Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/192979
Authors: 
Schröder, Enno
Picek, Oliver
Year of Publication: 
2017
Series/Report no.: 
IMK Working Paper 181
Abstract: 
We calibrate a closed multi-country input-output model with data from the World Input-Output Database to estimate the size of spillover effects of Germany’s final demand on GDP, employment, and the trade balance in Southern European countries. We find that spillover effects are rather small. Germany alone will hardly make a significant contribution to the external adjustment process in the European South.
Subjects: 
euro area
macroeconomic imbalances
external adjustment
input-output analysis
global value chains
spillover effects
JEL: 
F14
F32
F42
C67
Document Type: 
Working Paper
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