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

Borradores de Economia
Number: 
915
DOI: 
http://doi.org/10.32468/be.915
Published: 
Classification JEL: 
E32, F41, F44
Download document

The most recent

Reading Between the Lines: A Quantitative Analysis of Colombia’s Central Bank Minutes
Pedro Pablo Calderon-Camacho, Celina Gaitán-Maldonado, Nicolle Valentina Herrera-Pinto, Mario A. Ramos-Veloza
Inflation Drivers in Colombia: A Hemisphere Neural Network Approach
Franky Juliano Galeano-Ramírez, Nicolás Martínez-Cortés, Hernán Dario Perdomo-Sánchez, Marlon Salazar
Tax reforms and the labor market in an emerging market economy
Catalina Granda-Carvajal, Jesús Enrique Morales-Piñero

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