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Cumulative Dynamic Multiplier: INF on KLCI 20 O -20 -80 -100 -120 5 10 15 20 25 30 Horizon Pos. Response Neg. Response 35

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Cumulative Dynamic Multiplier: INF on KLCI 20 O -20 -80 -100 -120 5 10 15 20 25 30 Horizon Pos. Response Neg. Response 35 40 45 50 Asymmetry 95% C' - pos. Long-run limit Neg. Long-run limit

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