Series: IMF Working Papers
Author(s): Tamim Bayoumi , and Andrew Swiston
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2007
VARs of real growth since 1970 are used to estimate spillovers between the U.S., euro area, Japan, and an aggregate of small industrial countries, which proxies for global shocks. U.S. and global shocks generate si...