Article ID Journal Published Year Pages File Type
5056140 Economic Modelling 2006 15 Pages PDF
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.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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