Coverart for item
The Resource Global and regional spillovers to Pacific Island countries, prepared by Niamh Sheridan, Patrizia Tumbarello, and Yiqun Wu

Global and regional spillovers to Pacific Island countries, prepared by Niamh Sheridan, Patrizia Tumbarello, and Yiqun Wu

Label
Global and regional spillovers to Pacific Island countries
Title
Global and regional spillovers to Pacific Island countries
Statement of responsibility
prepared by Niamh Sheridan, Patrizia Tumbarello, and Yiqun Wu
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
Regional integration of Pacific Island countries (PICs) with Australia, New Zealand, and emerging Asia has increased over the last two decades. PICs have become more exposed to the region's business cycles, and spillovers from regional economies are more important for PICs than from advanced economies outside the region. While strong linkages with Asia would help in the event of a global downturn, PICs remain particularly vulnerable to global commodity price shocks. In this paper, we use a Vector Error Correction Model (VECM) for each PIC to gauge the impact of global and regional growth spillovers. The analysis reveals that the impact on PICs' growth from an adverse oil shock would be substantial, and in some cases even larger than from a negative global demand shock. We also assess the spillovers to the financial sector from the deterioration of the global outlook. PICs should continue to rebuild policy buffers and implement growth-oriented structural reforms to ensure sustained and inclusive growth
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Sheridan, Niamh
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 12/154 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1976-
http://library.link/vocab/relatedWorkOrContributorName
  • Tumbarello, Patrizia
  • Wu, Yiqun
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/12/154
http://library.link/vocab/subjectName
  • Economic development
  • Islands of the Pacific
  • Islands of the Pacific
  • Economic forecasting
  • Economic development
  • Economic forecasting
  • Economic history
  • International economic integration
  • Pacific Ocean
Label
Global and regional spillovers to Pacific Island countries, prepared by Niamh Sheridan, Patrizia Tumbarello, and Yiqun Wu
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Cover; Contents; Executive Summary; I. Introduction; II. PICs Before and After the Global Crisis; III. Channels of Spillover: A Qualitative Analysis; IV. Assessing Growth Spillovers; A. Stylized Facts; B. Econometric Analysis; (1) Baseline scenario; (2) Downside scenarios; V. Assessing Spillovers to the Financial Sector; A. Stylized Facts; B. Spillovers from a Downside scenario; VI. What Role for Policies? Rebuilding Policy Buffers and Implementing Structural Reforms; References; Appendix: Technical Summary of Econometric Methodology and Results
Control code
795860138
Extent
1 online resource (41 pages)
Form of item
online
Isbn
9781475504491
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)795860138
Label
Global and regional spillovers to Pacific Island countries, prepared by Niamh Sheridan, Patrizia Tumbarello, and Yiqun Wu
Publication
Copyright
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Cover; Contents; Executive Summary; I. Introduction; II. PICs Before and After the Global Crisis; III. Channels of Spillover: A Qualitative Analysis; IV. Assessing Growth Spillovers; A. Stylized Facts; B. Econometric Analysis; (1) Baseline scenario; (2) Downside scenarios; V. Assessing Spillovers to the Financial Sector; A. Stylized Facts; B. Spillovers from a Downside scenario; VI. What Role for Policies? Rebuilding Policy Buffers and Implementing Structural Reforms; References; Appendix: Technical Summary of Econometric Methodology and Results
Control code
795860138
Extent
1 online resource (41 pages)
Form of item
online
Isbn
9781475504491
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)795860138

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