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Classical business cycles in Latin America: Turning points, asimmetries and international synchronisation

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  • Pablo Mejía-Reyes

    (El Colegio Mexiquense, University of Manchester)

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    Abstract

    A classical business cycles approach is applied to study turning points, asymmetries and international synchronization of business cycle regimes (expansion/recession) for several Latin American countries. The results suggest that recessions are characterized by deeper change, less persistence, and greater volatility than expansions. However, existing evidence about intra-regional economic transactions suggests that these associations might be explained by similar economic policies and common external shocks.

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    File URL: http://codex.colmex.mx:8991/exlibris/aleph/a18_1/apache_media/89PE77VHFG37G13RN1LVTV4DHL9I5T.pdf
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    Bibliographic Info

    Article provided by El Colegio de México, Centro de Estudios Económicos in its journal Estudios Económicos.

    Volume (Year): 14 (1999)
    Issue (Month): 2 ()
    Pages: 265-297

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    Handle: RePEc:emx:esteco:v:14:y:1999:i:2:p:265-297

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    Web page: http://www.colmex.mx/centros/cee/
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    Cited by:
    1. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2010. "Recessions and Financial Disruptions in Emerging Markets: A Bird´s Eye View," Working Papers Central Bank of Chile 585, Central Bank of Chile.
    2. Luciana Juvenal & Rodolphe Blavy, 2008. "Mexico'S Integration Into Nafta Markets," IMF Working Papers 08/123, International Monetary Fund.

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