Aiolfi, Marco; Catão, Luis A.V.; Timmermann, Allan - In: Journal of Development Economics 95 (2011) 2, pp. 212-228
We develop a common factor approach to reconstruct new business cycle indices for Argentina, Brazil, Chile, and Mexico ("LAC-4") from a new dataset spanning 135Â years. We establish the robustness of our indices through extensive testing and use them to explore business cycle properties in...
