Gómez-González, José E.; Ojeda-Joya, Jair N.; … - In: Applied Economics Letters 21 (2014) 10, pp. 697-701
We estimate credit and GDP cycles for three Latin American economies and study their relation in the frequency domain. We compute coherence statistics between credit and GDP cycles and find that the highest correlations between these two cycles are obtained in medium-term frequencies. Spectral...