Fernández, Adriana Z.; Nikolsko-Rzhevskyy, Alex - In: Journal of Policy Modeling 32 (2010) 2, pp. 196-209
We argue that the U.S.-led global recession revealed a change in the nature of the U.S. economic influence over the world, evidenced by the unusual delay between the U.S. downturn and its full manifestation in other economies. To validate our argument we conduct a real-time analysis of the...