Did Output Recover From the Asian Crisis? /
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 afte...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2003.
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| Series: | IMF Working Papers; Working Paper ;
No. 2003/048 |
| Subjects: | |
| Online Access: | Full text available on IMF |