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The Global Vector Autoregressive (GVAR) approach has proven to be a very useful approach to analyze interactions in the global macroeconomy and other data networks where both the cross-section and the time dimensions are large. This paper surveys the latest developments in the GVAR modeling,...
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due to a fiscal policy shock, as compared to when the rise in output is due to a positive technology shock. The cross …
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observations. Our results show that the Covid-19 pandemic will lead to a significant fall in world output that is most likely long …
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