Monetary Policy and External Factors: Empirical Evidence for Association of Southeast Asian Nations 3
The motivation for this paper is the external factors can be the important objectives of the monetary policy in a small open economy. This study will extend the standard Taylor rule that initially encompassed output and inflation by adding the exchange rate and terms of trade. By using the augmente...
Main Authors: | Pei-Tha Gan, Nyuk-Ling Lee, Mohd Yahya Mohd Hussin, Norimah Rambeli |
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Format: | Article |
Language: | English |
Published: |
EconJournals
2016-10-01
|
Series: | International Journal of Economics and Financial Issues |
Online Access: | https://econjournals.com/index.php/ijefi/article/view/2989 |
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