Systemic risk, aggregate demand, and commodity prices /

Systemic risk, aggregate demand, and commodity prices /

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 gap corresponding to unobserved systemic risk associated with major financial events....

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Bibliographic Details
Main Authors: Gómez P., Javier Guillermo (Author), Guillaume, Dominique M. (Author), Tanyeri, Kadir (Author)
Corporate Author: International Monetary Fund. Office of the Managing Director.
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2015.
Series:IMF working paper ; WP/15/165.
Subjects:
Financial risk > Econometric models.
Country risk > Econometric models.
Financial crises > Econometric models.
Commercial products > Prices > Econometric models.
Capital movements > Econometric models.
Online Access:CONNECT
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