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We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we … FAVAR framework is applied to derive structural shocks on a worldwide level and their impact on other global and also … area. According to our results, global liquidity shocks are a driving force of the global economy and various national …
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In this paper, we analyze the long-run behavior and short-run dynamics of stock markets across some selected developed and emerging economies – namely the United States, the Euro Area, Japan, the United Kingdom, Australia, South Korea, Thailand and Brazil – in the Cointegrated...
Persistent link: https://www.econbiz.de/10009779040
In this paper, we analyze the long-run behavior and short-run dynamics of stock markets across some selected developed and emerging economies - namely the United States, the Euro Area, Japan, the United Kingdom, Australia, South Korea, Thailand and Brazil - in the Cointegrated...
Persistent link: https://www.econbiz.de/10010255144
; however, while global liquidity shocks lead to relatively fast responses in global house prices, significant responses of the … global CPI index to money shocks occur only after long time lags. In addition, we find subsequent spillovers from asset …
Persistent link: https://www.econbiz.de/10010206379
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10010208787