BEGIN:VCALENDAR
VERSION:2.0
BEGIN:VEVENT
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Risto Herrala (Bank of Finland): Assessing the Global Impact of the Chinese Economy =0D=0A Co-author: Fabrice Orlandi (European Commission) =0D=0A Abstract We study the global impact of the Chinese economy indirectly with a forecast error model. The novel application of this model type builds on the discovery of an equivalence between causal influence and the channel from data revisions of the causing variable to forecast errors of the caused variable. Empirical findings using the real-time World Economic Outlook dataset over the period 2004 ̶ 15 indicate that real GDP growth spillover from China to other countries was primarily negative in the short to mid-term perspective. However, the estimations furthermore reveal a changing pattern of spillover across countries and time. While negative spillover was prevalent during the global financial crisis, spillover was mostly positive during the rest of the sample period.=0D=0A BOFIT seminars are open to all researchers interested in the subjects covered. Those wishing to attend a seminar are kindly asked to register in advance, by email bofit(at)bof.fi or tel. +358 9 183 2268. =0D=0A Seminars take place, as a rule, on Tuesdays, starting at 10.30 a.m. Visitors are escorted to the seminar room from the Rauhankatu 19 B (Library) entrance. =0D=0A
DTEND:20190806T083000Z
DTSTAMP:20190708T080714Z
DTSTART:20190806T073000Z
LOCATION:Bank of Finland, Rauhankatu 19 B, Helsinki
SUMMARY:Risto Herrala (Bank of Finland): Assessing the Global Impact of the Chinese Economy
END:VEVENT
END:VCALENDAR