European Parliament Library

Spillovers to and from the Nordic Economies :, A Macroeconometric Model Based Analysis, Francis Vitek

Abstract
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
Table Of 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
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (31 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475513493

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