Autor:
Andres Vaher

Teaduseminar "Economic Knock-On Effects of Russia’s Geopolitical Risk on Advanced Economies: A Global VAR Approach" (Michael Funke)

15.01.2024
#teadus

Economic Knock-On Effects of Russia’s Geopolitical Risk on Advanced Economies: A Global VAR Approach

 

8. veebruar 2024 kell 14.00 - 15.00 Delta ruum 1024 ja Zoom

 

Michael Funke (Hamburg University)

Using Russia as a case study and a global VAR model as methodological tool, we analyze how heightened geopolitical risk shocks propagate across the advanced economies and quantify the economic effects. The global VAR impulse response functions in response to the skyrocketing Russian geopolitical risk shock after Russia's invasion of Ukraine reveal a contraction of GDP and an increase of inflation. Eastern European neighboring countries are particularly affected by the Russian geopolitical risk shock. we also document a strong component of the Russian geopolitical risk shock which is not driven by fossil fuel prices.

 

Artikkel on leitav CESifo kodulehelt siin

 

Co-authors: Boris Blagov and Maximilian Dirks

Meeting ID: 964 9710 5088

Passcode: 308330

08. veebr

Teaduseminar "Economic Knock-On Effects of Russia’s Geopolitical Risk on Advanced Economies: A Global VAR Approach" (Michael Funke)

Delta ruum 1024 ja Zoom
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