Business cycles and monetary policy asymmetry: An investigation using Markov-switching models
This study assesses empirically the effects of monetary policy on four ASEAN economies in different states. The idea of asymmetry is being examined by using the relatively popular technique of non-linear modeling-Hamilton's Markov regime-switching model. The findings confirmed the existence of...
| Main Authors: | , |
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| Format: | Article |
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ELSEVIER SCIENCE BV
2007
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| Subjects: | |
| Online Access: | http://shdl.mmu.edu.my/3037/ |