Business cycles are analysed according to the traditional methodology proposed by Kydland and Prescott (1990) to define stylised facts for the Mexican case. Previous studies are extended by using alternative filters for removing trends, using a larger variables set of monthly data and also...

By using the methodology of Bry and Boschan (1971), this work proposes precise dates for the business cycles occurred in Colombia between 1980 and 2007 identifying the phases of boom and slump. During the sample period, five complete cycles were detected, which happened to be asymmetric such as...