Did Output Recover from the Asian Crisis?

By Valerie Cerra, S. Saxena. International Monetary Fund Staff Papers, 2003

112 citations recorded by the source corpus.

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 the countries studied.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/11a32700b6e2f9a310d1cb356ab3025ff217f5ba

Citations in the corpus

• How does fiscal policy react to wealth composition and asset prices (2012, unknown): “[27] Cerra, V.”