Antonakakis, Nikolaos; Andre, Christophe; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2015
federal funds rate. These results illustrate the contagion from the housing and financial crisis to the real economy and the … uctuations in the United States. Second, spillovers show large variations over time. Third, in the wake of the global financial … crisis, spillovers have been exceptionally high in historical perspective. In particular, we find large spillovers from EPU …