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

Gómez-González, José Eduardo; Ojeda-Joya, Jair N.; Tenjo-Galarza, Fernando; Zárate-Solano, Hector Manuel

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

Download

Borradores de Economía; No. 768

Date published

2013-06-04

Date

2013-06-04

Authors

Gómez-González, José Eduardo
Ojeda-Joya, Jair N.
Tenjo-Galarza, Fernando
Zárate-Solano, Hector Manuel

Document language

spa

Metrics

downloads: 0

abstract_views: 0

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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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