| Description |
1 online resource (31 pages) : illustrations |
| Series |
IMF working papers ; WP/13/225 |
|
IMF working paper ; WP/13/225.
|
| Contents |
Cover; Abstract; Contents; I. Introduction; II. Trade and Financial Linkages; A. Trade Linkages; B. Direct Financial Linkages; C. Indirect Financial Linkages; III. Spillovers from Macroeconomic and Financial Shocks; A. Business Cycle Accounting; B. Output Spillovers; Inward Output Spillovers; Outward Output Spillovers; IV. External Risk Scenarios; A. Intensification of the Euro Area Sovereign Debt Crisis; B. Disorderly Fiscal Consolidation in the United States; C. Hard Landing in Selected Emerging Economies; V. Gains from Policy Coordination; A. Macroprudential Policy; B. Fiscal Policy |
|
C. Structural PolicyVI. Conclusion; References |
| Summary |
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find that the Nordic economies are heavily exposed to external macroeconomic and financial shocks, but have significant scope to mitigate their domestic macroeconomic impacts through coordinated policy responses, given their high degree of regional integration |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF title page (ebrary, viewed January 6, 2014) |
| Subject |
Foreign exchange -- Scandinavia -- Econometric models
|
|
Economic history
|
|
Foreign exchange -- Econometric models
|
| SUBJECT |
Scandinavia -- Economic conditions -- Econometric models
|
| Subject |
Scandinavia
|
| Form |
Electronic book
|
| Author |
International Monetary Fund.
|
| ISBN |
9781475514193 |
|
1475514190 |
|
9781475514667 |
|
1475514662 |
|
