Catching the Flu from the United States
ebook ∣ Synchronisation and Transmission Mechanisms to the Euro Area
By Kenneth A. Loparo
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Looking at historical cross-country interactions, this book examines the role of the US in the world economy. Illustrating that US shocks tend to have a global nature and that Monetary Union only partially shelters the Euro area from its external environment, the US should fully assume its responsibility, minimizing shock transmission.
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