Perez, Pedro; Osborn, Denise; Artis, Michael - In: Open Economies Review 17 (2006) 3, pp. 255-279
The changing relationships between the G-7 countries are examined through VAR models for quarterly growth, estimated over sub-periods and using a rolling data window. Trivariate models are employed, each including the US and a European (E15) aggregate. The results show that conditional...