408
Views
3
CrossRef citations to date
0
Altmetric
Articles

Global Macroeconomic Repercussions of US Trade Restrictions: Evidence from a GVAR Model

&
Pages 649-661 | Received 20 Oct 2018, Accepted 09 Aug 2019, Published online: 27 Aug 2019

References

  • Bussiére, M., Chudik, A., & Sestieri, G. (2012). Modelling global trade flows: Results from a GVAR model. Globalization and Monetary Policy Institute Working Paper No. 119, Dallas, TX: Federal Reserve Bank of Dallas.
  • Chudik, A., & Pesaran, M. (2016). Theory and practice of GVAR modelling. Journal of Economic Surveys, 30(1), 165–197.
  • Dees, S., Holly, S., Pesaran, M. H., & Smith, L. (2007). Long run macroeconomic relations in the global economy. Economics – The Open-Access, Open-Assessment E-Journal, 1(2007-3), 1–58.
  • Dovern, J., & van Rohe, B. (2014). International transmission and business-cycle effects of financial stress. Journal of Financial Stability, 13, 1–17.
  • Eickmeier, S., & Ng, T. (2015). How do US credit supply shocks propagate internationally? A GVAR approach. European Economic Review, 74, 128–145.
  • Fadejeva, L., Feldkircher, M., & Reininger, T. (2017). International spillovers from Euro area and US credit and demand shocks: A focus on emerging Europe. Journal of International Money and Finance, 70(C), 1–25.
  • Feldkircher, M., & Huber, F. (2016). The international transmission of US shocks – evidence from Bayesian global vector autoregressions. European Economic Review, 81, 167–188.
  • Greenwood-Nimmo, M., Nguyen, V., & Shin, Y. (2012). Probabilistic forecasting of output growth, inflation and the balance of trade in a GVAR framework. Journal of Applied Econometrics, 27(4), 554–573.
  • Johansen, S. (1992). Cointegration in partial systems and the efficiency of single-equation analysis. Journal of Econometrics, 52(3), 389–402.
  • Koop, G., Perasan, H., & Potter, S. (1996). Impulse response analysis in nonlinear multivariate models. Journal of Econometrics, 74(1), 119–147.
  • Leybourne, S., Kim, T., & Newbold, P. (2005). Examination of some more powerful modifications of the Dickey–Fuller test. Journal of Time Series Analysis, 26(3), 355–369.
  • Pantula, S. G., Gonzalez-Farias, G., & Fuller, W. A. (1994). A comparison of unit-root test criteria. Journal of Business & Economic Statistics, 12(4), 449–459.
  • Park, H., & Fuller, W. (1995). Alternative estimators and unit root tests for the autoregressive process. Journal of Time Series Analysis, 16(4), 415–429.
  • Pesaran, M. H., Schuermann, T., & Weiner, S. M. (2004). Modelling regional interdependencies using a global error-correcting macroeconometric model. Journal of Business & Economics Statistics, 22, 129–162.
  • Pesaran, M. H., & Shin, Y. (1998). Generalized impulse response analysis in linear multivariate models. Economics Letters, 58(1), 17–29.
  • Stock, J., & Watson, M. (1996). Evidence on structural instability in macroeconomic time series relations. Journal of Business and Economic Statistics, 14(1), 11–30.
  • Yalcin, E., Felbermayr, G., & Steininger, M. (2017). Global impact of a protectionist U.S. trade policy. Ifo Institute Research Paper No. 89, Munich: Ifo Institute.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.