Colombian economy has the typical small-open economy cycle: smooth consumption, higher volatility in investment ; procyclical consumption, investment and imports; countercyclical trade balance. The objective of this paper is to identify the stylized facts and to replicate them quantitative and...

This paper presents a univariate model that analyzes systematic changes in the behavior of the business cycle in the Dominican Republic, capturing changes in average growth and identifying differences between contractions and expansions with respect to their persistence and duration. To do so,...

In this paper we construct real activity composite indicators for service, industry and agricultural sectors, using of principal components analysis. The proposed indicators are the result of the first principal component that summarizes the common movements shared by the series of each sector....

En esta investigación se describe los hechos estilizados de los ciclos sectoriales de los negocios privados en el Perú desde inicios de los 90s. Las reformas estructurales deberían reflejarse en una mayor integración productiva generada por un proceso de formación de complementariedades...

En los sistemas de industrias de productos simples y capital circulante sin recursos naturales, elaborados en el marco de la teoría clásica del valor, las tasas de ganancia, uniformes o no, pueden ser interpretadas en términos físicos, y los precios satisfacen tanto las condiciones de...

En este trabajo se emplea un modelo de equilibrio general dinámico estocástico, en el que las distorsiones estocásticas afectan la productividad doméstica. El modelo para una economía pequeña y abierta es calibrado para Colombia logrando obtener algunas regularidades de los ciclos...

This paper provides a description of some of the empirical regularities for the Mexican business cycle. The purpose is to have a benchmark for assessing dynamic stochastic general equilibrium models for the Mexican case. We follow the Kydland and Prescott methodology to describe the cyclical...

This paper provides a description of some of the empirical regularities for the Mexican business cycle. The purpose is to have a benchmark for assessing dynamic stochastic general equilibrium models for the Mexican case. We follow the Kydland and Prescott methodology to describe the cyclical...

This paper provides a description of some of the empirical regularities for the Mexican business cycle. The purpose is to have a benchmark for assessing dynamic stochastic general equilibrium models for the Mexican case. We follow the Kydland and Prescott methodology to describe the cyclical...

El articulo examina los problemas de expectativas que pueden originar fallas en la coordinacion de planes intertemporales y las politicas dirigidas a prevenir o aliviar esas perturbaciones. Analiza, en materia fiscal, la evaluacion que hace el sector publico de su restriccion presupuestaria...