The fact that the United States is considered the 'engine' of the world economy has been puzzling for decades. How can it be that an economy, which represents only less than a fourth of world GDP, could still have such a role, particularly when large and fast growing economic players, such as China, are potently emerging in the global economy?
This book explores how and to what extent economic developments in the United States transmit to the Euro area. The issue is examined from different perspectives and using different methodologies. The chapters of the book bring together up-to-date research and stylized facts on the various channels of shock transmission, with special emphasis on financial and trade linkages.
This book is essential reading for all interested in International Economics and Business Cycle Analysis.
|List of Figures||p. vi|
|List of Tables||p. x|
|List of Boxes||p. xi|
|About the Authors||p. xv|
|Business Cycle Synchronisation: Disentangling Global Trade and Financial Linkages||p. 18|
|Business Cycle Synchronisation: The United States and the Euro Area||p. 43|
|The United States and the Euro Area: What Do Structural Models Say About the Linkages?||p. 61|
|The United States and the Euro Area: The Role of Financial Variables||p. 97|
|Economic Interactions US-Euro Area Over the 2007-9 Financial Crisis: What Did We Learn?||p. 144|
|The US-Euro Area Relationship in a Context of Possible Systemic Changes||p. 189|
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Number Of Pages: 220
Published: 14th July 2010
Publisher: SPRINGER VERLAG GMBH
Country of Publication: GB
Dimensions (cm): 21.84 x 13.97 x 1.78
Weight (kg): 0.36
Edition Number: 1