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...
| Співавтор: | |
|---|---|
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2010.
|
| Серія: | IMF Working Papers; Working Paper ;
No. 2010/239 |
| Онлайн доступ: | Full text available on IMF |