Spillovers in the Nordic Countries:
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...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
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Schriftenreihe: | IMF Working Papers
Working Paper No. 15/70 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (28 p) |
ISBN: | 1475554109 9781475554106 |
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illustrated | Not Illustrated |
index_date | 2024-07-03T20:13:36Z |
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spelling | Mircheva, Borislava Verfasser aut Spillovers in the Nordic Countries Mircheva, Borislava Washington, D.C International Monetary Fund 2015 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 15/70 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 Online-Ausg Muir, Dirk Sonstige oth http://elibrary.imf.org/view/IMF001/22450-9781475554106/22450-9781475554106/22450-9781475554106.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Mircheva, Borislava Spillovers in the Nordic Countries |
title | Spillovers in the Nordic Countries |
title_auth | Spillovers in the Nordic Countries |
title_exact_search | Spillovers in the Nordic Countries |
title_exact_search_txtP | Spillovers in the Nordic Countries |
title_full | Spillovers in the Nordic Countries Mircheva, Borislava |
title_fullStr | Spillovers in the Nordic Countries Mircheva, Borislava |
title_full_unstemmed | Spillovers in the Nordic Countries Mircheva, Borislava |
title_short | Spillovers in the Nordic Countries |
title_sort | spillovers in the nordic countries |
url | http://elibrary.imf.org/view/IMF001/22450-9781475554106/22450-9781475554106/22450-9781475554106.xml |
work_keys_str_mv | AT mirchevaborislava spilloversinthenordiccountries AT muirdirk spilloversinthenordiccountries |