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Stylized Facts Of Economic Crises: The Example Of Chile

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  • Patrik Svab

    (Prague University of Economics and Business)

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.

Suggested Citation

  • Patrik Svab, 2022. "Stylized Facts Of Economic Crises: The Example Of Chile," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 20(3), pages 228-249.
    • Handle: RePEc:brv:journl:v:20:y:2022:i:3:p:228-249
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    File URL: https://fmv.euba.sk/RePEc/brv/journl/MV2022-3.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    economic crisis; financial crisis; stylized facts; macroeconomic indicators; Chile;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G01 - Financial Economics - - General - - - Financial Crises
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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