Series: IMF Working Papers
Author(s): Javier Gómez?Pineda , Dominique Guillaume , and Kadir Tanyeri
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 July 2015
Keywords: Financial linkages, Global imbalances Commodity prices, output, country risk, trade, Open Economy Macroeconomics, Forecasting and Simulation,
The paper presents a global model with systemic and country risks, as well as commodity prices.We show that systemic risk shocks have an important impact on world economic activity, with the busts in world output g...