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"What Can Macroeconometric Models Say About Asia-Type Crises?" May 1999, for presentation at the Twelfth World Congress of the International Economic Association, Buenos Aires, Argentina, August 23-27, 1999, unpublished.

Paper: pdf file

This paper uses a multicountry econometric model to examine Asia-type crises. Experiments are run for Thailand, Malaysia, the Philippines, and Korea, each corresponding to a depreciation of the country's currency. The results suggest that both the expansionary and inflationary effects of a depreciation are in general fairly large.


This paper uses the MC model to examine Asia-type crises.

The results in this paper can be duplicated on this site. Chapter 3 of The MC2 Model Workbook explains how to do this--Chapter 3, MC2 Workbook.