The asymmetric effects of monetary policy with respect to stock market conditions in ASEAN-5
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. Estimating the models using mont...
Main Authors: | , , , |
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Format: | Conference or Workshop Item |
Language: | English |
Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2012
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Online Access: | http://psasir.upm.edu.my/id/eprint/51282/1/12-25.pdf |