Taking the business cycle´s pulse to some Latin American economies: Is there a rhythmical beat?
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.
Volume (Year): 17 (2002)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.colmex.mx/centros/cee/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mena, Hugo, 1995. "Pushing the Sisyphean Boulder? Macroeconometric Testing in Latin American Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 41(1), pages 81-99, March.
- Eichengreen, Barry, 1993. "European Monetary Unification," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1321-1357, September.
- Sterne, Gabriel & Bayoumi, Tamim, 1995.
"Temporary Cycles or Volatile Trends? Economic Fluctuations in 21 OECD Economies,"
The Manchester School of Economic & Social Studies,
University of Manchester, vol. 63(1), pages 23-51, March.
- Gabriel Sterne & Tamim Bayoumi, 1993. "Temporary cycles or volatile trends? Economic fluctuations in 21 OECD economies," Bank of England working papers 13, Bank of England.
- Olivier Jean Blanchard & Danny Quah, 1988.
"The Dynamic Effects of Aggregate Demand and Supply Disturbances,"
NBER Working Papers
2737, National Bureau of Economic Research, Inc.
- Blanchard, Olivier Jean & Quah, Danny, 1989. "The Dynamic Effects of Aggregate Demand and Supply Disturbances," American Economic Review, American Economic Association, vol. 79(4), pages 655-673, September.
- Olivier Jean Blanchard & Danny Quah, 1988. "The Dynamic Effects of Aggregate Demand and Supply Disturbance," Working papers 497, Massachusetts Institute of Technology (MIT), Department of Economics.
- Matthew D. Shapiro & Mark W. Watson, 1988.
"Sources of Business Cycle Fluctuations,"
Cowles Foundation Discussion Papers
870, Cowles Foundation for Research in Economics, Yale University.
- Jorge Carrera & Mariano Féliz & Demian Panigo, 1999. "Una medición de los canales de transmisión de las fluctuaciones económicas. El caso de Argentina y los Estados Unidos," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0(4), pages 77-118.
- Karras, Georgios, 1993. "Sources of U.S. macroeconomic fluctuations: 1973-1989," Journal of Macroeconomics, Elsevier, vol. 15(1), pages 47-68.
- Fiorito, Riccardo & Kollintzas, Tryphon, 1994.
"Stylized facts of business cycles in the G7 from a real business cycles perspective,"
European Economic Review,
Elsevier, vol. 38(2), pages 235-269, February.
- Fiorito, Riccardo & Kollintzas, Tryphon, 1992. "Stylized Facts of Business Cycles in the G7 from a Real Business Cycles Perspective," CEPR Discussion Papers 681, C.E.P.R. Discussion Papers.
- Agenor, Pierre-Richard & McDermott, C John & Prasad, Eswar S, 2000.
"Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts,"
World Bank Economic Review,
World Bank Group, vol. 14(2), pages 251-285, May.
- C. John McDermott & Eswar S Prasad & Pierre-Richard AgÃ©nor, 1999. "Macroeconomic Fluctuations in Developing Countries; Some Stylized Facts," IMF Working Papers 99/35, .
- Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
- Funke, Michael, 1997. "How important are demand and supply shocks in explaining German business cycles?: New evidence on an old debate," Economic Modelling, Elsevier, vol. 14(1), pages 11-37, January.
- Thomas M Fullerton Jr & Eiichi Araki, 2004. "New Directions in Latin American Macroeconometrics," Development and Comp Systems 0408002, EconWPA.
When requesting a correction, please mention this item's handle: RePEc:emx:esteco:v:17:y:2002:i:2:p:219-245. See general 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: (Rocío Contreras)
If references are entirely missing, you can add them using this form.