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

Author/Editor:

Francis Vitek

Publication Date:

November 5, 2013

Electronic Access:

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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:

English

Publication Date:

November 5, 2013

ISBN/ISSN:

9781475514667/1018-5941

Stock No:

WPIEA2013225

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

30

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