Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109402
Authors: 
Ramayandi, Arief
Year of Publication: 
2011
Series/Report no.: 
ADB Economics Working Paper Series 253
Abstract: 
This paper simulates the impact of a short-term shock originating from the global financial system on small open economies in the Association of Southeast Asian Nations (ASEAN). The simulation uses empirically estimated general equilibrium models for Indonesia, Malaysia, the Philippines, and Thailand. The study finds that the impact of a pure international financial shock on aggregate domestic price inflation and on output gap for each of the four ASEAN countries tends to be relatively small but long-lasting, placing challenges in the medium- to long-term management of economic volatility.
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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