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Persistent link: https://www.econbiz.de/10012134730
This article analyses the 1989-2005 economic growth in the transitional economies in Europe and Central Asia, and signals factors that help to explain the differences in outcome. An econometric analysis finds prominent indices of property rights, corruption, economic freedom, tax incidence and...
Persistent link: https://www.econbiz.de/10005817052
Mexico was between 3.7 and 4.3 per cent. The economic cycles experienced in Mexico are characterized, and its recessions and … expansions are dated. During 1980-2007 economic recessions and expansions lasted on average 7.0 and 13.3 quarters, respectively …; that means recessions in Mexico are 121.1 per cent longer than in the US, while expansions are 46.8 per cent shorter. As a …
Persistent link: https://www.econbiz.de/10008515145
In this paper we analyze the synchronization between the business cycles of US and Mexican regions. Regional economic activity in Mexico is measured using regional coincident indexes recently developed at Banco de México, while US aggregate economic activity is measured with the national...
Persistent link: https://www.econbiz.de/10010322545
This paper provides a description of some of the empirical regularities for the Mexican business cycle. The purpose is to have a benchmark for assessing dynamic stochastic general equilibrium models for the Mexican case. We follow the Kydland and Prescott methodology to describe the cyclical...
Persistent link: https://www.econbiz.de/10010322570
After the outbreak of the COVID-19 pandemic, most economic indicators experienced an increase in the observed volatility, which reduced the accuracy of nowcasting models. In this paper, we present a revision of the Spain-STING model – one of the tools used by the Banco de España to nowcast...
Persistent link: https://www.econbiz.de/10014502637
Since 2006, Bolivia began an intensive public investment program under its development plan. Fourteen years later, I analyze the role of this expansionary fiscal policy. In this regard, I develop a Dynamic Stochastic General Equilibrium Model for a small, open and developing country. Among the...
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