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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)

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.

Suggested Citation

  • Pablo Mejía-Reyes, 1999. "Classical business cycles in Latin America: Turning points, asimmetries and international synchronisation," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 14(2), pages 265-297.
  • Handle: RePEc:emx:esteco:v:14:y:1999:i:2:p:265-297
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    Cited by:

    1. Luciana Juvenal & Rodolphe Blavy, 2008. "Mexico’s Integration into NAFTA Markets; A View from Sectoral Real Exchange Rates and Transaction Costs," IMF Working Papers 08/123, International Monetary Fund.
    2. David Jose Jaume, 2017. "The Labor Market Effects of an Educational Expansion. A Theoretical Model with Applications to Brazil," 2017 Papers pja468, Job Market Papers.
    3. Marcelle Chauvet & Elcyon C. R. Lima & Brisne Vasquez, 2015. "Forecasting Brazilian Output in Real Time in the Presence of breaks: a Comparison Of Linear and Nonlinear Models," Discussion Papers 0118, Instituto de Pesquisa Econômica Aplicada - IPEA.
    4. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011. "Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View," Central Banking, Analysis, and Economic Policies Book Series,in: Luis Felipe Céspedes & Roberto Chang & Diego Saravia (ed.), Monetary Policy under Financial Turbulence, edition 1, volume 16, chapter 4, pages 059-104 Central Bank of Chile.

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