obtained from estimating a panel vector autoregression; a positive price shock is found to be expansionary for the components ….3% increase in unfilled vacancies. We then match the impulse responses to a commodity price shock from a small open economy model …

shocks to four small open economies (Canada, New Zealand, Norway and UK). The results show that foreign shocks explain a …

rates of the developed countries where primary commodities are an important share of exports: Australia, Canada and New …