A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2018; you can also visit the original URL.
The file type is application/pdf
.
International Journal of Economics and Financial Issues Monetary Policy and External Factors: Empirical Evidence for Association of Southeast Asian Nations 3
2016
International Journal of Economics and Financial Issues
unpublished
The motivation for this paper is the external factors can be the important objectives of the monetary policy in a small open economy. This study will extend the standard Taylor rule that initially encompassed output and inflation by adding the exchange rate and terms of trade (TOT). By using the augmented Taylor rule, this paper examines exchange rates and TOT and determines its empirical validity based on a sample of Association of Southeast Asian Nations 3 countries. Using the technique of
fatcat:mhrmn57uwzd6fetulrw6xubv7i