Business cycles in Chile (2000–2023): analysing GDP and the components of aggregate demand

Cindy Gianella Tutiven-Desintonio

Finance Research Letters, 2025, vol. 83, issue C

Abstract: This study presents a characterisation of GDP cycles and the components of aggregate demand in Chile in terms of their duration and amplitude. These cycles are analysed from both classical and growth perspectives. Turning points in the series are identified using the BBQ algorithm. Using quarterly data from January 2000 to December 2023, the empirical analysis identifies three complete classical cycles, four recessions, and two crises. During this period, government expenditure plays a prominent role in explaining the expansionary dynamics of the GDP cycle.

Keywords: Business cycles; Chile; HP filter; Turning points; GDP; Components of aggregate demand (search for similar items in EconPapers)
JEL-codes: C22 E21 E22 E32 E62 N16 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:83:y:2025:i:c:s1544612325009894

DOI: 10.1016/j.frl.2025.107731

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