The asymmetric effects of monetary policy in four Asian economies.
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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
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Universiti Putra Malaysia
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/17018/1/The%20asymmetric%20effects%20of%20monetary%20policy%20in%20four%20Asian%20economies.pdf |
| _version_ | 1825945928409808896 |
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| author | Tan, Siow Hooi Habibullah, Muzafar Shah Smith, Peter |
| author_facet | Tan, Siow Hooi Habibullah, Muzafar Shah Smith, Peter |
| author_sort | Tan, Siow Hooi |
| collection | UPM |
| description | 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 monetary policy is seen to have larger effects during downturns than during upswings. |
| first_indexed | 2024-03-06T07:39:08Z |
| format | Article |
| id | upm.eprints-17018 |
| institution | Universiti Putra Malaysia |
| language | English English |
| last_indexed | 2024-03-06T07:39:08Z |
| publishDate | 2008 |
| publisher | Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-170182016-01-21T01:32:22Z http://psasir.upm.edu.my/id/eprint/17018/ The asymmetric effects of monetary policy in four Asian economies. Tan, Siow Hooi Habibullah, Muzafar Shah Smith, Peter 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 monetary policy is seen to have larger effects during downturns than during upswings. Universiti Putra Malaysia 2008 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/17018/1/The%20asymmetric%20effects%20of%20monetary%20policy%20in%20four%20Asian%20economies.pdf Tan, Siow Hooi and Habibullah, Muzafar Shah and Smith, Peter (2008) The asymmetric effects of monetary policy in four Asian economies. International Applied Economics and Management Letters, 1 (1). pp. 1-7. English |
| spellingShingle | Tan, Siow Hooi Habibullah, Muzafar Shah Smith, Peter The asymmetric effects of monetary policy in four Asian economies. |
| title | The asymmetric effects of monetary policy in four Asian economies. |
| title_full | The asymmetric effects of monetary policy in four Asian economies. |
| title_fullStr | The asymmetric effects of monetary policy in four Asian economies. |
| title_full_unstemmed | The asymmetric effects of monetary policy in four Asian economies. |
| title_short | The asymmetric effects of monetary policy in four Asian economies. |
| title_sort | asymmetric effects of monetary policy in four asian economies |
| url | http://psasir.upm.edu.my/id/eprint/17018/1/The%20asymmetric%20effects%20of%20monetary%20policy%20in%20four%20Asian%20economies.pdf |
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