Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5056140 | Economic Modelling | 2006 | 15 Pages |
Abstract
In this paper we investigate whether real interest rates for a number of Asian economies are constant but subject to occasional jumps using the Markov switching technique. We find evidence that all six rates under consideration have generally been stable, only shifting in response to either international or country-specific shocks.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Terence C. Mills, Ping Wang,