, and inflation volatility, and in global macroeconomic indicators like the oil price, world stock market returns, and … exchange rate volatility. The results indicate that in a globalized world spillovers from emerging markets and industrial … countries other than the G7 play a relevant role for major aspects of the G7 and world business cycle. …

for by the real common factor, which is proportional to world growth in our empirical model and linked to the risk …

America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have … strong economic effects on Germany. In this paper, we put this trade policy initiative in its broader perspective. We argue … project could increase per capita income in Germany by between 1 and 3%. We critically question the need for investor …