01663cas a2200253 a 4500 AALejournalIMF000169 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451927313 1018-5941 BD-DhAAL BD-DhAAL Hoffmaister, Willy. Are Business Cycles Different in Asia and Latin America? / Willy Hoffmaister, Jorge Roldos. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper compares business cycles in Asia and in Latin America using structural vector autoregression analysis with panel data. The evidence for countries in these regions suggests that (i) the main source of output fluctuations is supply shocks, even in the short run; (ii) the real exchange rate is driven mostly by fiscal shocks; and (iii) terms of trade shocks are important for trade balance fluctuations but not for output or real exchange rate fluctuations. However, in Latin America, as opposed to Asia, output is affected more by external and domestic demand shocks. Mode of access: Internet Roldos, Jorge. IMF Working Papers; Working Paper ; No. 1997/009 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/009/001.1997.issue-009-en.xml IMF e-Library