Rondeau, Fabien; Tavéra, Christophe - In: Économie et Prévision 169 (2005) 3, pp. 25-39
[eng] We evaluate the influence of international goods trade on the transmission of macroeconomic shocks among European countries. We model business-cycle interdependence as a constrained VAR process. Empirical results show a close link between shock transmission and bilateral trade shares....