Ashvin Ahuja

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Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector’s extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse(More)
This paper explores ways to identify and deal with possible asset price bubble appropriately under the inflation-targeting framework. We establish statistical links between asset prices and macroeconomic and financial variables in Thailand. We also suggest ways for the central bank to identify financial vulnerabilities before they accumulate into a real(More)
  • Ashvin Ahuja, Chanchai Puengchanchaikul, Natta Piyakarnchana
  • 2004
This paper explores how optimal targeting rules in the form of inflation and output gaps can work in Thailand going forward. We begin first by exploring the period under exchange rate targeting during 1970-1997 to discern whether Thailand’s monetary and fiscal policies follow well-defined rules, and find that policy rules are not foreign to Thailand. We(More)
  • Ashvin Ahuja, Suchot Piamchol, Paiboon Pongpaichet, Tanawat Ruenbanterng, Surach Tanboon
  • 2010
Our research contributes to a deeper understanding of the interaction between the real and financial sides of the economy by analyzing how balance sheets of not only firms but also banks amplify and propagate business cycles. Based on an open-economy dynamic stochastic general equilibrium model with a double financial accelerator mechanism, our model(More)
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