Classical business cycles in Latin America: Turning points, asimmetries and international synchronisation
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.
Volume (Year): 14 (1999)
Issue (Month): 2 ()
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