| Popis: |
One question associated with the business cycle agenda of research is to evaluate if the business cycle of different countries may present similar features despite the differences in institutions, industrial structures, public policies and growth rates that those countries may have. Backus and Kehoe (1992) presented a set of international evidence on the historical properties of business cycle, they found a great deal of regularity in the cyclical behavior of quantities across countries and periods, however patterns of price-level fluctuation have change markedly over time. Backus and Kehoe (1992) used a data set covering only developed countries, since they claim that data for underdeveloped countries may not be available or, in case it is, may not be sufficiently accurate for the study of short-term fluctuations. In this paper we are going to provide a historical data set for the Brazilian economy, the construction of the data set will be explained so that the possible problems with the accuracy of the series may be dealt in a proper matter |
