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This paper documents how informal employment in Mexico is countercyclical, lags the cycle and is negatively correlated … to formal employment. This contributes to explaining why total employment in Mexico displays low cyclicality and … formal and informal labor markets, and the model is calibrated to Mexico. The model performs well in terms of matching …
Persistent link: https://www.econbiz.de/10011286686
(Brazil, Chile, Colombia and Mexico) during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early …
Persistent link: https://www.econbiz.de/10011519079
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The present work applies several advanced spectral methods to the analysis of macroeconomic fluctuations in three countries of the European Union: Italy, The Netherlands, and the United Kingdom. We focus here in particular on singular-spectrum analysis (SSA), which provides valuable spatial and...
Persistent link: https://www.econbiz.de/10010225969
"One basic problem in business-cycle studies is how to deal with nonstationary time series. The market economy is an evolutionary system. Economic time series therefore contain stochastic components that are necessarily time dependent. Traditional methods of business cycle analysis, such as the...
Persistent link: https://www.econbiz.de/10002956724
"This paper considers the ability of simulated data from linear and nonlinear time-series models to reproduce features in U.S. real GDP data related to business cycle phases. We focus our analysis on a number of linear ARIMA models and nonlinear Markov-switching models. To determine the timing...
Persistent link: https://www.econbiz.de/10002421356
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