An Economic Analysis of Monetary Policy in Four ASEAN Economies

• Main Author: Tan, Siow Hooi
• Format: Thesis
• Language: English; English
• Published: 2005
• Subjects: Monetary policy - Asean countries; Monetary unions - Asean countries
• Online Access: http://psasir.upm.edu.my/id/eprint/6193/1/FEP_2005_1.pdf; http://psasir.upm.edu.my/id/eprint/6193/
• Institution: Universiti Putra Malaysia

Asymmetric effect, in the context of monetary policy, refers to a situation in which the effects of a given policy are not constant but vary depending on the circumstances. By employing a relatively popular technique of non-linear modelling - for instance, Hamilton's Markov-switching model -...