The effects of macroeconomic shocks on the Brunei economy: a sign restriction approach
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Description
This paper examines the impact of oil price, foreign monetary policy, and domestic government spending shocks on the Brunei economy from 2003Q1 to 2014Q3 based on a structural vector autoregression model with shocks identified using the sign restriction methodology. The results show that an unanticipated oil price decline has a negative effect on government expenditure, and consequently non-oil GDP. Foreign monetary policy shocks also affect the economy through their impact on the interest...[Show more]
Collections | ANU Research Publications |
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Date published: | 2017 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/265440 |
Source: | Journal of the Asia Pacific Economy |
DOI: | 10.1080/13547860.2016.1261497 |
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01_Koh_The_effects_of_macroeconomic_2017.pdf | 1.13 MB | Adobe PDF | Request a copy |
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