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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Detalles Bibliográficos
Autor Principal: Cerra, Valerie
Outros autores: Saxena, Sweta
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2003.
Series:IMF Working Papers; Working Paper ; No. 2003/048
Subjects:
Acceso en liña:Full text available on IMF