01599cas a2200241 a 4500 AALejournalIMF002105 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856972 1018-5941 BD-DhAAL BD-DhAAL Santos, Andre. Are Mexican Business Cycles Asymmetrical? / Andre Santos. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (33 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 We use the regime-switching econometric models in Hamilton (1989) and Filardo (1994) to study business cycles in Mexico. In particular, we characterize the ups and downs of economic activity in Mexico. As a proxy for economic activity, we use the Mexican quarterly industrial production index from the second quarter of 1972 to the third quarter of 1999. We allow the transition probabilities driving changes in economic activity to be a function of fiscal, financial, and external sector indicators. Our results show that recessions in Mexico are deeper and shorter than expansions. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/150 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/150/001.2002.issue-150-en.xml IMF e-Library