MUMTAZ, HAROON; SURICO, PAOLO - In: Journal of Money, Credit and Banking 41 (2009) s1, pp. 71-100
The empirical literature on the transmission of international shocks is based on "small"-scale VARs. In this paper, we use a "large" panel of data for 17 industrialized countries to investigate the international transmission mechanism, and revisit the anomalies that arise in the empirical...