International Spillovers of Macroeconomic Shocks
Author | : Mr.Douglas Laxton |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 15 |
Release | : 2000-06-01 |
ISBN-10 | : 1451852509 |
ISBN-13 | : 9781451852509 |
Rating | : 4/5 (09 Downloads) |
Download or read book International Spillovers of Macroeconomic Shocks written by Mr.Douglas Laxton and published by INTERNATIONAL MONETARY FUND. This book was released on 2000-06-01 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a quantitative exploration of international spillovers of macroeconomic shocks among the major industrial economies. The particular topical example analyzed here concerns the possible effects on the industrial economies of adverse shocks to the current U.S. economic expansion. The potential spillover effects of U.S. shocks to other industrial economies are found to be quite large. Extant economic conditions, particularly the low levels of nominal interest rates and the consequent possibility of liquidity traps in countries such as Japan, could significantly magnify these spillover effects.