The Interdependence between Credit and Real Business Cycles in Latin American Economies

Borradores de Economia
Number: 
768
Published: 
Classification JEL: 
E32, E44, C32
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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In this document we estimate credit and GDP cycles for three Latin-American economies and study their relation in the time and frequency domains. Cycles are estimated in order to analyze their medium and short-term frequencies. We find that short-term cyc