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Spillovers to and from the Nordic Economies: A Macroeconometric Model Based Analysis

Spillovers to and from the Nordic Economies: A Macroeconometric Model Based Analysis by Francis Vitek
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This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find that the Nordic economies are heavily exposed to external macroeconomic and financial shocks, but have significant scope to mitigate their domestic macroeconomic impacts through coordinated policy responses, given their high degree of regional integration.
International Monetary Fund; November 2013
30 pages; ISBN 9781475513493
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Title: Spillovers to and from the Nordic Economies: A Macroeconometric Model Based Analysis
Author: Francis Vitek