STYLIZED FACTS OF ECONOMIC CRISES: THE EXAMPLE OF CHILE

Patrik Svab ()
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Patrik Svab: Prague University of Economics and Business

Medzinarodne vztahy (Journal of International Relations), 2022, vol. 20, issue 3, 228-249

Abstract: This paper focuses on the stylized facts of macroeconomic variables during crises. These findings are verified on the time series of selected indicators of the Chilean economy. Chile provides an interesting insight into this issue because of its economic history. On the sample of crises since the 1970s, this paper reveals that approximately 60% of macroeconomic indicators fulfilled the stylized theoretical facts. World GDP, the current account balance, terms of trade, foreign direct investment inflow, and foreign exchange reserves could have been possible indicators of the forthcoming crises.

Keywords: economic crisis; financial crisis; stylized facts; macroeconomic indicators; Chile (search for similar items in EconPapers)
JEL-codes: E32 G01 N16 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:brv:journl:v:20:y:2022:i:3:p:228-249

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