The asymmetric effects of monetary policy in four Asian economies.

• 主要な著者: Tan, Siow Hooi, Habibullah, Muzafar Shah, Smith, Peter
• フォーマット: 論文
• 言語: English; English
• 出版事項: Universiti Putra Malaysia 2008
• オンライン･アクセス: http://psasir.upm.edu.my/id/eprint/17018/1/The%20asymmetric%20effects%20of%20monetary%20policy%20in%20four%20Asian%20economies.pdf; http://psasir.upm.edu.my/id/eprint/17018/

The idea that the effectiveness of monetary policy measures may depend on the state of the economy is examined for four Asian economies using a generalized Hamilton Markov switching model of output due to Garcia and Schaller (2002). The null hypothesis of symmetry is rejected for these economies and...