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East Asia has experienced a dramatic decrease in output growth volatility over the past 20 years. This is good news, as … output growth volatility affects poor households because of coping strategies that have long-term, harmful consequences, and … decline in volatility, and derives lessons about ways to mitigate renewed upward pressure in face of the financial crisis. The …
Persistent link: https://www.econbiz.de/10012551912
Persistent link: https://www.econbiz.de/10003857061
Because many authors have proposed stimulating the ailing Japanese economy by monetary expansion and yen depreciation, we explore the repercussions of depreciating the yen against the dollar on the other East Asian economies - which largely peg to the dollar. Since 1980, economic integration...
Persistent link: https://www.econbiz.de/10012729281
Because many authors have proposed stimulating the ailing Japanese economy by monetary expansion and yen depreciation, we explore the repercussions of depreciating the yen against the dollar on the other East Asian economies - which largely peg to the dollar. Since 1980, economic integration...
Persistent link: https://www.econbiz.de/10014075471
model to assess the impact of the United States (US) output, world trade, financial volatility, and the PRC output shocks on …
Persistent link: https://www.econbiz.de/10011581854
Persistent link: https://www.econbiz.de/10011375815
We estimate conditional duration models to analyse recovery processes in emerging market economies. Our reduced form specification is parsimonious, as we focus on exogenous factors, such as the effect of growth in the US, EU, and Japan on the prospects for recovery in emerging market economies...
Persistent link: https://www.econbiz.de/10012986481
The paper assesses how close Asian countries are to an Optimal Currency Area in terms of business cycle synchronization, with a focus on supply shock asymmetry. Based on a Structural VAR model, the importance of symmetric and asymmetric supply shocks is teasted for all ASEAN+3 countries. In...
Persistent link: https://www.econbiz.de/10013213759
expenditure volatility to output than Latin American countries, and strong countercyclical net exports. More interestingly, the …
Persistent link: https://www.econbiz.de/10013076742
Against the background of the rapid inter- and intra-regional integration of East Asia, we examine the extent and nature of synchronisation of business cycles in the region. We estimate various specifications of a dynamic common factor model for output growth of ten East Asian countries. A...
Persistent link: https://www.econbiz.de/10013317511