 2026-016: How Much Does Monetary Policy Affect the Fiscal Multipliers in a Small and Open Economy? Evidence from Peru

- Alexander Meléndez
- 2026-015: The Liquidity Premium Channel of Monetary Policy

- Piero Garcia
- 2026-014: El costo educativo de un desastre natural: evidencia del terremoto de Pisco de 2007

- Mario Huarancca and Maria Rita Huarancca
- 2026-013: Una nueva medida de competitividad en el comercio internacional: Tipo de Cambio Real por Competidores

- Bruno Gonzaga and Carmen Rojas
- 2026-012: Can Metadata Guide Variable Selection for Macroeconomic Forecasting?

- Andrew R Garcia and Marco Vega
- 2026-011: Expectativas fiscales y costo de financiamiento soberano: evidencia para América Latina

- Diego Mamani-Arpasi and Juan Celi
- 2026-010: Interoperability, Payment Substitution, and Household Financial Fragility

- Denys Casiano Inga
- 2026-009: La Diversificación Productiva en el Perú: Evidencia Multidimensional

- Nikita Cespedes Reynaga, Lourdes Alvarez and Ruben Yanayaco
- 2026-008: Global Uncertainty Shocks and Their Effects on LATAM Financial Markets and the Aggregate Economy

- Fernando Pérez Forero
- 2026-007: Asymmetries and Non-linearities in the Exchange Rate Pass-Through to Inflation – Evidence for Peru

- Fernando Pérez Forero
- 2026-006: ¿Amortiguadores o amplificadores? Evidencia microeconómica sobre el rol de los inventarios en la producción peruana

- Bruno Gonzaga and Diego Mamani-Arpasi
- 2026-005: Productividad Total de Factores y Eficiencia en la asignación de recursos: Perú 2011-2019

- Manuel Ruiz
- 2026-004: Determinants of Current Account Dynamics: Simulation and Estimation of DSGE Models with a Bayesian Approach

- Diego Winkelried, Nicolás Butrón and Carmen Rojas
- 2026-003: Nowcasting GDP using data revisions in an emerging economy

- Diego Winkelried, Jason Cruz and Javier Torres
- 2026-002: The Macroeconomic Effects of Economic Policy Uncertainty in Peru: Evidence from a News-Based Index

- Luis Gonzalo Llosa, Sergio Serván and Jeanpierre Flores
- 2026-001: Seen and Unseen: NAIRU, informal labor market and talking points for monetary policy

- César Carrera and Marko Razzo
- 2025-026: Hiperinflación y estabilización: El caso del Perú 1988-1992

- Adrián Armas Rivas and Zenón Quispe Misaico
- 2025-025: ¿Cuán no lineal es la curva de Phillips de Perú?

- MarcoVega and Andrew Garcia
- 2025-024: Economic Uncertainty from Business Tendency Surveys: The Peruvian case

- Ana Paola Gutierrez, Luis-Gonzalo Llosa and Juan José Tang
- 2025-023: Banks and the Marginal Propensity to Lend in General Equilibrium

- Angel Fernández Rojas
- 2025-022: Efectos distributivos de la inflación

- Nikita Cespedes Reynaga and Mario Huarancca Bellido
- 2025-021: Un modelo bancario con pagos digitales

- Angel Fernández Rojas and Zenon Quispe Misaico
- 2025-020: Heterogeneity, Production Networks and the Economic Impact of Weather Shocks

- Christian Velasquez
- 2025-019: Policy interest rate expectations and the behavior of the interbank money market

- Piero Garcia, Jorge Pozo and Rafael Velarde
- 2025-018: Macroeconomic Effects of the Minimum Wage in an Emerging Economy with Labor Informality

- Oscar Avila-Montealegre, Juan J. OspinaTejeiro, Anderson Grajales-Olarte and Mario Ramos-Veloza
- 2025-017: The Impact of the Uncertainty in Bank Lending Standards

- César Salinas
- 2025-016: Regional Inflation Spillovers and Monetary Policy Design: Evidence from Peru's Successful InflationTargeting Framework

- Jose Aguilar and Ricardo Quineche
- 2025-015: Recent Tax Reforms in Peru: A Macro-Sectoral Assessment Using a Dynamic Computable General Equilibrium Model

- Lourdes Alvarez and Braulio Escobar
- 2025-014: Liquidity Regulation and the LCR Premium: Evidence from Repo Market Dynamics in Peru

- Delia Ruiz, Diego Franco and Walter Cuba
- 2025-013: The Impact of Deposit Dollarization on Credit Dollarization: Evidence of Natural Hedging and Excessive Risk-Taking Channels

- Jorge Pozo
- 2025-012: The Economic Footprint of Natural Disasters: Demand-side or supply-side forces?

- Jorge Pozo and Youel Rojas
- 2025-011: Dynamic Relationship between Credit and Economic Growth

- Nicolás Butrón and Jorge Pozo
- 2025-010: On the Dynamics of Mental Health

- Diego Ascarza-Mendoza and Christian Velasquez
- 2025-009: El muy prolongado viaje al trabajo en Perú

- Nikita Céspedes-Reynaga
- 2025-008: Economic Activity, Inflation, and Monetary Policy after Extreme Weather Events: ENSO and its Economic Impact on the Peruvian Economy

- John Aguirre, Alan Ledesma Arista, Fernando Pérez Forero and Youel Rojas
- 2025-007: Financial Institutions and Climate Shocks: Pre-emptive vs. Reactive Lending Adjustments in the Case of El Niño

- Viktoria Vidahazy, Gerald Alex Cisneros Rojas and Alvaro Alejandro Hinostroza Lamilla
- 2025-006: Adoption and welfare effects of payment innovations: The case of digital wallets in Peru

- Arturo Andia, Jose Aurazo and Marcelo Paliza
- 2025-005: ¿La Inflación en el Perú Presenta una Dinámica Asimétrica?: Un Enfoque Cuantílico

- Jose Aguilar, Romina Garibay and Ricardo Quineche
- 2025-004: Natural events in Peru: A multidimensional analysis

- Jhonatan Vicuña, Maria Fe García and Renzo Castellares
- 2025-003: Diseño e Implementación del Piloto de CBDC Minorista en Perú

- Milton Vega, Elmer Sánchez León and Arturo Andia
- 2025-002: El Programa Reactiva y sus efectos reales en las empresas peruanas

- Nikita Céspedes-Reynaga and Lesly Gonzales-Berrocal
- 2025-001: The Effects of Business Credit Support Programs: Evidence from a Regression Discontinuity Design

- Balila Acurio and Alessandro Tomarchio
- 2024-024: Terms of Trade and Small Open Economies Business Cycles: The role of Global Shocks

- Christian Velasquez
- 2024-023: Work from home and labor market outcomes in developing economies

- Nikita Céspedes-Reynaga
- 2024-022: Ciclos Crediticios en el Perú

- Cristian Alcaraz, Miguel Cabello and Rafael Nivin
- 2024-021: Dissecting The Risk-Taking Channel of Monetary Policy: A New Approach and Evidence from Peru

- Jorge Pozo and Youel Rojas
- 2024-020: Competencia Fintech en el mercado minorista de cambio de divisas

- Alvaro Hinostroza and David Ramírez
- 2024-019: Nowcasting Peruvian GDP with Machine Learning Methods

- Jairo Flores Audante, Bruno Gonzaga, Walter Ruelas-Huanca and Juan Tang
- 2024-018: Monetary Policy, Bank Heterogeneity and the Marginal Propensity to Lend

- Angel Fernández Rojas