Trade linkages, balance sheets, and spillovers : the Germany-Central European Supply Chain

Selim Elekdag and Dirk Muir

Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in aprocess of deepening economic integration which has lead to the development of a dynamicsupply chain within Europe?the Germany-Central European Supply Chain (GCESC). Model-based simulations suggest two key policy implications: First, as a reflection ofstrengthening trade linkages, German fiscal spillovers to the CE4 and more broadly to therest of the euro area, have increased over time, but are still relatively small. This is explainedby the supply chain nature of trade integration: final demand in Germany is

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Year of publication:	2013
Authors:	Elekdaǧ, Selim Ali ; Muir, Dirk
Publisher:	Washington, DC : IMF
Subject:	Regionale Wirtschaftsintegration \| Regional economic integration \| Vertikale Integration \| Vertical integration \| Lieferkette \| Supply chain \| Finanzpolitik \| Fiscal policy \| Geldpolitische Transmission \| Monetary transmission \| Spillover-Effekt \| Spillover effect \| Deutschland \| Germany \| Tschechien \| Czech Republic \| Ungarn \| Hungary \| Polen \| Poland \| Slowakei \| Slovakia

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Extent:	Online-Ressource (28 S.) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 13/210
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Description based upon print version of record Systemvoraussetzungen: Acrobat Reader Cover; Abstract; Contents; I. Introduction; II. Model; A. Overview; B. Calibration; Figures; 1. A Two-Country Representation of the GIMF Model; Tables; 1. Summary of the Trade Matrix: 1996 versus 2011; III. Results; A. Spillovers: How Has the Supply Chain Changed Them?; Aggregate Demand Shocks; 2. Aggregate Demand Shock; Fiscal Stimulus Shocks; 3. Fiscal Stimulus Shock; Financial Shocks; Summary; 4. Corporate Spread Shock; B. Spillovers: What if German Balance Sheets Were More Fragile?; 5. The Role of Balance Sheets: Debt-to-GDP Ratios Across Sectors 6. Selected European Economies: Sovereign Debt and Yields7. Lending Spreads in Italy and Spain Relative to Germany; 8. Aggregate Demand Shock; Summary; 9. Robustness: Aggregate Demand Shock; IV. Concluding Remarks; References; Appendix
ISBN:	978-1-4843-5518-3
Other identifiers:	10.5089/9781484355183.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010212242