Vu, Tuan Khai; Nakata, Hayato - Institute of Economic Research, Hitotsubashi University - 2014
We use a VAR with block exogeneity to study the effects of oil price fluctuations on the economies of six ASEAN countries. Our method has an advantage over those used in the literature in that it allows us to focus on the effects of oil shocks while avoiding making unnecessary, and often ad hoc...