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Message: <blockquote data-quote="lejie" data-source="post: 2118101" data-attributes="member: 755243"><p>The movement of inflation to its own shock exhibits relative smoothness for the entire period in all countries except in Hong Kong and the Philippines. However, shock in inflation causes positive fluctuations in nominal interest rates in the following countries only: Australia, Indonesia, Korea, the Philippines, Singapore, and Thailand. The shock in interest rates has a positive effect on interest rates in all countries. However, shock in interest rate has no impact on the inflation rate in all countries.</p></blockquote><p></p>