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Network Effects of International Shocks and Spillovers

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 sho...

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Bibliographic Details
Main Author: Kireyev, Alexei
Other Authors: Leonidov, Andrei
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Working Papers
Subjects:
International Finance
Macroeconomics
Externalities
Exports And Imports
Balance Of Trade
Imports
International Policy Coordination And Transmission
Trade Balance
Open Economy Macroeconomics
Trade: General
Neural Networks And Related Topics
Empirical Studies Of Trade
International Economics
Exports
Spillovers
International Trade
Export Earnings
Macroeconomic Aspects Of International Trade And Finance: Forecasting And Simulation
Financial Sector Policy And Analysis
China, People's Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:43 pages
ISBN:9781513542928

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