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Working Papers N°454: Un Nuevo Marco para la Elaboración de los Programas de Impresión y Acuñación

Autor: Rómulo Chumacero , Claudio Pardo M.


Description

This paper presents alternative models for forecasting the demand for bills and coins of different denominations. When compared to the models often used, the root mean squared forecasting error is substantially reduced. The paper also develops a new framework to formulate the printing and minting programs by using density forecasts along with information on technological constraints and preferences of the policy maker.

Working Papers N°454: Un Nuevo Marco para la Elaboración de los Programas de Impresión y Acuñación
 
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