Stylized Facts of the International Business Cycle Relevant for the Chilean Economy
AbstractThis paper analyzes macroeconomic regularities in the main economic blocks (i.e., the U.S., Europe, and Japan) and describes the interaction between key variables of these groups and their relationship with relevant variables for the Chilean economy such as commodities prices, capital flows and sovereign spreads. Among the main findings are (i) U.S. GDP growth leads by two quarters the growth in Europe, Japan, and Latin America; (ii) high synchronization in both inflationary processes and monetary policies is observed; (iii) industrialized countries’ GDP growth leads movements in copper and oil prices, while the Chinese economy presents a high contemporaneous correlation with copper prices; (iv) the U.S. real exchange rate leads the price of commodities, and (v) higher capital flows to emerging markets and lower sovereign spreads lead economic growth in industrialized economies.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Central Bank of Chile in its journal Economía Chilena.
Volume (Year): 10 (2007)
Issue (Month): 1 (April)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudio Sepulveda).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.