Expansions and contractions in Brazil, Colombia and Mexico: a view through non-linear models

Número: 
186
Publicado: 
Clasificación JEL: 
C22, C52
Palabras clave: 
Expansions, through non-linear models

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Luis E. Arango, Leonardo Bonilla-Mejía, Luz Adriana Flórez, Luis E. Arango
Julián Andrés Parra-Polanía, Constanza Martínez-Ventura

The study of the asymmetric behavior of macroeconomic variables over the business cycles phases has had a long tradition in economics. In this work we find evidence in favor of the hypothesis of having a STAR-type nonlinear asymmetric behavior of the econ