Transmission channels of economic shocks in ASEAN

This Policy Brief is based on ERIA Discussion Paper 2013-18 titled "Managing Economic Shocks and Macroeconomic Coordination in an Integrated Region: ASEAN Beyond 2015". It examines the transmission of economic shocks both from the rest of the world into the ASEAN region and into a typical...

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Main Authors: Majuca, Ruperto P., Pagaduan, Jesson
Format: text
Published: Animo Repository 2014
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Online Access:https://animorepository.dlsu.edu.ph/faculty_research/7938
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Institution: De La Salle University
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spelling oai:animorepository.dlsu.edu.ph:faculty_research-82912022-12-13T22:54:43Z Transmission channels of economic shocks in ASEAN Majuca, Ruperto P. Pagaduan, Jesson This Policy Brief is based on ERIA Discussion Paper 2013-18 titled "Managing Economic Shocks and Macroeconomic Coordination in an Integrated Region: ASEAN Beyond 2015". It examines the transmission of economic shocks both from the rest of the world into the ASEAN region and into a typical ASEAN member state (AMS). "Typical" here means representative AMSs, e.g., Singapore for a developed country, Philippines or Indonesia for ASEAN-5 economies and Viet Nam for the CLMV (Cambodia, Lao PDR, Myanmar, Viet Nam), where the latter was chosen for data availability reasons. This paper looks into the trade and financial linkages of a typical AMS and employs a specialised type of vector autoregression (VAR) model to decompose the shocks into trade shocks, financial shocks, and commodity price shocks. The Brief concludes with an analysis of the implications for macroeconomic policy coordination in the region. 2014-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/faculty_research/7938 Faculty Research Work Animo Repository Southeast Asia—Economic conditions Regional economics—Southeast Asia Economics
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
topic Southeast Asia—Economic conditions
Regional economics—Southeast Asia
Economics
spellingShingle Southeast Asia—Economic conditions
Regional economics—Southeast Asia
Economics
Majuca, Ruperto P.
Pagaduan, Jesson
Transmission channels of economic shocks in ASEAN
description This Policy Brief is based on ERIA Discussion Paper 2013-18 titled "Managing Economic Shocks and Macroeconomic Coordination in an Integrated Region: ASEAN Beyond 2015". It examines the transmission of economic shocks both from the rest of the world into the ASEAN region and into a typical ASEAN member state (AMS). "Typical" here means representative AMSs, e.g., Singapore for a developed country, Philippines or Indonesia for ASEAN-5 economies and Viet Nam for the CLMV (Cambodia, Lao PDR, Myanmar, Viet Nam), where the latter was chosen for data availability reasons. This paper looks into the trade and financial linkages of a typical AMS and employs a specialised type of vector autoregression (VAR) model to decompose the shocks into trade shocks, financial shocks, and commodity price shocks. The Brief concludes with an analysis of the implications for macroeconomic policy coordination in the region.
format text
author Majuca, Ruperto P.
Pagaduan, Jesson
author_facet Majuca, Ruperto P.
Pagaduan, Jesson
author_sort Majuca, Ruperto P.
title Transmission channels of economic shocks in ASEAN
title_short Transmission channels of economic shocks in ASEAN
title_full Transmission channels of economic shocks in ASEAN
title_fullStr Transmission channels of economic shocks in ASEAN
title_full_unstemmed Transmission channels of economic shocks in ASEAN
title_sort transmission channels of economic shocks in asean
publisher Animo Repository
publishDate 2014
url https://animorepository.dlsu.edu.ph/faculty_research/7938
_version_ 1767196727209623552