The paper aims at assessing the mechanics of the Great Recession, considering both its domestic propagation within the US, as well as its spillovers to advanced and emerging economies. A total of 50 countries has been investigated by means of a large-scale open economy macroeconometric model, providing an accurate assessment of the international macro/finance interface over the whole 1980-2009 period
Morana, C., Bagliano, F. (2012). The Great Recession: US dynamics and spillovers to the world economy. JOURNAL OF BANKING & FINANCE, 36, 1-13 [10.1016/j.jbankfin.2011.06.002].
The Great Recession: US dynamics and spillovers to the world economy
MORANA, CLAUDIO;
2012
Abstract
The paper aims at assessing the mechanics of the Great Recession, considering both its domestic propagation within the US, as well as its spillovers to advanced and emerging economies. A total of 50 countries has been investigated by means of a large-scale open economy macroeconometric model, providing an accurate assessment of the international macro/finance interface over the whole 1980-2009 period
File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
