Dées, Stéphane; Di Mauro, Filippo; Pesaran, M. Hashem; … - 2005
Econometric Society World Congress at UCL,August 2005.The authors have
benefited greatly from discussions with Sean Holly and Til …
elsewhere in the world, especially in the euro area, has been controversial. At the root of such
discussions is the observation … mechanisms of shocks at the world level using a
global VAR (GVAR). Such a framework is able to account for various transmission …