Latin American cycles: Has anything changed after the Great Recession?
- Referencia: Camacho, M y Palmieri, G.: “Latin American cycles: Has anything changed after the Great Recession?”. 2017, Emerging Markets Finance and Trade, 53: 1170-1183.. DOI: doi.org/10.1080/1540496X.2016.1163259
This paper analyzes the evolution of growth cycles and business cycles in Latin America from 1980 to 2013 by using monthly industrial production. Focusing on both synchronization and other cyclical features, we find evidence of significant cyclical links between the countries of the region, which seem to be highly integrated in this period. Notably, we find that the Great Recession did not lead to any significant impact on the preexisting Latin American cyclical linkages.