of output growth expectations, with the US and UK being the countries that generate the greatest spillovers and Germany … and Japan being the countries that generate the smallest spillovers. Therefore, policymakers should closely monitor the …

Japan and Korea are close countries in terms of economic interaction as well as geography. To quantify the impact of …

and Japan. For robustness, the results are compared to those obtained from leading structural models, such as NiGEM and … OEF. Evidence is based on the responses to a Chinese demand shock arising from the recent fiscal stimulus program. The …. -- GVAR ; Chinese economy ; shock transmission …