𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The transmission of US shocks to Latin America

✍ Scribed by Fabio Canova

Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
304 KB
Volume
20
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

I study whether and how US shocks are transmitted to eight Latin American countries. US shocks are identified using sign restrictions and treated as exogenous with respect to Latin American economies. Posterior estimates for individual and average effects are constructed. US monetary shocks produce significant fluctuations in Latin America, but real demand and supply shocks do not. Floaters and currency boarders display similar output but different inflation and interest rate responses. The financial channel plays a crucial role in the transmission. US disturbances explain important portions of the variability of Latin American macrovariables, producing continental cyclical fluctuations and, in two episodes, destabilizing nominal exchange rate effects. Policy implications are discussed. Copyright Β© 2005 John Wiley & Sons, Ltd.

πŸ“œ SIMILAR VOLUMES

The Japanese in Latin America: on the us
The Japanese in Latin America: on the uses of diaspora
✍ White, Paul πŸ“‚ Article πŸ“… 2003 πŸ› John Wiley and Sons 🌐 English βš– 97 KB

## Abstract International migration only began to affect Japan in the late nineteenth century, but since then there have been three waves of emigration, two of them customarily regarded as diasporas. Recent discussions of the concept of diaspora have highlighted a tendency for the broadening of the

The transmission of shocks between Europ
The transmission of shocks between Europe, Japan and the United States
✍ Shushanik Papanyan πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 264 KB

This paper identifi es the types of shocks that affect the economies of Europe, the USA and Japan, and the transmission paths of those shocks between these countries. The identifi cation of shocks is based on the Cointegrated VAR methodology. The categorization and interpretation of shocks are based

Information technology research in Latin
Information technology research in Latin America: Editorial introduction to the special issue
✍ James B. Pick; Martha Garcia Murillo; Carlos J. Navarrete πŸ“‚ Article πŸ“… 2007 πŸ› Taylor and Francis Group 🌐 English βš– 81 KB

in spite of some great strides, lags economically advanced nations in its research on information technology. This special issue of Information Technology for Development on "IT Advances in Latin America" provides insights into the practices and applications of IT, points to problems and constraints