Series: IMF Working Papers
Author(s): Tamim Bayoumi , and Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 January 2013
Keywords: Growth spillovers, macroeconomic models, international financial links, bond, bond yields, financial market, financial markets, Financial Markets and the Macroeconomy, International Policy Coordination and Transmission, Forecasting and Simulation,
The Great Recession underlined that policies in some countries can have profound spillovers elsewhere. Sadly, the solution of simulating large macroeconomic models to measure these spillovers has been found wanting...