Common Factors in Latin America's Business Cycles:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Timmermann, Allan (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2006
Schriftenreihe:IMF Working Papers Working Paper No. 06/49
Links:http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
http://elibrary.imf.org/view/IMF001/01297-9781451863093/01297-9781451863093/01297-9781451863093.xml
Abstract:This paper constructs new business cycle indices for Argentina, Brazil, Chile, and Mexico based on common dynamic factors extracted from a comprehensive set of sectoral output, external data, and fiscal and financial variables spanning over a century. The constructed indices are used to derive a business cycle chronology for these countries and characterize a set of new stylized facts. In particular, we show that all four countries have historically displayed a striking combination of high business cycle and persistence relative to benchmark countries, and that such volatility has been time-varying, with important differences across policy regimes. We also uncover a sizeable common factor across the four economies which has greatly limited scope for regional risk sharing
Umfang:1 Online-Ressource (64 p)
ISBN:1451863098
9781451863093