Timmermann, Allan; Catão, Luis; Aiolfi, Marco - International Monetary Fund (IMF) - 2006
This paper constructs new business cycle indices for Argentina, Brazil, Chile, and Mexico based on common dynamic … a century. The constructed indices are used to derive a business cycle chronology for these countries and characterize a … combination of high business cycle and persistence relative to benchmark countries, and that such volatility has been time …