World shocks, world prices, and business cycles: An empirical investigation*
Under a Creative Commons license
open access
JEL classification
F41
Keywords
World shocks
Commodity prices
Business cycles
Cited by (0)
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We would like to thank Laura Alfaro, Ivan Petrella, and seminar participants at Banco de la República and the International Seminar on Macroeconomics held in Sofia, Bulgaria, June 24–25, 2016 for comments. Santiago Tellez-Alzate and Javier Caicedo provided excellent research assistance. The views expressed in this paper are those of the authors and not necessarily those of the Inter-American Development Bank, its Board of Directors, or the countries it represents.
© 2017 Elsevier B.V.