with a greater vulnerability to lagged output spillovers from abroad, whereas trade links are not. Policy implications of …

Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …

to concerns in domestic publics about possible negative spillovers on the domestic economy and the ability of the EU to …

This paper assesses the global spillovers from identified US monetary policy shocks in a global VAR model. US monetary … policy generates sizable output spillovers to the rest of the world, which are larger than the domestic effects in the US for … many economies. The magnitude of spillovers depends on the receiving country’s trade and financial integration, de jure …

with the rest of the world. Second, accuracy worsens as indirect higher-order spillovers and spillbacks become more … the global output spillovers from US monetary policy is consistent with these generic results: Spillover estimates …

global spillovers from a US monetary policy tightening, a drop in oil prices and a growth slowdown in China. The impulse … responses implied by ECB-Global are well in line with those generated by other global models, with international spillovers in …

motivated by the continuously expanding literature on spillovers, we define a broad and measurable concept of spillovers. We … modeling and estimation method and of choices that represent empirical spillovers in a clear and interpretable form. …

examine spillovers across global markets. The novelty of this paper consists of simultaneously identifying China shocks with … China have material impacts on global equity markets, although spillovers are much smaller than those following shocks in …, spillovers from China can be significantly amplified in an environment of heightened global volatility, or when the shocks are …