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Business cycle dynamics in a small open economy

Valerie Cerra and Sweta C. Saxena

Applied Economics Letters, 2008, vol. 15, issue 15, pages 1153-1157

Abstract: This article combines common factor extraction techniques with permanent and temporary regime switching to analyse Chile's business cycle fluctuations. We find asymmetries across business cycle episodes as well as within the cycle.

Date: 2008

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