Volatility Spillovers and the Global Financial Cycle Across Economies: Evidence from a Global Semi-Structural Model

The paper provides some evidence on the relevance of global uncertainty and risk aversion and the lesser importance of US interest rates for the global financial and business cycles. As framework, we use a global semi-structural model augmented with financial and trade inter-linkages. Financial inte...

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Detalles Bibliográficos
Autor Principal: Gómez-Pineda, Javier G.
Formato: Documento de trabajo (Working Paper)
Lenguaje:Inglés (English)
Publicado: Banco de la República de Colombia 2017
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/6324