1. Repositorio Digital
2. Scientific Electronic Library Online México
3. Economia
4. Investigación Económica

Título:	Looking for asymmetries over the Mexican business cycle
Palabras clave:	business cycle asymmetries Mexico
Fecha de publicación:	16-Jul-2012
Editorial:	Investigación económica
Descripción:	The aim of this paper is to evaluate the existence of asymmetries in mean and variance in the dynamics of the main Mexican macroeconomic variables over business cycle regimes. Following the lines of the classical business cycle approach, a battery of statistics and autoregressive models is applied. Our main results can be summarised as follows: 1) there is evidence of asymmetries both in mean and variance in the cases of investment and imports, 2) industrial production, employment, unemployment rate and nominal interest rate exhibit asymmetries in mean only, and 3) exports, inflation rate and real exchange rate show asymmetries in variance only. One implication of these results is that linear models may be inappropriate to model these variables while nonlinear models may be useful to deal with their characteristics and dynamics.
Other Identifiers:	http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S0185-16672010000100002
Aparece en las Colecciones:	Investigación Económica

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