01768cas a2200265 a 4500 AALejournalIMF015071 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498399609 1018-5941 BD-DhAAL BD-DhAAL Jakab, Zoltan. A Global Projection Model for Euro Area Large Economies / Zoltan Jakab, Pavel Lukyantsau, Shengzu Wang. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. This paper creates a special version of GPM that includes the four largest Euro Area (EA) countries. The EA countries are more vulnerable to domestic and external demand shocks because adjustments in the real exchange rate between EA countries occur more gradually through inflation differentials. Spillovers from tight credit conditions in each EA country are limited by direct trade channels and small confidence spillovers, but we also consider scenarios where banks in all EU countries tighten credit conditions simultaneously. Mode of access: Internet Lukyantsau, Pavel. Wang, Shengzu. IMF Working Papers; Working Paper ; No. 2015/050 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/050/001.2015.issue-050-en.xml IMF e-Library