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Sharing a ride on the commodities roller coaster : common factors in business cycles of emerging economies

Andrés
Fernández
Andrés
González
Diego Arturo
Rodríguez-Guzmán
Domingo, 1 Noviembre 2015

Fluctuations in commodity prices are an important driver of business cycles in small emerging market economies (EMEs). We document how these fluctuations correlate strongly with the business cycle in EMEs. We then embed a commodity sector into a multi-co