Bagliano, Fabio C.; Morana, Claudio - In: Journal of Banking & Finance 36 (2012) 1, pp. 1-13
This paper provides an empirical investigation of both the within-US and international channels of transmission of macroeconomic and financial shocks by means of a 50-country macroeconometric model (estimated over the 1980–2009 period), including measures of excess liquidity and financial...