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

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

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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