外部经济（中国、欧洲）放缓对美国经济的影 响.docxVIP

The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective Ozge Akinci, Gianluca Benigno, and Paolo Pesenti OVER VIE W Global economic activity decelerated noticeably over the course of 2018, owing to various factors that affected major econ- omies—including those of China and the euro area. At the same time, foreign growth projections for 2019 and 2020 were lowered, signaling potentially large headwinds for the U.S. economy. The authors use a multi-country dynamic stochastic general equi- librium (DSGE) model to study the role of financial integration in the glob