Fear Thy Neighbor : Spillovers from Economic Policy Uncertainty /

High levels of economic policy uncertainty in various parts of the world revamped the de- bate about its impact on economic activity. With increasingly stronger economic, financial, and political ties among countries, economic agents have more reasons to be vigilant of for- eign economic policy. Emp...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Biljanovska, Nina
Muut tekijät: Grigoli, Francesco, Hengge, Martina
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2017.
Sarja:IMF Working Papers; Working Paper ; No. 2017/240
Linkit:Full text available on IMF
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100 1 |a Biljanovska, Nina. 
245 1 0 |a Fear Thy Neighbor :   |b Spillovers from Economic Policy Uncertainty /  |c Nina Biljanovska, Francesco Grigoli, Martina Hengge. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2017. 
300 |a 1 online resource (34 pages) 
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 High levels of economic policy uncertainty in various parts of the world revamped the de- bate about its impact on economic activity. With increasingly stronger economic, financial, and political ties among countries, economic agents have more reasons to be vigilant of for- eign economic policy. Employing heterogeneous panel structural vector autoregressions, this paper tests for spillovers from economic policy uncertainty on other countries' economic ac- tivity. Furthermore, using local projections, the paper zooms in on shocks originating in the United States, Europe, and China. Our results suggest that economic policy uncertainty re- duces growth in real output, private consumption, and private investment, and that spillovers from abroad account for about two-thirds of the negative effect. Moreover, uncertainty in the United States, Europe, and China reduces economic activity in the rest of the world, with the effects being mostly felt in Europe and the Western Hemisphere. 
538 |a Mode of access: Internet 
700 1 |a Grigoli, Francesco. 
700 1 |a Hengge, Martina. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/240 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2017/240/001.2017.issue-240-en.xml  |z IMF e-Library