How Trade Composition Affects Sensitivity to Foreign Shocks: Applying a Global VAR Model to Ukraine
This paper studies the transmission of foreign output shocks to real activity in Ukraine through international trade. We employ a global vector auto regressive (GVAR) model that captures about 80% of the world economy and incorporates time-varying trade and financial weights. According to our estima...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
National Bank of Ukraine
2019-03-01
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| Series: | Visnyk of the National Bank of Ukraine |
| Subjects: | |
| Online Access: | http://journal.bank.gov.ua/uploads/articles/247_1.pdf |