Monetary policy effectiveness and stock market cycles in ASEAN-5

• 主要な著者: Zare, Roohollah, Mohamed, Azali, Habibullah, Muzafar Shah, Wan Ngah, Wan Azman Saini
• フォーマット: Conference or Workshop Item
• 言語: English
• 出版事項: School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia 2013
• オンライン･アクセス: http://psasir.upm.edu.my/id/eprint/26081/1/26081.pdf; http://psasir.upm.edu.my/id/eprint/26081/; http://www.ukm.my/fep/perkem/contents/perkem2013-1-09.html

This paper examines the asymmetric effects of monetary policy on real output in Bull and Bear phases of stock market in five ASEAN economies (Malaysia, Singapore, Indonesia, the Philippines and Thailand) using the recently developed pooled mean group (PMG) technique. Stock market cycles are identifi...