Foreign Entanglements : Estimating the Source and Size of Spillovers Across Industrial Countries

Estimating the Source and Size of Spillovers Across Industrial Countries

Foreign Entanglements : Estimating the Source and Size of Spillovers Across Industrial Countries
VARs of real growth since 1970 are used to estimate spillovers between the U.S., euro area, Japan, and an aggregate of small industrial countries, which proxies for global shocks. U.S. and global shocks generate significant spillovers, while those from the euro area and Japan are small. This paper also calculates the standard errors of... READ MORE...

Publication date: July 2007
ISBN 9781451867466
$18.00

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