Asymmetric effects of monetary policy in ASEAN-4 economies
By employing the Markov-switching model, this study examines if real output asymmetrically responds to monetary policy shocks in Indonesia, Malaysia, the Philippines and Thailand. This study provides evidence that a contractionary monetary policy has a larger absolute impact than an expansionary p...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EuroJournals Publishing
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/22742/1/Asymmetric%20effects%20of%20monetary%20policy%20in%20ASEAN.pdf |
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