Boileau, Martin; Normandin, Michel; Powo Fosso, Bruno - In: Journal of Macroeconomics 32 (2010) 1, pp. 1-16
We study the contributions of global and country-specific shocks to international business cycles. To do so, we decompose technology and government expenditures for the US and an aggregate of non-US G7 countries into global and country-specific components using a Kalman-filter procedure. We then...
