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International trade, technological shocks and spillovers in the labour market: A GVAR analysis of the US manufacturing sector

Hiebert, Paul; Vansteenkiste, Isabel - 2007

We empirically analyse the response of US manufacturing labour market variables to various shocks, notably to trade … factors (a sector-specific measure of trade openness, along with common technology and oil price shocks), specific measures of … manufacturing-wide variables are included for each sector. Generalised impulse responses indicate that increased trade openness …

Persistent link: https://www.econbiz.de/10011604777

Exploring the international linkages of the euro area: a global VAR analysis

Dées, Stéphane; di Mauro, Filippo; Pesaran, Hashem; … - 2005

This paper presents a quarterly global model linking individual country vector errorcorrecting models in which the domestic variables are related to the country-specific foreign variables. The global VAR (GVAR) model is estimated for 26 countries, the euro area being treated as a single economy,...

Persistent link: https://www.econbiz.de/10011604614

Exploring the International Linkages of the Euro Area: a Global VAR Analysis

Dees, S; Mauro, Filippo di; Pesaran, M Hashem; Smith, L … - 2005

We presents a global model linking individual country vector error-correcting models in which domestic variables are related to country-specific variables as an approximate solution to a global common factor model. The model is estimated for 26 economies. It provides a theoretical framework...

Persistent link: https://www.econbiz.de/10009442012

Exploring the international linkages of the euro area : a global VAR analysis

Dees, Stephane; di Mauro, Filippo; Pesaran, Mohammad Hashem - 2005

This paper presents a global model linking individual country vector error-correcting models in which the domestic variables are related to the country-specific variables as an approximate solution to a global common factor model. This global VAR is estimated for 26 countries, the euro area...

Persistent link: https://www.econbiz.de/10010276161

Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis

Mohaddes, Kamiar; Pesaran, M. Hashem - 2015

This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...

Persistent link: https://www.econbiz.de/10010531839