Cashin, Paul; Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2012
This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United … States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf … developments in China than to shocks in the Euro Area or the United States, in line with the direction of evolving trade patterns …