Hidden Bibliographic Details
| Other authors / contributors: | Muir, Dirk, author.
International Monetary Fund. European Department.
International Monetary Fund. Research Department.
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| ISBN: | 9781484305041
1484305043
9781484305065
148430506X
1475554109
9781475554106
9781475554106
1475554141
9781475554144
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| Notes: | "March 2015."
"European Department and Research Department."
Includes bibliographical references (page 27).
Online resource; title from pdf title page (IMF.org Web site, viewed March 31, 2015).
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| Summary: | Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well as some exposure to Russia. Using the IMF's Global Integrated Monetary and Fiscal model (GIMF), we examine spillovers the region could face, focusing on possible scenarios from the rest of the euro area and Russia, and the fall in global oil prices. We show that the spillovers from these scenarios differ in magnitude and impact, regardless of the high degree of integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We infer lessons for policy from the outcomes. --Abstract.
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| Other form: | Print version: Mircheva, Borislava. Spillovers in the Nordic Countries. Washington : International Monetary Fund, ©2015 9781475554106
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| Standard no.: | 10.5089/9781475554106.001
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