Borradores de Economia
Número:
915
Publicado:
Clasificación JEL:
E32, F41, F44
Palabras clave:
emerging economies, business cycles, Commodity Prices, Common Factors
Lo más reciente
Leonardo Fabio Morales, Leonardo Bonilla-Mejía, Didier Hermida-Giraldo, Francisco Javier Lasso-Valderrama, José Pulido
Leonardo Fabio Morales, Juan Chaparro-Cardona, Eleonora Dávalos, Nataly Corredor-Martinez
Oscar Botero-Ramírez, Andrés Murcia, Hernando Vargas-Herrera
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