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. The most striking contrast in the outcomes of policy is between Japan and Germany in the second oil shock. Both their …
Persistent link: https://www.econbiz.de/10012476592
rates has been widespread in the analyses by economic policymakers both in Europe and in the United States. In this paper we … been raised by the recent policy debates in Europe and the United States: Have ex ante real rates in the United States and … Europe been high during recent years? Has there been a link between U.S. real rates and those in other countries? Can this …
Persistent link: https://www.econbiz.de/10012477666
The paper compares migration policy and welfare state generosity between America and Europe. There is more selective … may explain in part these US-Europe differences in policies …
Persistent link: https://www.econbiz.de/10012482345
Persistent link: https://www.econbiz.de/10003101383
This paper develops a structural VAR model to measure how a shock to one country can affect the GDP of other countries …. It uses trade linkages to estimate the multiplier effects of a shock as it is transmitted through other countries' output …-trade matrix. For example, due to these output-multiplier effects, a shock to one country can have a large impact on countries that …
Persistent link: https://www.econbiz.de/10012470116
International financial market linkages are widely believed to be important for the international transmission of business cycles, since these govern the extent to which individuals can smooth consumption in the presence of country-specific shocks to income. This paper develops a two-country,...
Persistent link: https://www.econbiz.de/10012473924
Recent macroeconomic experience has drawn attention to the importance of interdependence among countries through financial markets and institutions, independently of traditional trade linkages. This paper develops a model of the international transmission of shocks due to interdependent...
Persistent link: https://www.econbiz.de/10012462429
evidence for the past 20 or 30 years and which has produced mixed results. We then examine the role of global shocks and shock …
Persistent link: https://www.econbiz.de/10012462553
aggregate of Europe, Canada and Japan were respectively 0.76, 0.66, and 0.63. For the period 1986 to 2000 the same correlations …
Persistent link: https://www.econbiz.de/10012469415
periphery countries in booms, with larger credit and output growth in periphery countries. However, a common global shock that …
Persistent link: https://www.econbiz.de/10012533383