The interdependence between credit and real business cycles in latin american economies

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Borradores de Economía; No. 768
Date published
2013-06-04
Date of last update
2013-06-04
Author
Gómez-González, José Eduardo
Ojeda-Joya, Jair N.
Tenjo-Galarza, Fernando
Zárate-Solano, Hector Manuel
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
In this document we estimate credit and GDP cycles for three Latin-American economies and study their relation in the time and frequency domains. Cycles are estimated in order to analyze their medium and short-term frequencies. We find that short-term cyc
JEL Codes
E32 - Business Fluctuations; CyclesC32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space ModelsE44 - Financial Markets and the Macroeconomy
Keywords
Short and medium-term cycles ; Frequency domain ; Granger causality ; Credit booms and crunches ; Recession ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5908
https://hdl.handle.net/20.500.12134/5908
https://doi.org/10.32468/be.768
https://ideas.repec.org/p/bdr/borrec/768.html
https://ideas.repec.org/p/col/000094/010833.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit