2014-09-042014-09-042014-09-042014-09-04https://repositorio.banrep.gov.co/handle/20.500.12134/6130The history of economic recessions has shown that every deep downturn has been accompanied by disruptions in the financial sector. Paradoxically, up until the financial world crisis of 2007-2009, little attention was given to macroeconomic and financial iPDFspaOpen AccessWorking PaperE32 - Business Fluctuations; CyclesE44 - Financial Markets and the MacroeconomyC38 - Classification Methods; Cluster Analysis; Principal Components; Factor AnalysisFrequency domainGranger causalityHierarchical clusteringCredit and out- put cycle interdependenceCiclos económicosCiclos de negociosCrisis financiera global, 2008-2009Causalidad de GrangerAcceso abiertoAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0C38 - Métodos de clasificación; Análisis cluster; Análisis de componentes principales; Análisis factorialE44 - Mercados financieros y macroeconomíaE32 - Fluctuaciones económicas; CiclosLas 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.https://hdl.handle.net/20.500.12134/6130