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-varying interdependence among the economic cycles of the major world economies during the post-Great moderation period. We document a … with the rest of the world around that time. Moreover, we find that the break in global interdependence can be explained by …
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The European north-south divide has been an issue of a long-standing debate. We employ a Global VAR model for 28 developed and developing countries to examine the interaction between the global trade imbalances and their impact within the euro-area framework. The aim is to assess the propagation...
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