Campos, Luciano; Ruíz, Jesús - In: Journal of applied economics 25 (2022) 1, pp. 691-722
This paper investigates the evolution of business cycles synchronization in Latin America since the 1990ʹs. To do so, a … filtered by the US financial conditions index, which is considered a common component affecting business cycles in the region …. Additionally, a Markov switching model is estimated to identify regional recessions. Our findings indicate that business cycles …