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

Author/Editor: Francis Vitek
Publication Date: November 05, 2013
Electronic Access: Free Full text (PDF file size is 795KB).
Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: 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.
Series: Working Paper No. 13/225
Subject(s): Spillovers | Denmark | Finland | Sweden | Norway | Economic integration | Trade integration | Fiscal policy | Macroprudential Policy | Cross country analysis

Publication Date: November 05, 2013
ISBN/ISSN: 9781475514667/1018-5941 Format: Paper
Stock No: WPIEA2013225 Pages: 30
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to publications@imf.org