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NAFTA on the income gap between Mexico and the United States. To deal with the big-events little- time problem, we apply two … United States and Mexico.20 We do this recursively to test for any structural change in the equilibrium condition between U … crisis temporarily interrupted a process of economic convergence, which resumed after 1995. Convergence after Mexico´s trade …
Persistent link: https://www.econbiz.de/10009021353
Persistent link: https://www.econbiz.de/10005037349
We analyze the impact of economic crises on mortality in Mexico. Identification of that effect is difficult because the … crisis sent us back to 2001 infant mortality levels, reversing Mexico's progress to attain that MDG. …
Persistent link: https://www.econbiz.de/10008861809
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10011163120
business cycles and heart disease in Mexico using a unique state-level dataset of 512 observations consisting of real GDP and …
Persistent link: https://www.econbiz.de/10010783796
This paper identifies and describes key features of Caribbean business cycles during the period 1963-2003. In particular, the chronologies in the Caribbean classical cycle (expansions and contractions in the level of output) and growth cycle (periods of above-trend and below-trend rates of...
Persistent link: https://www.econbiz.de/10005769243
We propose the method of eigenvalue filtering as a new tool to extract time series subcomponents (such as business-cycle or irregular) defined by properties of the underlying eigenvalues. We logically extend the Beveridge-Nelson decomposition of the VAR time-series models focusing on the...
Persistent link: https://www.econbiz.de/10005162924
Time series on economic activity in developing countries, in particular real GDP, are reported with important lags. Therefore, it is useful to construct indicators that coincide or lead the actual direction and level of economic activity. A general methodology to construct these indicators is...
Persistent link: https://www.econbiz.de/10005604906
The analysis of coincident and leading indicators can help policymakers gauge the short-term direction of economic activity. While such analysis is well established in advanced economies, it has received relatively little attention in many emerging market and developing economies, reflecting in...
Persistent link: https://www.econbiz.de/10005605176
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...
Persistent link: https://www.econbiz.de/10005605356