LEADER 04455oam 22010934 450 001 9910788236703321 005 20230721045622.0 010 $a1-4623-8405-6 010 $a1-4527-4202-2 010 $a1-282-84091-6 010 $a1-4518-6998-3 010 $a9786612840913 035 $a(CKB)3170000000055040 035 $a(EBL)1607892 035 $a(SSID)ssj0000944174 035 $a(PQKBManifestationID)11485781 035 $a(PQKBTitleCode)TC0000944174 035 $a(PQKBWorkID)10982599 035 $a(PQKB)10036915 035 $a(OCoLC)252901342 035 $a(MiAaPQ)EBC1607892 035 $a(IMF)WPIEE2008140 035 $a(EXLCZ)993170000000055040 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMuch Ado About Nothing? Estimating the Impact of a U.S. Slowdown on Thai Growth /$fShekhar Aiyar, Ivan Tchakarov 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (20 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/140 300 $aDescription based upon print version of record. 311 $a1-4519-1451-2 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. The Model; III. Results; IV. Confidence Intervals; V. Conclusion; Figures; 1. Data Used for Estimation; 2. Responses to a 1 Percent Slowdown in U.S. Growth; 3. Robustness--Confidence Intervals of GDP Growth Responses; Table; 1. Model Parameter Estimation Results; References 330 3 $aExternal demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to the US has fallen in recent years, the US remains Thailand's largest export destination. We use a small structural model and Bayesian estimation to assess the possible impact of a U.S. slowdown on Thai growth. We find that a 1 percent slowdown in U.S. growth in 2008-relative to the baseline forecast-could have an upper-bound impact on Thai GDP growth of 0.9 percentage points. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/140 606 $aExports$zThailand$xEconometric models 606 $aEconomic development$zThailand$xEconometric models 606 $aBanks and Banking$2imf 606 $aForeign Exchange$2imf 606 $aInflation$2imf 606 $aProduction and Operations Management$2imf 606 $aMacroeconomics: Production$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aInterest Rates: Determination, Term Structure, and Effects$2imf 606 $aMacroeconomics$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aFinance$2imf 606 $aOutput gap$2imf 606 $aExchange rates$2imf 606 $aReal exchange rates$2imf 606 $aReal interest rates$2imf 606 $aProduction$2imf 606 $aEconomic theory$2imf 606 $aPrices$2imf 606 $aInterest rates$2imf 607 $aThailand$xForeign economic relations$zUnited States$xEconometric models 607 $aUnited States$2imf 615 0$aExports$xEconometric models. 615 0$aEconomic development$xEconometric models. 615 7$aBanks and Banking 615 7$aForeign Exchange 615 7$aInflation 615 7$aProduction and Operations Management 615 7$aMacroeconomics: Production 615 7$aPrice Level 615 7$aDeflation 615 7$aInterest Rates: Determination, Term Structure, and Effects 615 7$aMacroeconomics 615 7$aCurrency 615 7$aForeign exchange 615 7$aFinance 615 7$aOutput gap 615 7$aExchange rates 615 7$aReal exchange rates 615 7$aReal interest rates 615 7$aProduction 615 7$aEconomic theory 615 7$aPrices 615 7$aInterest rates 676 $a382.6 700 $aAiyar$b Shekhar$01095044 701 $aTchakarov$b Ivan$01485200 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788236703321 996 $aMuch Ado About Nothing? Estimating the Impact of a U.S. Slowdown on Thai Growth$93704196 997 $aUNINA