Growth Spillover Dynamics From Crisis to Recovery:
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 o...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 11/218 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (50 p) |
| ISBN: | 1463903510 9781463903510 |
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| index_date | 2024-07-03T20:13:36Z |
| indexdate | 2024-07-10T09:35:47Z |
| institution | BVB |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Poirson, Hélène Verfasser aut Growth Spillover Dynamics From Crisis to Recovery Poirson, Hélène Washington, D.C International Monetary Fund 2011 1 Online-Ressource (50 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/218 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 Online-Ausg Weber, Sebastian Sonstige oth http://elibrary.imf.org/view/IMF001/12200-9781463903510/12200-9781463903510/12200-9781463903510.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Poirson, Hélène Growth Spillover Dynamics From Crisis to Recovery |
| title | Growth Spillover Dynamics From Crisis to Recovery |
| title_auth | Growth Spillover Dynamics From Crisis to Recovery |
| title_exact_search | Growth Spillover Dynamics From Crisis to Recovery |
| title_exact_search_txtP | Growth Spillover Dynamics From Crisis to Recovery |
| title_full | Growth Spillover Dynamics From Crisis to Recovery Poirson, Hélène |
| title_fullStr | Growth Spillover Dynamics From Crisis to Recovery Poirson, Hélène |
| title_full_unstemmed | Growth Spillover Dynamics From Crisis to Recovery Poirson, Hélène |
| title_short | Growth Spillover Dynamics From Crisis to Recovery |
| title_sort | growth spillover dynamics from crisis to recovery |
| url | http://elibrary.imf.org/view/IMF001/12200-9781463903510/12200-9781463903510/12200-9781463903510.xml |
| work_keys_str_mv | AT poirsonhelene growthspilloverdynamicsfromcrisistorecovery AT webersebastian growthspilloverdynamicsfromcrisistorecovery |