The transmission of economic activity : Evidence for the U.S. and its trading partners |
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| Authors: | G M Wells W G Magill B S Felmingham |
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| Institution: | University of Tasmania, Hobart, Tasmania 7001, Australia |
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| Abstract: | This paper assesses empirical evidence bearing on the nature of the mechanism by which economic activity is transmitted from the US to its small trading partners. The cross-spectral analysis gives mixed results, but provides some support for a ‘Keynesian’ view. |
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