Understanding the distinction between the responses of Newly Industrialized Asian Economies and ASEAN Economies to foreign and domestic output shocks within the New Keynesian framework via a Small Open Economy Vector Error Correction Model (VECM)
Theoretically acceptable and empirically coherent economic modelling has been a problem in open economy macroeconomics. In an attempt to address this problem, Dungey and Vehbi (2011), grounded by New Keynesian assumptions, developed a Structural Vector Error Correction Model. We apply this theory-co...
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Main Authors: | , , , |
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Format: | text |
Language: | English |
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Animo Repository
2014
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Subjects: | |
Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/10606 |
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Institution: | De La Salle University |
Language: | English |