China's Slowdown and Global Financial Market Volatility : Is World Growth Losing Out? /

China's GDP growth slowdown and a surge in global financial market volatility could both adversely affect an already weak global economic recovery. To quantify the global macroeconomic consequences of these shocks, we employ a GVAR model estimated for 26 countries/regions over the period 1981Q1...

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Bibliografski detalji
Glavni autor: Cashin, Paul
Daljnji autori: Mohaddes, Kamiar, Raissi, Mehdi
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2016.
Serija:IMF Working Papers; Working Paper ; No. 2016/063
Online pristup:Full text available on IMF
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245 1 0 |a China's Slowdown and Global Financial Market Volatility :   |b Is World Growth Losing Out? /  |c Paul Cashin, Kamiar Mohaddes, Mehdi Raissi. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a China's GDP growth slowdown and a surge in global financial market volatility could both adversely affect an already weak global economic recovery. To quantify the global macroeconomic consequences of these shocks, we employ a GVAR model estimated for 26 countries/regions over the period 1981Q1 to 2013Q1. Our results indicate that (i) a one percent permanent negative GDP shock in China (equivalent to a one-off one percent growth shock) could have significant global macroeconomic repercussions, with world growth reducing by 0.23 percentage points in the short-run; and (ii) a surge in global financial market volatility could translate into a fall in world economic growth of around 0.29 percentage points, but it could also have negative short-run impacts on global equity markets, oil prices and long-term interest rates. 
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700 1 |a Mohaddes, Kamiar. 
700 1 |a Raissi, Mehdi. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/063 
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