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Network Effects of International Shocks and Spillovers

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by Alexei Kireyev & Andrei Leonidov
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Network Effects of International Shocks and Spillovers by Alexei Kireyev & Andrei Leonidov

This paper proposes a method for assessing international spillovers from nominal demand shocks. It quantifies the impact of a shock in one country on all other countries. The paper concludes that the network effects in shock spillovers can be substantial, comparable, and often exceed the initial shock. Individual countries may amplify, absorb, or block spillovers. Most developed countries pass-through shocks, whereas low-income countries and oil exporters tend to block shock spillovers. The method is used to study demand shocks originating from a large and medium country, China and Ukraine respectively.

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Ebook Details
Pages: 43
Size: 2.8 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2015
ISBN: 9781513500652 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

These authors have products in the following categories:

Nonfiction > Social Science
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

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03/26/2017
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