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Common factors in Latin America's business cycles /

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 bus...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Aiolfi, Marco (Autor), Catão, Luis (Autor), Timmermann, Allan (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, Research Dept., ©2006.
Colección:IMF working paper ; WP/06/49.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Aiolfi, Marco,  |e author. 
245 1 0 |a Common factors in Latin America's business cycles /  |c Marco Aiolfi, Luis Catão, Allan Timmermann. 
260 |a Washington, D.C. :  |b International Monetary Fund, Research Dept.,  |c ©2006. 
300 |a 1 online resource (62 pages) :  |b illustrations 
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490 1 |a IMF working paper ;  |v WP/06/49 
504 |a Includes bibliographical references. 
588 0 |a Print version record. 
520 |a 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. 
505 0 |a I. INTRODUCTION; II. ECONOMETRIC FRAMEWORK; III. NEW BUSINESS CYCLE INDICES FOR LATIN AMERICA; IV. STYLIZED BUSINESS CYCLE FACTS; V. CONCLUSIONS; REFERENCES. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Business cycles  |z Latin America  |x Econometric models. 
650 0 |a Business forescasting  |z Latin America. 
650 6 |a Cycles économiques  |z Amérique latine  |x Modèles économétriques. 
650 7 |a Business cycles  |x Econometric models  |2 fast 
651 7 |a Latin America  |2 fast 
700 1 |a Catão, Luis,  |e author. 
700 1 |a Timmermann, Allan,  |e author. 
710 2 |a International Monetary Fund.  |b Research Department. 
758 |i has work:  |a Common factors in Latin America's business cycles (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCFxgxjc9JbtkYYFhTHbKMK  |4 https://id.oclc.org/worldcat/ontology/hasWork 
830 0 |a IMF working paper ;  |v WP/06/49. 
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