impulse response functions for GDP growth than shocks to the US index. In particular, a one standard deviation shock to the … shock to the US index delivers its maximum impact with a one-quarter delay. Other foreign proxies, such as the EU and German …

impulse response functions for GDP growth than shocks to the US index. In particular, a one standard deviation shock to the … shock to the US index delivers its maximum impact with a one-quarter delay. Other foreign proxies, such as the EU and German …

's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … and explore how they are affected by domestic and global risk. We apply this framework to ten OECD economies, showing the … Kingdom, show that a substantial degree of international risk sharing can occur through current accounts and international …

's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … and explore how they are affected by domestic and global risk. We apply this framework to 10 OECD economies, showing the …, show that a substantial degree of international risk sharing can occur through current accounts and international …

these spillover effects depends on the level of global risk, with increased European policy uncertainty only having a … negative impact on bond inflows into EMEs when global risk is high. For equity inflows, the level of country-specific sovereign … default risk also matters for non-linearities: increased EU policy uncertainty pushes portfolio equity inflows into EMEs even …

level of country specific default risk matters for equity flows only …