Douven, Rudy; Peeters, Marga - Volkswirtschaftliche Fakultät, … - 1998
dynamic multi-country models. To compare the size of the spillovers, we consider simulations in which GDP for a certain number … are large in size. An important transmission mechanism in the contribution to foreign GDP is found to be the foreign real … interest rate, contributions to foreign GDP generated through trade are found to be small. In empirical models with endogenous …