Phillips curve for the Asian economies: A nonlinear perspective
This paper examines the impact of exchange-rate movements on inflation in eight Asian countries. Results from an open-economy Phillips curve are; first, the Markov-switching open-economy model confirm that the two-state Phillips curve outperforms alternative models to study inflation dynamics. There...
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Main Authors: | , , |
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Format: | Article |
Published: |
Routledge Journals, Taylor & Francis Ltd
2021
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Online Access: | http://eprints.um.edu.my/27198/ |
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