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Contagion : Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria

Masson, Paul R. - 1998

Several concepts of contagion are distinguished. It is argued that only models that admit of multiple equilibria are capable of producing true contagion. A simple balance of payments model is presented to illustrate that phenomenon, and some back-of-the-envelope calculations assess its relevance...

Persistent link: https://www.econbiz.de/10014401307

International Spillover of Labor Market Reforms

Dao, Mai - 2008

This paper uses a dynamic economy model, with unionized labor markets, to analyze the effects of labor market reforms, similar to those recently introduced in Germany, on the domestic and trading partner economies. The model is calibrated on Germany and the rest of the Euro area. The results...

Persistent link: https://www.econbiz.de/10014401333

Spillovers Across Nafta

Bayoumi, Tamim - 2008

This paper examines linkages across North America by estimating the size of spillovers from the major regions of the … these spillovers into trade, commodity price, and financial market channels. For Canada, a one percent shock to U.S. real … GDP shifts Canadian real GDP by some 3⁄4 of a percentage point in the same direction- with financial spillovers more …

Persistent link: https://www.econbiz.de/10014401401

How Russia Affects the Neighborhood : Trade, Financial, and Remittance Channels

Espinosa-Bowen, Jaime - 2009

We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in Russia, overall, as well as through the trade, financial and remittance channels over the last decade or so. The results point to the continued existence of economic links between...

Persistent link: https://www.econbiz.de/10014402216

Unanticipated Shocks and Systemic Influences : The Impact of Contagion in Global Equity Markets in 1998

González-Hermosillo, Brenda - 2003

August to September 1998 has been characterized as one of the worst episodes of global financial distress in decades. This paper investigates the transmission of the Russian and the LTCM crises through global equity markets using a panel of 14 developing and industrial countries. The results...

Persistent link: https://www.econbiz.de/10014403951

Multinational Enterprises, International Trade, and Productivity Growth : Firm-Level Evidence From the United States

Yeaple, Stephen R. - 2003

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment … gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 11 percent of … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …

Persistent link: https://www.econbiz.de/10014403965

Decoupling From the East toward the West? : Analyses of Spillovers to the Baltic Countries

International Monetary Fund - 2009

This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading …-country spillovers to the Baltics with those from the EU outweighing spillovers from Russia. Shocks to the REER generally depress growth … of spillovers to the region which partly explains the realization of downside risks to the Baltics from the global …

Persistent link: https://www.econbiz.de/10014402484

Regional Economic Outlook, October 2019, Europe : Facing Spillovers from Trade and Manufacturing

International Monetary Fund / European Dept - 2019

Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have started to appear, especially in investment. Services and domestic consumption have been...

Persistent link: https://www.econbiz.de/10014407842

U.S. Corporate Income Tax Reform and its Spillovers

Clausing, Kimberly - 2016

This paper examines the main distortions of the U.S. corporate income tax (CIT), focusing on its international aspects, and proposes a set of reforms to alleviate them. A bold reform to replace the CIT with a corporate-level rent tax could induce efficiency-enhancing reform of the international...

Persistent link: https://www.econbiz.de/10014408057

Spillover Implications of China's Slowdown for International Trade

Blagrave, Patrick - 2016

spillovers from China's economic transition on export growth in 46 advanced and emerging market economies. The analysis suggests …

Persistent link: https://www.econbiz.de/10014408076