A Small Open Economy Model to Assess Macroeconomic Policy Performance: The Case of Malaysia

This paper develops a prototype macroeconomic model for assessing monetary and fiscal policy in a small emerging-market open economy. We then use this model to evaluate the performance of monetary and fiscal policies in Malaysia between 2005 and 2021.

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China: Transitioning from Pandemic-Induced Downturn to Sustained High-Quality Growth

Economic activities in Brunei Darussalam have picked up since mid-2022. Thanks to high vaccination rates, daily new cases of COVID-19 have declined sharply since April 2022, enabling containment measures and border restrictions to be lifted.

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Lao PDR: Enhanced Fiscal and Monetary Discipline Essential for Continued Recovery with Macro-financial Stability

The Lao PDR’s economy is expected to maintain its recovery from the COVID-19 pandemic in 2023. However, currency depreciation and surging inflation are challenges to sustaining the economic recovery.

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AMRO’s 2022 Annual Consultation Report on Korea

The Korean economy has recovered strongly from the pandemic, led by robust export growth and a strong rebound in private consumption. However, inflation remains elevated and the economic outlook in the near term has deteriorated amid tighter financial conditions and weakening external demand.

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