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Taking the business cycle´s pulse to some Latin American economies: Is there a rhythmical beat?

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  • Alejandro D. Jacobo

    (Universidad Nacional de Córdoba)

Abstract

The paper deals with the macroeconomic behavior of Argentina, Bolivia, Brazil, Chile, Paraguay and Uruguay for the period 1970-1997. Its aim is twofold. First, to determine whether their economic fluctuations followed a similar pattern according to their duration, intensity and timing. Second, to evaluate the demand and supply disturbances. The arhythmical beat among these economies in the past reveals that there is little point in trying to align macroeconomic policies, and the absence of an economic argument for a monetary union.

Suggested Citation

  • Alejandro D. Jacobo, 2002. "Taking the business cycle´s pulse to some Latin American economies: Is there a rhythmical beat?," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 17(2), pages 219-245.
    • Handle: RePEc:emx:esteco:v:17:y:2002:i:2:p:219-245
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/193/195
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    1. Hideaki Hirata & M. Ayhan Kose & Chris Otrok, "undated". "Regionalization vs. Globalization," Working Paper 164456, Harvard University OpenScholar.

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