Growth spillover dynamics from crisis to recovery /

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Bibliographic Details
Author / Creator:Poirson, Hélène, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2011.
Description:1 online resource (51 pages) : illustrations.
Language:English
Series:IMF working paper, 1018-5941 ; WP/11/218
IMF working paper ; WP/11/218.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499440
Hidden Bibliographic Details
Other authors / contributors:Weber, Sebastian, 1981- author.
International Monetary Fund. European Department, issuing body.
ISBN:1283552507
9781283552509
9781463944155
1463944152
1463907419
9781463907419
1463903510
9781463903510
9781463903510
Notes:At head of title: European Department.
Title from PDF title page (IMF Web site, viewed September 28, 2011).
"September 2011."
Includes bibliographical references.
Summary:Can positive growth shocks from the faster-growing countries in Europe spill over to the slower growing countries, providing useful tailwinds to their recovery process? This study investigates the potential relevance of growth spillovers in the context of the crisis and the recovery process. Based on a VAR framework, our analysis suggests that the U.S. and Japan remain the key source of growth spillovers in this recovery, with France also playing an important role for the European crisis countries. Notwithstanding the current export-led cyclical upswing, Germany generates relatively small outward spillovers compared to other systemic countries, but likely plays a key role in transmitting and amplifying external growth shocks to the rest of Europe given its more direct exposure to foreign shocks compared to other European countries. Positive spillovers from Spain were important prior to the 2008 - 09 crisis, however Spain is generating negative spillovers in this recovery due to a depressed domestic demand. Negative spillovers from the European crisis countries appear limited, consistent with their modest size.
Other form:Print version: Fund, International Monetary. Growth Spillover Dynamics from Crisis to Recovery. Washington : International Monetary Fund, ©2011 9781463903510
Standard no.:10.5089/9781463907419.001
10.5089/9781463903510.001

MARC

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100 1 |a Poirson, Hélène,  |e author.  |0 http://id.loc.gov/authorities/names/no98050768 
245 1 0 |a Growth spillover dynamics from crisis to recovery /  |c Hélène Poirson and Sebastian Weber. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2011. 
300 |a 1 online resource (51 pages) :  |b illustrations. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper,  |x 1018-5941 ;  |v WP/11/218 
500 |a At head of title: European Department. 
500 |a Title from PDF title page (IMF Web site, viewed September 28, 2011). 
500 |a "September 2011." 
520 |a Can positive growth shocks from the faster-growing countries in Europe spill over to the slower growing countries, providing useful tailwinds to their recovery process? This study investigates the potential relevance of growth spillovers in the context of the crisis and the recovery process. Based on a VAR framework, our analysis suggests that the U.S. and Japan remain the key source of growth spillovers in this recovery, with France also playing an important role for the European crisis countries. Notwithstanding the current export-led cyclical upswing, Germany generates relatively small outward spillovers compared to other systemic countries, but likely plays a key role in transmitting and amplifying external growth shocks to the rest of Europe given its more direct exposure to foreign shocks compared to other European countries. Positive spillovers from Spain were important prior to the 2008 - 09 crisis, however Spain is generating negative spillovers in this recovery due to a depressed domestic demand. Negative spillovers from the European crisis countries appear limited, consistent with their modest size. 
504 |a Includes bibliographical references. 
505 0 |a Cover Page; Title Page; Copyright Page; Abstract; Contents; I. Introduction; II. Growth Linkages and Spillovers: Related Literature; III. Empirical Approach; A. Estimation Framework; B. Dynamic Growth Contribution; C. Transmission Channels; IV. Results; A. Cross-Border Linkages; B. Country-specific outward and inward growth spillovers; C. Domestic and Foreign Growth Contributions in Crisis and Recovery; D. Channels of Growth Spillover Transmission; E. Determinants of Spillover Size; V. Conclusion; Footnotes. 
650 0 |a Economic development  |z European Union countries  |x Econometric models. 
650 0 |a Financial crises  |z European Union countries. 
650 0 |a Global Financial Crisis, 2008-2009.  |0 http://id.loc.gov/authorities/subjects/sh2009003683 
650 6 |a Développement économique  |z Pays de l'Union européenne  |x Modèles économétriques. 
650 6 |a Crise financière mondiale, 2008-2009. 
650 7 |a Economic development  |x Econometric models.  |2 fast  |0 (OCoLC)fst00901797 
650 7 |a Financial crises.  |2 fast  |0 (OCoLC)fst00924607 
651 7 |a European Union countries.  |2 fast  |0 (OCoLC)fst01269470 
647 7 |a Global Financial Crisis  |d (2008-2009)  |2 fast  |0 (OCoLC)fst01755654 
648 7 |a 2008-2009  |2 fast 
655 4 |a Electronic books. 
700 1 |a Weber, Sebastian,  |d 1981-  |e author.  |0 http://id.loc.gov/authorities/names/no2011051005 
710 2 |a International Monetary Fund.  |b European Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/n86100166 
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830 0 |a IMF working paper ;  |v WP/11/218.  |0 http://id.loc.gov/authorities/names/no89010263 
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