Bashar, Omar H.M.N. - In: Journal of Asian Economics 23 (2012) 5, pp. 507-518
This paper revisits the issue of identification of aggregate demand and supply shocks in ASEAN countries using an … alternative identification scheme where the aggregate demand and supply shocks are allowed to be correlated. Applying the … technique of Cover, Enders, and Hueng (2006) within a bivariate Structural VAR model, this paper shows that aggregate demand and …