Discussion Paper Series Modelling International Linkages for Large Open Economies: US and Euro Area By Mardi Dungey and Denise R Osborn Centre for Growth and Business Cycle Research, Economic Studies, University of Manchester, Manchester, M13 9PL, UK September 2009 Number 121 Download paper from: http://www.socialsciences.manchester.ac.uk/cgbcr/discussionpape rs/index.html