Deconstructing the International Business Cycle : Why does a U.S. sneeze give the rest of the world a cold?

Why does a U.S. sneeze give the rest of the world a cold?

Deconstructing the International Business Cycle : Why does a U.S. sneeze give the rest of the world a cold?
The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method freely estimates the contemporaneous correlation... READ MORE...

Publication date: October 2010
ISBN 9781455209392
$18.00

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