Catalogue


Catching the flu from the United States : synchronisation and transmission mechanisms to the Euro area /
Filippo di Mauro, Stephane Dees, and Marco J. Lombardi.
imprint
Houndmills, Basingstoke, Hampshire ; New York, NY : Palgrave Macmillan, 2010.
description
xv, 220 p. : ill. ; 22 cm.
ISBN
0230243231, 9780230243231
format(s)
Book
Holdings
More Details
imprint
Houndmills, Basingstoke, Hampshire ; New York, NY : Palgrave Macmillan, 2010.
isbn
0230243231
9780230243231
catalogue key
7306825
 
Includes bibliographical references and index.
A Look Inside
About the Author
Author Affiliation
Filippo di Mauro is Head of the External Developments Division at the European Central Bank (ECB). His division is in charge of the international forecast, medium-term FX analysis and the balance of payments of the Euro area. He started his career in 1984 at the Research Department of the Central Bank of Italy, following a short period of consulting at the OECD. Prior to joining the ECB in 1998, he also held various economist positions at the IMF and the Asian Development Bank. He has published extensively in the areas of international linkages, trade and competitiveness, with a special focus on the Euro area. Stephane Dees is Principal Economist in the External Developments Division at the European Central Bank. He earned his PhD in 1999 from the University of Bordeaux. He previously worked for the National Institute for Economic and Social research (NIESR) and the Centre d'Etudes Prospectives et d'Informations Internationales (CEPII). He has published in several academic journals such as the Journal of Money, Credit, and Banking, Journal of Economic Dynamics and Control, Journal of Applied Econometrics and Energy Journal. Marco J. Lombardi has been an economist in the External Developments Division of the European Central Bank since 2008. His tasks include the monitoring and analysis of commodity markets and FX. Prior to joining the ECB, he was Max Weber Fellow at the European University Institute and an Assistant Professor at the University of Pisa. He has a PhD in Applied Statistics and has published several articles in academic journals, including Journal of Applied Econometrics, Econometrics Journal and the IEEE Transaction on Signal Processing.
Summaries
Bowker Data Service Summary
Looking at historical cross-country interactions, this text 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.
Description for Bookstore
This book provides a comprehensive account of how external shocks matter for the Euro area
Long Description
The United States, considered to be the "engine" of the world economy, has been a puzzle for numerous economists. 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, like China, are potently emerging in the global economy? This book explores the economic linkages between the US and the Euro area, providing an understanding on 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 a special emphasis on financial and trade linkages. This book is essential reading for all interested in International Economics and Business Cycle Analysis.
Main Description
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 book argues that the US should fully assume its responsibility, minimizing shock transmission.
Table of Contents
List of Figuresp. vi
List of Tablesp. x
List of Boxesp. xi
Acknowledgementsp. xii
Forewordp. xiii
About the Authorsp. xv
Introductionp. 1
Business Cycle Synchronisation: Disentangling Global Trade and Financial Linkagesp. 18
Business Cycle Synchronisation: The United States and the Euro Areap. 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 Variablesp. 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 Changesp. 189
Conclusionp. 216
Indexp. 219
Table of Contents provided by Ingram. All Rights Reserved.

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