This article empirically analyses real per capita GDP growth for six Latin American countries (Argentina, Brazil, Chile, Columbia, Mexico, Venezuela) in terms of real exchange rate depreciations, inflation and US interest rates, focussing on the role of the real exchange rate. We find evidence...

We study affiliations for the countries of the European Economic and Monetary Union (EMU) with Germany and the USA, using various business cycle measures derived from quarterly real GDP. These measures are Hodrick-Prescott and Baxter-King filtered series and annual growth rates. By using rolling...

Several ways of modelling non-linear state space models have been suggested. The extended Kalman Filter is a tractable way of doing so. One application is to consumer durable demand. Models explaining this flow are normally conditioned on the stock. For the UK, measures of the stock are...