This paper investigates the monetary transmission mechanism in Thailand, employing a VAR approach. It is found that the Bank of Thailand has leverage over the real interest rate in the short run due to inflation inertia. It is also found that the Thai monetary transmission mechanism has...

Using relatively recent data, this paper examines the causal relation between trade and production in some Asian developing countries. We find that causality analyses provide no evidence of export-led growth. Export-oriented growth has not been the primary strategy.

Using cointegration and structural vector autoregression (SVAR) techniques this paper investigates the effect of Bank Indonesia's (BI) monetary policy on inflation during the post-1997 crisis monetary-targeting period. Our analysis suggests that BI's monetary policy does not have systematic...