TAKAGI, SHINJI; KOZURU, ISSEI - In: The Singapore Economic Review (SER) 55 (2010) 01, pp. 59-81
The paper explores the nature of macroeconomic interdependence in post-crisis Asia. Empirical evidence suggests that, relative to the pre-crisis period, output and price correlations in Asia have increased and the output and price impacts of shocks originating within the region have risen. This...