Hidden Bibliographic Details
| Other authors / contributors: | Mohaddes, Kamiar, author.
Raissi, Mehdi, (IMF staff)
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 1513590456
9781513590455
9781513590455
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| ISSN: | 1018-5941
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| Notes: | "March 2016."
"Asia and Pacific Department."
Includes bibliographical references (pages 19-21).
Online resource; title from pdf title page (IMF.org Web site, viewed March 21, 2016).
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| Summary: | China's GDP growth slowdown and a surge in global financial market volatility could both adversely affect an already weak global economic recovery. To quantify the global macroeconomic consequences of these shocks, we employ a GVAR model estimated for 26 countries/regions over the period 1981Q1 to 2013Q1. Our results indicate that (i) a one percent permanent negative GDP shock in China (equivalent to a one-off one percent growth shock) could have significant global macroeconomic repercussions, with world growth reducing by 0.23 percentage points in the short-run; and (ii) a surge in global financial market volatility could translate into a fall in world economic growth of around 0.29 percentage points, but it could also have negative short-run impacts on global equity markets, oil prices and long-term interest rates.--Abstract.
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| Other form: | Print Version: Cashin, Paul. China's Slowdown and Global Financial Market Volatility : Is World Growth Losing Out?. Washington, D.C. : International Monetary Fund, 2016. 9781513590455
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| Standard no.: | 10.5089/9781513590455.001
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