The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7

JEL codes: 
E32, F02, F43
Version Date: 
Sep 2004

This Paper examines the changing relationships between the G7 countries through VAR models for the quarterly growth rates, estimated both over sub-periods and using a rolling data window. Six trivariate models are estimated, all of which include the US and a European (E15) aggregate.

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