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risk for the former, as fluctuations imply uncertainty and risk. (ii) Apart from adopting shock-absorbing macroeconomic …
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OEF. Evidence is based on the responses to a Chinese demand shock arising from the recent fiscal stimulus program. The …. -- GVAR ; Chinese economy ; shock transmission …
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We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-a-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii)...
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