for by the real common factor, which is proportional to world growth in our empirical model and linked to the risk …

world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … times since mid-1990s. At the same time, the long-term impact of a US GDP shock has halved, while the transmission of shocks …