this within a compact quarterly model of the global economy to illustrate how our multi-country approach to modelling oil … the global economy (real outputs and financial markets) mainly due to an increase in Saudi Arabian oil production. In … supply shock has significant adverse effects for the global economy with real GDP falling in both advanced and emerging …

world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy … world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global …

for the US and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a … after the shock). We then re-examine the effects of low oil prices on the US economy over different sub-periods using …