We investigate the heterogeneous boom and bust patterns across countries that emerge as a result of global shocks. Our analysis sheds light on emergence core periphery countries, joint determination depth recessions tightness credit countries. The model implies interest rates are similar in booms, with larger output growth However, common shock leads to crunch globe gives rise sharper spike dee...

Eight male subjects in each of three age groups (21-26, 40-45, 60-72 years) slept in pairs in the CAMI sonic boom simulation facility for 21 consecutive nights. The first five nights were used to acclimate the subjects (nights 1 and 2) and to obtain Baseline data (nights 3-5); the 12 subsequent nights (Boom) involved the hourly presentation of simulated sonic booms at an overpressure level of 1...