Contagion, spillover, and interdependence
This paper reviews the empirical literature on international spillovers and contagion. Theoretical models of spillover and contagion imply that the reduced-form observable variables suffer from two possible sources of bias: endogeneity and omitted variables. These econometric problems, in combinatio...
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| Format: | Article |
| Language: | English |
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Brookings Institution Press
2019
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| Online Access: | View Fulltext in Publisher |