World Shocks, World Prices, and Business Cycles: An Empirical Investigation
NBER Working Paper No. 22833
---- Acknowledgments ----
We would like to thank Laura Alfaro, Ivan Petrella, and the participants at the International Seminar on Macroeconomics held in Sofia, Bulgaria, June 24-25, 2016 for comments. Santiago Tellez-Alzate provided excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.