European Parliament Library

Thailand :, Selected Issues

Abstract
To estimate the New Keynesian model, we use four key macroeconomic series for Thailand. The priors are chosen to reflect general considerations of the appropriate model dynamics and our judgment about the Thai economy. The model is solved initially so that the baseline forecast replicates staff baseline projections over the medium term. We analyze two main risk scenarios, and estimate that the output in Thailand may decline by up to 0.9 percent relative to the baseline. However, the adverse impact on Thai output is likely to be smaller than suggested above
Table Of Contents
Cover; Contents; I. Much Ado About Nothing? Estimating the Impact of a U.S. Slowdown on Thai Growth; A. Introduction; B. The Model; C. Results; D. Confidence Intervals; E. Conclusion; Figures; 1. Data Used for Estimation; 2. Responses to a 1 Percent Slowdown in U.S. Growth; 3. Robustness--Confidence Intervals of GDP Growth Responses; Table; 1. Model Parameter Estimation Results; References; II. Global Volatility, Exchange Rates in Asia and the Thai Foreign Exchange Market; A. Introduction; B. Foreign Exchange Returns and Volatility: Empirical Analysis
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (45 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613880888

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