Kaabia, Olfa; Abid, Ilyes - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012
This paper studies whether and how U.S. shocks are transmitted to other OECD economies in the case of the subprime crisis. Using a large data set of financial and macroeconomic variables in 17 OECD countries from 1980:Q1 to 2006:Q2, we characterize the transmission channels by the interpretable...
