Bayoumi, Tamim; Swiston, Andrew - International Monetary Fund (IMF) - 2008
these spillovers into trade, commodity price, and financial market channels. For Canada, a one percent shock to U.S. real ….S. shock-"when the U.S. sneezes, Mexico catches a cold". These spillovers are transmitted through both trade and financial …This paper examines linkages across North America by estimating the size of spillovers from the major regions of the …