theory-conform conclusions in actual data do so in our experimental data. We infer that less empirical evidence may … contradict canonical international macro theory than previously understood. …

assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a latent … consequences jointly, and most are based on single country models. We analyze the special case of a shock restricted to the Euro … for all countries over a period of roughly a year following an uncertainty shock. Moreover, equity prices, short …

underline the importance of the source of an oil shock for its macroeconomic consequences. Oil supply shocks have been less …

response of output growth and capital to a positive US interest rate shock is negative and significant in EMs. Our results are …

principal foreign drivers of the Nigerian business cycle. The global demand shock elicits the strongest responses from output … growth and inflation; while oil price shock impacts the terms-of-trade and interest rate the most. The historical … of oil price shock to inflation and interest rate is dominant. Further sensitivity analysis of pre-crisis period of 2008 …