The Great Recession: US dynamics and spillovers to the world economy

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How Do Credit Supply Shocks Propagate Internationally? A Gvar Approach (2015, background): “(2011a) and Bagliano and Morana (2011). We use the GVAR approach because of its advantages (i) that country-speci c dynamics are modelled explicitly, and (ii) that cointegration among variables is allowed for.”
Oil price dynamics , macro-nance interactions and the role of nancial speculation (2012, unknown): “Yet, it would be inaccurate describing the third oil price shock as a purely financial episode: macroeconomic shocks largely accounted for the 65% real oil price run up over the 2007(2)-2008 (2) period, and similarly for the -67% and -31% contractions in 2008(4) and 2009(1); only over the 2009(2) th”
A new index of financial conditions (2014, unknown): “xt = λ y t yt + λ f t ft + ut [ yt ft ] = ct +Bt [ yt−1 ft−1 ] + εt , (1)”