Zare, Roohollah; Azali, M.; Habibullah, M. S.; … - In: Applied Economics 46 (2014) 20, pp. 2362-2374
This article examines the asymmetric effects of monetary policy on real output in bull and bear phases of stock market in five ASEAN economies (Malaysia, Singapore, Indonesia, the Philippines and Thailand) using the recently developed pooled mean group (PMG) technique. Stock market cycles are...