US still has more influence than trade suggests

Regardless of the emergence of large economic players, like China, United States' influence on other economies remains larger than direct trade ties would suggest, a new paper from the European Central Bank shows.

The analysis finds that although the size of the spillover from the United States to the rest of the world might have fallen recently, the effects of changes in United States economic activity became more persistent. The research shows that increasing economic integration globally have

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