Asset booms and fat tails in East Asia symmetric or asymmetric risks? Maria Socorro Gochoco-Bautista,.

Asset booms and fat tails in East Asia symmetric or asymmetric risks?

Do housing and equity booms significantly raise the probability at the margin of the realization of extreme outcomes in output and prices, and are the worst outcomes just as likely to occur as the good ones? This study addresses these questions for a group of eight East Asian countries. The risk of...

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Bibliographic Details
Published in:Journal of Macroeconomics 30, 4 (2008).
Main Author: Bautista, Maria Socorro Gochoco
Format: Article
Language:English
Subjects:
Asset-backed financing > East Asia.
Monetary policy > East Asia.
Online Access:Available for University of the Philippines - Diliman via Science Direct . Click here to access