期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2014
卷号：6
期号：2
页码：206
DOI：10.5539/ijef.v6n2p206
出版社：Canadian Center of Science and Education
摘要：In this paper, we investigate whether external shocks originating from the global economy as well as from the U.S. played an important role in macroeconomic fluctuations of East Asian countries during the period 2001-2012. We further check if these shocks lead to asymmetric or symmetric reactions between the considered countries. Using a structural VAR model for 7 East Asian countries, we find that oil prices and U.S. monetary shocks are more important to the variance of domestic variables than U.S. output shocks. Additionally, impulse responses of domestic variables are highly symmetric when these external shocks occur.
