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1

Houle, Christian, Mark A. Kayser, and Jun Xiang. "Diffusion or Confusion? Clustered Shocks and the Conditional Diffusion of Democracy." International Organization 70, no. 4 (2016): 687–726. http://dx.doi.org/10.1017/s002081831600028x.

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AbstractScholars, observing clustering in transitions to democracy, argue that democratization diffuses across borders as citizens in autocracies demand the same reforms they witness in neighboring states. We disagree. This article demonstrates that diffusion plays only a highly conditional role in democratization. We advance and test an alternative two-step theory of clustered democratization: (1) economic and international political shocks, which are clustered spatially and temporally, induce the breakdown of authoritarian regimes; then (2) democratic diffusion, in turn, influences whether a
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2

Musacchio, Aldo, André Martínez Fritscher, and Martina Viarengo. "Colonial Institutions, Trade Shocks, and the Diffusion of Elementary Education in Brazil, 1889–1930." Journal of Economic History 74, no. 3 (2014): 730–66. http://dx.doi.org/10.1017/s0022050714000588.

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We study the initial expansion of public schooling across Brazilian states (1889–1930) and develop an alternative explanation of how colonial institutions may affect the provision of public goods in the long run. We find that states that exported commodities undergoing international booms, between 1889 and 1930, had significantly larger export tax revenues and could spend more on education, while other states lagged behind. Yet, such positive effect of commodity booms on education expenditures was muted in states that either had more slaves before abolition or cultivated cotton during colonial
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3

Miller, Michael K., Michael Joseph, and Dorothy Ohl. "Are Coups Really Contagious? An Extreme Bounds Analysis of Political Diffusion." Journal of Conflict Resolution 62, no. 2 (2016): 410–41. http://dx.doi.org/10.1177/0022002716649232.

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Protests and democratic transitions tend to spread cross-nationally. Is this true of all political events? We argue that the mechanisms underlying the diffusion of mass-participation events are unlikely to support the spread of elite-led violence, particularly coups. Further, past findings of coup contagion employed empirical techniques unable to distinguish clustering, common shocks, and actual diffusion. To investigate which events diffuse and where, we combine modern spatial dependence models with extreme bounds analysis (EBA). EBA allows for numerous modeling alternatives, including diffus
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4

Houle, Christian, and Mark A. Kayser. "The Two-step Model of Clustered Democratization." Journal of Conflict Resolution 63, no. 10 (2019): 2421–37. http://dx.doi.org/10.1177/0022002719875565.

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Does democratization diffuse? For over two decades, numerous studies have asserted that democratization diffuses across countries but recent research has challenged this claim. Most recently, work by Brancati and Lucardi has buttressed this null finding by demonstrating that an oft assumed mechanism for the diffusion of democratization—the diffusion of pro-democracy protests—lacks empirical support. We review this contribution in the context of recent research and pose the question: if democratization does not diffuse, then why does democratization cluster in time and space? The answer, we arg
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5

Shcherbakov, Roman, Sofya Privorotskaya, and Konstantin Vishnevskiy. "Diffusion of digital technologies in the face of external shocks: The case of the COVID-19 pandemic." Business Informatics 17, no. 1 (2023): 37–52. http://dx.doi.org/10.17323/2587-814x.2023.1.37.52.

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This paper investigates the impact of external shocks on the spread of digital technologies. Using the example of the COVID-19 pandemic, we identify and describe four patterns that reflect the uneven response of different digital technologies to external conditions undergoing transformation. The patterns differ in both the magnitude of the pandemic’s impact and the timing of the resulting effects. Video conferencing, business continuity and telemedicine services showed a dramatic increase in demand at the beginning of COVID-19 and a gradual decline in the later stages. A more moderate response
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6

Aturin, Valery, Irina Moga, and Samal Smagulova. "Digital transformation management: Scientific approaches and economic policy." Upravlenets 11, no. 2 (2020): 67–76. http://dx.doi.org/10.29141/2218-5003-2020-11-2-6.

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The article explores the problems and trends in digital transformation of the world economy in the context of revolutionary changes in the technological sphere, unstable state of a number of national economies and international trade. The theoretical and methodological basis of the study includes the traditional ideas about technological advances and their impact on global reproduction, as well as the conceptual framework of digital economy. The authors follow the research methods, such as comparative analysis, synthesis, historical and logical methods. The research identifies the evaluation p
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7

Gray, David. "An international housing market in the British Isles: Evidence from business and medium-term cycles using a Friedman test." Urban Studies 57, no. 2 (2019): 307–22. http://dx.doi.org/10.1177/0042098019839886.

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It has been averred that there is an international market in housing (inter alia, Adams Z and Füss R (2010) Macroeconomic determinants of international housing markets. Journal of Housing Economics 19(1): 38–50; Helbling T and Terrones M (2003) When Bubbles Burst – Chapter II, World Economic Outlook. April. Washington, DC: IMF; Pomogajko K and Voigtländer M (2012) Co-movement of house price cycles – A factor analysis. International Journal of Housing Markets & Analysis 5(4): 414–427). Although some authors examine the business cycle range, the mechanism by which this comes about is more li
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8

Kwon, Kisung, Taeyeon Oh, Jihyun Lee, and Jeehyun Kang. "Analysis of Entrepreneurial Process Based on Domestic Introduction of Sport Contents: Focusing on the Innovation Diffusion Process Model." Korean Journal of Sport Science 32, no. 2 (2021): 181–94. http://dx.doi.org/10.24985/kjss.2021.32.2.181.

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Purpose A number of start-ups in the form of introducing sports contents in Korea as a new market are in progress, and appropriate support for each step is needed to increase the chances of a success. Therefore, the purpose of this study is to explore the entrepreneurial process of introducing and spreading newly created or developed sports content into a new market, Korea, by focusing on the innovation diffusion process model. Methods To derive the results, a qualitative research method was used, data were collected through in-depth interviews, literature search, and observation methods, and
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9

Koroleva, Diana, Anastasia Andreeva, and Tatiana Khavenson. "Shock Innovation: Conceptualisation of Digital Transformation in Education during the Covid-19 Pandemic." Education & Self Development 18, no. 2 (2023): 100–117. http://dx.doi.org/10.26907/esd.18.2.08.

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The article considers the transition to distance learning in the context of COVID-19 pandemic as innovation. In particular, it shows that the spread of innovation in an extremely fast and compressed way does not fit the classical model of innovation diffusion by Rogers. Based on the results of the analysis, the authors supplement the innovation theory with a model of shock innovation which aims to describe the phenomenon of momentary transformations. For that reason, a comprehensive and extensive description of innovation diffusion was narrowed down to three key characteristics and linked to t
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10

Antonia, Rosa Gurrieri, Morelli Giovanna, Mele Marco, and Magazzino Cosimo. "Gli smart meters, una misura di sostenibilità verde." L'Industria 1 (January 1, 2023): 153–84. https://doi.org/10.1430/107740.

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This paper provides evidence that green activities could be positively correlated in a specific region only if related green culture and capabilities exist, where ad hoc policy measures are required in order to enhance the regional abilities in supporting the acceleration of ongoing green transition. The European Recovery Programs align public policies with international commitments to environmental sustainability, directing investments toward sectors, and technologies, that accelerate the ecological transition, and enhance resilience to future climate shock changes. Through the Benchmarking M
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11

Witelski, T. P. "Shocks in nonlinear diffusion." Applied Mathematics Letters 8, no. 5 (1995): 27–32. http://dx.doi.org/10.1016/0893-9659(95)00062-u.

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12

Kim, Soyoung, and Jaewoo Lee. "INTERNATIONAL MACROECONOMIC FLUCTUATIONS." Macroeconomic Dynamics 19, no. 7 (2014): 1509–39. http://dx.doi.org/10.1017/s1365100513000916.

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This paper investigates the international dimension of economic fluctuations and transmission of structural shocks by estimating a structural VAR model for the United States, the euro area, and Japan—the three largest economies—over the post-Bretton Woods period. The main findings are as follows: (1) Supply-side shocks (technology and supply-level shocks) explain most of the fluctuations in cross-country output deviations. (2) Real-demand shocks are the most important source of real-exchange-rate fluctuations. (3) Current account is usually influenced by all types of shocks, with technology sh
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13

Arabsalmani, M., and A. Aghamohammadi. "Multi-shocks in reaction-diffusion models." European Physical Journal B 55, no. 4 (2007): 439–46. http://dx.doi.org/10.1140/epjb/e2007-00069-7.

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14

Cesa-Bianchi, Ambrogio, Andrea Ferrero, and Alessandro Rebucci. "International credit supply shocks." Journal of International Economics 112 (May 2018): 219–37. http://dx.doi.org/10.1016/j.jinteco.2017.11.006.

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15

Duffy, Peter. "Bohm diffusion and cosmic-ray-modified shocks." Astrophysical Journal Supplement Series 90 (February 1994): 981. http://dx.doi.org/10.1086/191936.

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16

Fukuda, Kosei. "Identifying uncertainty shocks using world diffusion index." Applied Economics 52, no. 15 (2019): 1718–32. http://dx.doi.org/10.1080/00036846.2019.1677853.

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17

Duffy, Peter. "Bohm Diffusion and Cosmic-Ray-Modified Shocks." International Astronomical Union Colloquium 142 (1994): 981–83. http://dx.doi.org/10.1017/s0252921100078428.

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AbstractA numerical solution to the problem of self-consistent diffusive shock acceleration is presented. The cosmic rays are scattered, accelerated and exert a back-reaction on the gas through their interaction with turbulence frozen into the local fluid frame. Using a grid with a hierarchical spacetime structure the physically interesting limit of Bohm diffusion (к ∝ pv), which introduces a wide range of diffusion lengthscales and acceleration timescales, can be studied. Some implications for modified shocks and particle acceleration are presented.Subject headings: acceleration of particles
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18

Jeffries, Clark. "Travelling waves and shocks with pressure diffusion." Applied Mathematics Letters 1, no. 2 (1988): 113–18. http://dx.doi.org/10.1016/0893-9659(88)90053-5.

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19

Frankel, Jeffrey. "Economic Shocks and International Politics." Survival 54, no. 3 (2012): 29–46. http://dx.doi.org/10.1080/00396338.2012.690977.

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20

Hirata, Hideaki. "Preference shocks, international frictions, and international business cycles." Journal of Asian Economics 34 (October 2014): 92–104. http://dx.doi.org/10.1016/j.asieco.2014.07.002.

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21

Marfatia, Hardik A., Rangan Gupta, and Keagile Lesame. "Dynamic Impact of Unconventional Monetary Policy on International REITs." Journal of Risk and Financial Management 14, no. 9 (2021): 429. http://dx.doi.org/10.3390/jrfm14090429.

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In this paper, we estimate the dynamic impact of unconventional monetary policy in the US on international REITs. Unlike existing studies which are limited to conventional policy tools and undertake a static approach, we use an event study approach and estimate a time-varying parameter model to investigate the dynamic impact of forward guidance (FG) and large-scale asset purchases (LSAP) shocks on the international REIT returns. We also compare the effects of these unconventional tools with the effects of conventional federal funds rate (FFR) shocks. The results show that the response of inter
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22

Kim, Don H., and Marcelo Ochoa. "International Yield Spillovers." Finance and Economics Discussion Series 2021, no. 001 (2021): 1–59. http://dx.doi.org/10.17016/feds.2021.001.

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This paper investigates spillovers from foreign economies to the U.S. through changes in longterm Treasury yields. We document a decline in the contribution of U.S. domestic news to the variance of long-term Treasury yields and an increased importance of overnight yield changes—a rough proxy for the contribution of foreign shocks to U.S. yields—over the past decades. Using a model that identifies U.S., Euro area, and U.K. shocks that move global yields, we estimate that foreign (non-U.S.) shocks account for at least 20 percent of the daily variation in long-term U.S. yields in recent years. We
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23

Fahad, Aysar Y., and Taib Othman Abdurrazaq. "Analyzing Causes of International Trade Shocks." International Journal of Professional Business Review 7, no. 6 (2022): e01119. http://dx.doi.org/10.26668/businessreview/2022.v7i6.1119.

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 Purpose: This research aims to analyze the impact of trade shocks on overall international trade relations.
 
 The theoretical framework: of this paper comes from the fact that in recent years, the global economy has witnessed many trade shocks, whether caused by trade disputes between major economies, military disputes, or just crises in the supply of crude oi.
 
 Methodology: The research relied on the analytical descriptive method.
 
 Findings: The research concluded with a set of conclusions, the most prominent of which was that tra
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24

Coniglio, Nicola D., and Giovanni Pesce. "Climate variability and international migration: an empirical analysis." Environment and Development Economics 20, no. 4 (2015): 434–68. http://dx.doi.org/10.1017/s1355770x14000722.

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AbstractIs international migration an adaptation strategy to sudden or gradual climatic shocks? In this paper we investigate the direct and the indirect role of climatic shocks in developing countries as a determinant of out-migration flows toward rich OECD countries in the period 1990–2001. Contrarily to the bulk of existing studies, we use a macro approach and explicitly consider the heterogeneity of climatic shocks (type, size, sign of shocks and seasonal effects). Our results show that the occurrence of adverse climatic events in origin countries has significative direct and indirect effec
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25

Ubide, Angel J. "International Transmission of Shocks in a Business-Cycle Model Under Imperfect Competition." Macroeconomic Dynamics 3, no. 3 (1999): 341–67. http://dx.doi.org/10.1017/s1365100599012031.

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This paper investigates the effects of introducing imperfect competition in an international business-cycle model. We provide some international evidence on markups and analyze the implications of increasing returns to scale and monopolistic competition for the effects and the international transmission of technology and government spending shocks. We also consider exogenous markup fluctuations as a source of shocks and of transmission of business cycles. We show that imperfect competition improves the behavior of a standard model driven by technology shocks, although the behavior of foreign t
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26

Cravino, Javier, and Andrei A. Levchenko. "Multinational Firms and International Business Cycle Transmission*." Quarterly Journal of Economics 132, no. 2 (2016): 921–62. http://dx.doi.org/10.1093/qje/qjw043.

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Abstract We investigate how multinational firms contribute to the transmission of shocks across countries using a large multicountry firm-level data set that contains cross-border ownership information. We use these data to document two novel empirical patterns. First, foreign affiliate and headquarter sales exhibit strong positive comovement: a 10% growth in the sales of the headquarter is associated with a 2% growth in the sales of the affiliate. Second, shocks to the source country account for a significant fraction of the variation in sales growth at the source-destination level. We propos
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27

Kwark, Noh-Sun. "Sources of international business fluctuations: Country-specific shocks or worldwide shocks?" Journal of International Economics 48, no. 2 (1999): 367–85. http://dx.doi.org/10.1016/s0022-1996(98)00050-6.

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28

Letendre, Marc-André, and Joel Wagner. "AGENCY COSTS, RISK SHOCKS, AND INTERNATIONAL CYCLES." Macroeconomic Dynamics 22, no. 5 (2017): 1134–72. http://dx.doi.org/10.1017/s1365100516000614.

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We add agency costs into a two-country, two-good international business-cycle model. In our model, changes in the relative price of investment arise endogenously. Despite the fact that technology shocks are uncorrelated across countries, the relative price of investment is positively correlated across countries in our model, much as it is in detrended U.S./Euro-area data. We also find that financial frictions tend to increase the volatility of the terms of trade and the international correlations of consumption, hours worked, output, and investment. We then compare this model to an alternative
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29

Zehri, Chokri. "Effectiveness of capital controls in dampening international shocks." Review of Keynesian Economics 9, no. 4 (2021): 521–51. http://dx.doi.org/10.4337/roke.2021.04.05.

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This study is a contribution to the ongoing debate on whether capital controls are effective in buffering international shocks and reducing capital flows volatility. The author demonstrates that capital controls can considerably mitigate the effects of monetary and exchange rate shocks and reduce the volatility of capital inflows to emerging markets. This study analyses quarterly data of 28 emerging economies over the period between 2000 and 2015 and proposes two methods to identify capital controls actions. Using panel analysis, autoregressive distributed lag, and local projections approaches
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30

Freeman, Mark. "Asset pricing with jump/diffusion permanent income shocks." Economics Letters 77, no. 1 (2002): 1–8. http://dx.doi.org/10.1016/s0165-1765(02)00116-7.

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31

Cox, Robert W. "Shocks in a Model for Stress-Driven Diffusion." SIAM Journal on Applied Mathematics 50, no. 5 (1990): 1284–99. http://dx.doi.org/10.1137/0150077.

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32

Garcia, Denise. "Shifting International Security Norms." Ethics & International Affairs 31, no. 2 (2017): 235–46. http://dx.doi.org/10.1017/s0892679417000090.

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The world is going through a crisis of the international liberal order, exemplified by a host of recent shocks: the invasion and annexation of Crimea by Russia; the transnational dimensions of conflicts such as in Syria; the United Kingdom's decision to exit the European Union; the attempted coup d’état in Turkey and its reversal toward autocracy; and the election and rise of non-universalist and illiberal governments as well as politicians who operate under the populist rubric in countries that are viewed as beacons of democracy and stability. These shocks have catalyzed two outcomes. First,
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33

Ilori, Ayobami E., Juan Paez-Farrell, and Christoph Thoenissen. "Fiscal policy shocks and international spillovers." European Economic Review 141 (January 2022): 103969. http://dx.doi.org/10.1016/j.euroecorev.2021.103969.

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34

Jones, Callum, Mariano Kulish, and Daniel Rees. "International Spillovers of Forward Guidance Shocks." IMF Working Papers 18, no. 114 (2018): 1. http://dx.doi.org/10.5089/9781484353554.001.

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35

Brei, Michael, and Almira Buzaushina. "International financial shocks in emerging markets." Journal of International Money and Finance 58 (November 2015): 51–74. http://dx.doi.org/10.1016/j.jimonfin.2015.07.012.

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36

Rouillard, Jean-François. "International risk sharing and financial shocks." Journal of International Money and Finance 82 (April 2018): 26–44. http://dx.doi.org/10.1016/j.jimonfin.2017.12.005.

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37

Navarro, Peter. "Electricity price shocks and international trade." Japan and the World Economy 2, no. 3 (1990): 249–62. http://dx.doi.org/10.1016/0922-1425(90)90004-c.

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38

Ersal-Kiziler, Eylem. "International portfolio flows with growth shocks." Economics Letters 141 (April 2016): 84–86. http://dx.doi.org/10.1016/j.econlet.2016.02.008.

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39

McKibbin, Warwick J., and Kang Yong Tan. "Learning and international transmission of shocks." Economic Modelling 26, no. 5 (2009): 1033–52. http://dx.doi.org/10.1016/j.econmod.2009.04.001.

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40

Xu, Y. D., G. Li, and S. Yao. "Electron Acceleration at Shock Ripples: Role of Pitch-angle Diffusion." Astrophysical Journal 988, no. 1 (2025): 67. https://doi.org/10.3847/1538-4357/ade23e.

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Abstract Suprathermal electrons are routinely observed in interplanetary space. At higher energies, there are in-situ evidences that shocks, both interplanetary shocks, often driven by fast coronal mass ejections, and terrestrial bow shocks, can accelerate electrons up to transrelativistic energies (∼MeVs). The acceleration mechanism responsible for these energetic electrons is still under debate. In this work, we study the effects of large-scale shock ripples on electron acceleration at a quasi-perpendicular shock in a 2D system. For tractability of the numerical simulation, we consider the s
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41

Dmitriev, A. P., V. A. Rozhanskii, and L. D. Tsendin. "Diffusion shocks in an inhomogeneous current-carrying collisional plasma." Uspekhi Fizicheskih Nauk 146, no. 6 (1985): 237. http://dx.doi.org/10.3367/ufnr.0146.198506b.0237.

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42

Berestycki, Henri, Jean-Pierre Nadal, and Nancy Rodíguez. "A model of riots dynamics: Shocks, diffusion and thresholds." Networks & Heterogeneous Media 10, no. 3 (2015): 443–75. http://dx.doi.org/10.3934/nhm.2015.10.443.

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43

Wechselberger, M., and G. J. Pettet. "Folds, canards and shocks in advection–reaction–diffusion models." Nonlinearity 23, no. 8 (2010): 1949–69. http://dx.doi.org/10.1088/0951-7715/23/8/008.

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44

Dmitriev, A. P., V. A. Rozhanskiĭ, and L. D. Tsendin. "Diffusion shocks in an inhomogeneous current-carrying collisional plasma." Soviet Physics Uspekhi 28, no. 6 (1985): 467–83. http://dx.doi.org/10.1070/pu1985v028n06abeh005202.

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45

Kallenbach, R., K. Bamert, M. Hilchenbach, and B. Klecker. "Probing diffusion parameters of suprathermal ions near heliospheric shocks." Advances in Space Research 34, no. 1 (2004): 157–60. http://dx.doi.org/10.1016/j.asr.2003.03.067.

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46

Oliveira, Wendy Sidon Meira de, and André Nunes Maranhão. "Spillovers de Volatilidades Cambiais e de Mercados Financeiros Internacionais no Mercado Acionário Brasileiro." Brazilian Review of Finance 15, no. 4 (2018): 569. http://dx.doi.org/10.12660/rbfin.v15n4.2017.63341.

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We present in this study the results of volatility spillover in the Brazilian stock market, measured by conditional correlations. Using GARCH multivariate conditional correlations were estimated at 3 different models combining the Ibovespa index of the three types of exchange rate shocks and a shock of international financial markets. The existence and direction of spillovers of volatility of forward exchange shocks, international financial market shocks and the Ibovespa were tested by Granger causality test of second order. The results show the existence of spillovers from exchange rate shock
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47

BENIGNO, GIANLUCA, and PIERPAOLO BENIGNO. "IMPLEMENTING INTERNATIONAL MONETARY COOPERATION THROUGH INFLATION TARGETING." Macroeconomic Dynamics 12, S1 (2008): 45–59. http://dx.doi.org/10.1017/s1365100507070174.

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This paper presents a two-country dynamic general equilibrium model with imperfect competition and nominal price rigidities in which productivity shocks coexist with markup shocks. After analyzing the features of the optimal cooperative solution, we show that this allocation can be implemented in a strategic context through inflation-targeting regimes. Under these regimes, each monetary authority minimizes a quadratic loss function that targets only domestic targets, namely, GDP inflation and the output gap.
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48

Wada, Tatsuma. "THE ROLE OF TRANSITORY AND PERSISTENT SHOCKS IN THE CONSUMPTION CORRELATION AND INTERNATIONAL COMOVEMENT PUZZLES." Macroeconomic Dynamics 18, no. 6 (2013): 1234–70. http://dx.doi.org/10.1017/s1365100512000922.

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We study a two-country model with changes in the technological growth rate. Such changes are attributed to transitory and persistent shocks in the growth rate of technology. Cases are considered in which agents in two countries do not have enough information to distinguish between the two types of shocks; gradually, however, the persistence of the shock is recognized through the learning process. Utilizing a set of parameters obtained from U.S. and European productivity growth rates, it is then shown that (i) when persistent shocks affect the two countries identically, there is no consumption-
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49

Kireyev, Alexei, and Andrei Leonidov. "Network Effects of International Shocks and Spillovers." IMF Working Papers 15, no. 149 (2015): 1. http://dx.doi.org/10.5089/9781513542928.001.

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50

Dungey, Mardi, and Renée Fry. "International Shocks on Australia – The Japanese Effect." Australian Economic Papers 42, no. 2 (2003): 158–82. http://dx.doi.org/10.1111/1467-8454.00193.

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