A Model-Based Analysis of Spillovers : The Case of Poland and the Euro Area /

This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi-structural model. The model incorporates various channels of macrofinancial linkages and cross-border spillovers. We parameterize the model through an extensive calibration process, and provide a...

Полное описание

Библиографические подробности
Главный автор: Andrle, Michal
Другие авторы: Garcia-Saltos, Roberto, Ho, Giang
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2014.
Серии:IMF Working Papers; Working Paper ; No. 2014/186
Предметы:
Online-ссылка:Full text available on IMF
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245 1 2 |a A Model-Based Analysis of Spillovers :   |b The Case of Poland and the Euro Area /  |c Michal Andrle, Roberto Garcia-Saltos, Giang Ho. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (50 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi-structural model. The model incorporates various channels of macrofinancial linkages and cross-border spillovers. We parameterize the model through an extensive calibration process, and provide a wide range of model properties and evaluation exercises. Simulation results suggest a prominent role of foreign demand shocks (euro area and global) in driving Poland's output, inflation and interest rate dynamics, particularly in recent years. Our model also has the capability for medium-term conditional forecasting and policy analysis. 
538 |a Mode of access: Internet 
650 7 |a Core Inflation  |2 imf 
650 7 |a Demand Shock  |2 imf 
650 7 |a Interest Rate  |2 imf 
650 7 |a Monetary Policy  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Poland, Republic of  |2 imf 
700 1 |a Garcia-Saltos, Roberto. 
700 1 |a Ho, Giang. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/186 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/186/001.2014.issue-186-en.xml  |z IMF e-Library