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Persistent link: https://www.econbiz.de/10011663811
In a highly interlinked global economy a key question for policy makers is how foreign shocks and policies transmit to … the domestic economy. We develop a semi-structural multi-country model with rich real and financial channels of …
Persistent link: https://www.econbiz.de/10012958272
During the sovereign debt crisis investors rebalanced out of stressed and into non-stressed euro area countries, thereby contributing to the tensions in euro area financial markets. This paper examines the geographical pattern of this great rebalancing. Specifically, we test whether euro area...
Persistent link: https://www.econbiz.de/10013016950
” (DCP) into ECB-Global, the ECB’s macroeconomic model for the global economy. To our knowledge, this is the first attempt to … a non-US economy that alters the value of its currency multilaterally, expenditure-switching occurs only through imports …
Persistent link: https://www.econbiz.de/10013315335
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