## Guatemala: Selected Issues

_IMF Staff Country Reports, August 5, 2024_

## Source details

**Canonical URL:** [Guatemala: Selected Issues](https://www.imf.org/en/publications/cr/issues/2024/08/02/guatemala-selected-issues-552891)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/08/02/guatemala-selected-issues-552891/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/08/02/guatemala-selected-issues-552891/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/08/02/guatemala-selected-issues-552891/bundle-manifest.json)

## Bibliographic details
- Published: August 5, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400287459.002

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### Overview and objective
- Explores effects of social unrest in Guatemala.
- Period analyzed: 2001 to 2023.
- Measure of social unrest used: monthly Reported Social Unrest Index.

### Methodology
- Empirical model estimated on monthly data to identify effects of unrest episodes at higher frequencies than many cross-country studies.
- Controls: an extensive set, including controls for future social unrest shocks autocorrelations.

### Key findings and statistics
- Estimations suggest no effects of social unrest episodes on the main external sector variables.
- Empirical evidence suggests little to no impact of social unrest in Guatemala.
- Contrary to Hadzi-Vaskov et al. (2023), effects on the real, monetary, financial, and external sectors are characterized as mild, limited, and temporary if not negligible.
- Results suggest that Guatemala is resilient to unrest shocks at business-cycle frequencies, even of considerable magnitude.
- Results are robust to different specifications.

### Robustness and limitations
- Strength: exploiting monthly data allows disentangling unrest episode effects at higher frequencies.
- Limitation: lack of cross-country dimensionality in the analysis.

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## Content in this bundle

- **Guatemala: Selected Issues; IMF Country Report No. 24/267; July 8, 2024**
  - [Guatemala: Selected Issues; IMF Country Report No. 24/267; July 8, 2024 (Markdown version)](/-/media/files/publications/cr/2024/english/1gtmea2024002-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Guatemala: Selected Issues; IMF Country Report No. 24/267; July 8, 2024 (PDF)](/-/media/files/publications/cr/2024/english/1gtmea2024002-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2024/08/02/guatemala-selected-issues-552891_