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)

• Main Authors: Joaquin, Ana Teresa B., Leachon, Rachel Caroline V., Manansala, Joyce Maxine P., Reyes, Sedfrey C.
• Format: text
• Language: English
• Published: Animo Repository 2014
• Subjects: Southeast Asia > Economic conditions; Currency question; Business cycles; Vector analysis; Economics
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/10606
• Institution: De La Salle University

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...