Credit and business cycles : an empirical analysis in the frequency domain

Borradores de Economia
Número: 
843
Publicado: 
Clasificación JEL: 
E32, E44, C38
Palabras clave: 
Frequency Domain, Granger Causality, Hierarchical Clustering, Credit and Out- put Cycle Interdependence

Lo más reciente

Mario Andrés Ramos-Veloza, Sara Naranjo-Saldarriaga, José Pulido
Rocío Clara Alexandra Mora-Quiñones, Antonio José Orozco-Gallo, Dora Alicia Mora-Pérez

The history of economic recessions has shown that every deep downturn has been accompanied by disruptions in the financial sector. Paradoxically, up until the financial world crisis of 2007-2009, little attention was given to macroeconomic and financial i