01682cas a2200313 a 4500 AALejournalIMF002317 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846751 1018-5941 BD-DhAAL BD-DhAAL Cerra, Valerie. Did Output Recover From the Asian Crisis? / Valerie Cerra, Sweta Saxena. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly after the crisis, there is evidence of permanent losses in the levels of output in all of the countries studied. Mode of access: Internet Business Cycles imf Crisis imf Growth Rate imf WP imf Hong Kong Special Administrative Region, People's Republic of China imf Saxena, Sweta. IMF Working Papers; Working Paper ; No. 2003/048 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/048/001.2003.issue-048-en.xml IMF e-Library