Series: IMF Working Papers
Author(s): Douglas Laxton , and Eswar Prasad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2000
Keywords: Macroeconomic shocks, international spillovers, nominal interest rate floor, macroeconometric simulations, inflation, nominal interest rates, nominal interest rate, monetary policy, unemployment rate
This paper provides a quantitative exploration of international spillovers of macroeconomic shocks among the major industrial economies. The particular topical example analyzed here concerns the possible effects on...