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

Número: 
768
Publicado: 
Clasificación JEL: 
E32, E44, C32
Palabras clave: 
Short and Medium-Term Cycles, Frequency Domain, Granger Causality, Credit Booms and Crunches

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