Network Effects of International Shocks and Spillovers /

This paper proposes a method for assessing international spillovers from nominal demand shocks. It quantifies the impact of a shock in one country on all other countries. The paper concludes that the network effects in shock spillovers can be substantial, comparable, and often exceed the initial sho...

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Autore principale: Kireyev, Alexei
Altri autori: Leonidov, Andrei
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2015.
Serie:IMF Working Papers; Working Paper ; No. 2015/149
Accesso online:Full text available on IMF
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper proposes a method for assessing international spillovers from nominal demand shocks. It quantifies the impact of a shock in one country on all other countries. The paper concludes that the network effects in shock spillovers can be substantial, comparable, and often exceed the initial shock. Individual countries may amplify, absorb, or block spillovers. Most developed countries pass-through shocks, whereas low-income countries and oil exporters tend to block shock spillovers. The method is used to study demand shocks originating from a large and medium country, China and Ukraine respectively. 
538 |a Mode of access: Internet 
700 1 |a Leonidov, Andrei. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/149 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2015/149/001.2015.issue-149-en.xml  |z IMF e-Library