European Parliament Library

United States, Selected Issues, International Monetary Fund

Abstract
The size and sources of international spillovers of activity remain subject to significant uncertainty. This Selected Issues paper uses a new approach to differentiating these effects using disturbances to a diverse group of small industrial countries as a proxy for global shocks. The results from the baseline vector autoregressions suggest that shocks to the United States are significant for foreign activity. The paper also evaluates alternative explanations for the easy financing of the U.S. current account deficit in recent years
Table Of Contents
Cover; Contents; PART I. INTERNATIONAL LINKS; I. Summary of Foreign Entanglements: Measuring the Size and Source of Spillovers Across Industrial Countries; Figure 1. Responses to U.S. GDP Across Eight VARs; Figure 2. Decomposition of Responses to U.S. GDP; II. Summary of The Ties that Bind: Measuring International Bond Spillovers Using Inflation-Indexed Bond Yields; Table 1. Variance Decompositions After 50 Days; III. Summary of Globalization, Gluts, Innovation, or Irrationality: What Explains the Easy Financing of the U.S. Current Account Deficit?
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (62 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452733791

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