Are Business Cycles Different in Asia and Latin America?

Are Business Cycles Different in Asia and Latin America?
This paper compares business cycles in Asia and in Latin America using structural vector autoregression analysis with panel data. The evidence for countries in these regions suggests that (i) the main source of output fluctuations is supply shocks, even in the short run; (ii) the real exchange rate is driven mostly by fiscal shocks; and (iii)... READ MORE...

Publication date: January 1997
ISBN 9781451927313
$15.00

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