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

Francis Vitek

No 2013/225, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; economy; Nordic economy; output spillover; Spillover analysis; Trade linkages; Financial linkages; External risks; Policy coordination; output loss; spillover coefficient; risk premium shock; export exposure; source economy; Return on investment; Spillovers; Stock markets; Securities markets; Exports; Global (search for similar items in EconPapers)
Pages: 30
Date: 2013-11-05
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Citations: View citations in EconPapers (5)

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