On August 10, 2016, the Central Bank of Paraguay hosted this workshop in Ascuncion. It was the latest in an ongoing series of workshops that have been taking place in a number of Latin American countries over the last year as part of the Becker Friedman Institute.’s project, “The Monetary and Fiscal History of Latin America.” This project examines the impact of past aggregate fiscal and monetary policies on the region’s poor growth performance.
During this session, economists and former policy makers gathered to review the economic history of Paraguay within a common theoretical framework followed by teams of economists studying historical data and policies in the nine largest Latin American economies. The objective of the event is to get significant feedback from prominent economists and policymakers on the work undertaken by project members from Paraguay so far.
Carlos Javier Charotti, project leader of the Paraguayan case, presented his work the theoretical framework to analyzing the monetary and fiscal history of Paraguay from 1962 to the present. Charotti divided his discussion of the modern economic history of Paraguay into four periods.
After his presentation, prominent Paraguayan economists joined in a discussion of every period. Authorities from the Minister of Finance and the Central Bank of Paraguay led each session.