Inflation Dynamics In Asia
DOWNLOAD
Download Inflation Dynamics In Asia PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Inflation Dynamics In Asia book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Inflation Dynamics In Asia
DOWNLOAD
Author : Ms.Carolina Osorio
language : en
Publisher: International Monetary Fund
Release Date : 2011-11-01
Inflation Dynamics In Asia written by Ms.Carolina Osorio and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-01 with Business & Economics categories.
The perception that Asia's inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that there is little scope for a policy reaction to a build-up of inflationary pressures. However, Asia's fast growth and integration over the last two decades suggest that the drivers of inflation may have changed, and that domestic demand pressures may now play a larger role than in the past. This paper presents a quantitative analysis of inflation dynamics in Asia using a Global VAR (GVAR) model, which explicitly incorporates the role of regional and global spillovers in driving Asia's inflation. Our results suggest that over the past two decades the main drivers of inflation in Asia have been monetary and supply shocks, but also that, in recent years, the contribution of these shocks has fallen, whereas demand-side pressures have started to emerge as an important contributor to inflation in Asia.
Inflation Dynamics And Monetary Policy Transmission In Vietnam And Emerging Asia
DOWNLOAD
Author : Ms.Rina Bhattacharya
language : en
Publisher: International Monetary Fund
Release Date : 2013-07-03
Inflation Dynamics And Monetary Policy Transmission In Vietnam And Emerging Asia written by Ms.Rina Bhattacharya and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-03 with Business & Economics categories.
This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging market economies in the region? It focuses on understanding the monetary policy transmission mechanism in Vietnam, and in understanding the extent to which monetary policy can explain why inflation in Vietnam has been higher than in other Asian emerging markets over the past decade.
Globalisation Inflation And Monetary Policy In Asia And The Pacific
DOWNLOAD
Author : Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico
language : en
Publisher:
Release Date : 2014
Globalisation Inflation And Monetary Policy In Asia And The Pacific written by Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Asia categories.
The research papers presented at the conference covered the dynamics of inflation forecasts in the region; the measurement of economic slack; supply chains and inflation spillovers; financial globalisation and the role of exchange rate in monetary policy; global commodity price cycles and their monetary policy implications; and the role of inflation in China's monetary policy rule. This volume is a collection of the speeches, presentations and a background paper from the conference."--Abstract.
Monetary Policy And Inflation Dynamics In Asean Economies
DOWNLOAD
Author : Geraldine Dany-Knedlik
language : en
Publisher: International Monetary Fund
Release Date : 2018-06-21
Monetary Policy And Inflation Dynamics In Asean Economies written by Geraldine Dany-Knedlik and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-21 with Business & Economics categories.
This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017. To account for changes in the monetary policy frameworks since the Asian Financial Crisis (AFC), the analysis is based on country-specific Phillips curves allowing for time-varying parameters. The paper finds evidence of a higher degree of forward-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in the region. In contrast, the quantitative impact of cyclical fluctuations and import prices has gradually diminished over time.
Inflation And Deflation In East Asia
DOWNLOAD
Author : Frank Rövekamp
language : en
Publisher: Springer Nature
Release Date : 2023-05-13
Inflation And Deflation In East Asia written by Frank Rövekamp and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-13 with Business & Economics categories.
In light of the deflationary trends following the 2008/2009 financial crisis, as well as the return of inflation triggered by the COVID-19 pandemic and the war in Ukraine, this book offers insights into price stability issues in various East Asian countries. Leading scholars from the fields of economics and law as well as central bank practitioners present case studies on Japan, Korea, Singapore, and Taiwan. The contributors address topics such as quantitative monetary easing, the role of global and domestic shocks on inflation dynamics, and other monetary policy issues. In doing so, the book goes into detail about the individual forces and effects of deflation and inflation and compares the Asian experience with that of the Eurozone.
Globalisation And Inflation Dynamics In Asia And The Pacific
DOWNLOAD
Author : Bank for International Settlements. Research Workshop
language : en
Publisher:
Release Date : 2013
Globalisation And Inflation Dynamics In Asia And The Pacific written by Bank for International Settlements. Research Workshop and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Globalisation And Inflation Dynamics In Asia And The Pacific
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2013
Globalisation And Inflation Dynamics In Asia And The Pacific written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Global Value Chain And Inflation Dynamics
DOWNLOAD
Author : Vu Chau
language : en
Publisher: International Monetary Fund
Release Date : 2024-03-22
Global Value Chain And Inflation Dynamics written by Vu Chau and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-22 with Business & Economics categories.
We study the inflationary impacts of pandemic lockdown shocks and fiscal and monetary stimulus during 2020-2022 using a novel harmonized dataset of sectoral producer price inflation and input-output linkages for more than 1000 sectors in 53 countries. The inflationary impact of shocks is identified via a Bartik shift-share design, where shares reflect the heterogeneous sectoral exposure to shocks and are derived from a macroeconomic model of international production network. We find that pandemic lockdowns, and subsequent reopening policies, were the most dominant driver of global inflation in this period, especially through their impact on aggregate demand. We provide a decomposition of lockdown shock by sources, and find that between 20-30 percent of the demand effect of lockdown/reopening is due to spillover from abroad. Finally, while fiscal and monetary policies played an important role in preventing deflation in 2020, their effects diminished in the recovery years.
Globalisation Inflation And Monetary Policy In Asia And The Pacific
DOWNLOAD
Author : Bank for International Settlements
language : en
Publisher:
Release Date : 2015
Globalisation Inflation And Monetary Policy In Asia And The Pacific written by Bank for International Settlements and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
The People's Bank of China and the Bank for International Settlements co-hosted a research conference on "Globalisation and Inflation Dynamics in Asia and the Pacific" on 23-24 September 2013 in Beijing. This was the wrap-up conference for the BIS Asian Office's two-year research programme on globalisation and inflation that was launched by the Asian Consultative Council in February 2012. The event brought together senior officials and researchers from central banks, international organisations and academia. Governor Zhou Xiaochuan of the People's Bank of China made the opening remarks and former Governor Masaaki Shirakawa of the Bank of Japan delivered the keynote address. The research papers presented at the conference covered the dynamics of inflation forecasts in the region; the measurement of economic slack; supply chains and inflation spillovers; financial globalisation and the role of exchange rate in monetary policy; global commodity price cycles and their monetary policy implications; and the role of inflation in China's monetary policy rule. This volume is a collection of the speeches, presentations and a background paper from the conference.While the full publication can be downloaded using the above link, individual contributions are available separately:"http://ssrn.com/abstract=2474025" Inflation Forecasts in Asia and the Pacific: Performance, Disagreement and Spillovers"http://ssrn.com/abstract=2474027" Measuring Economic Slack in Asia and the Pacific"http://ssrn.com/abstract=2474029" Is Inflation (or Deflation) "Always and Everywhere" a Monetary Phenomenon?"http://ssrn.com/abstract=2474030" Real Globalisation and Price Spillovers in Asia and the Pacific"http://ssrn.com/abstract=2474032" Responding to Exchange Rates in a Globalised World"http://ssrn.com/abstract=2474034" Has Asian Emerging Market Monetary Policy Been Too Procyclical When Responding to Swings in Commodity Prices?"http://ssrn.com/abstract=2474036" Inflation and China's Monetary Policy Reaction Function: 2002-2013"http://ssrn.com/abstract=2474717" How Anchored are Inflation Expectations in Asia? Evidence from Surveys of Professional Forecasters.
Thailand
DOWNLOAD
Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2017-05-31
Thailand written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-31 with Business & Economics categories.
This Selected Issues paper analyzes factors that could bring inflation back to target in Thailand. The paper estimates a hybrid New Keynesian Phillips curve with time varying parameters to gauge the quantitative role of (long-term) inflation trends, economic slack, and import price inflation in shaping inflation dynamics. The analysis reveals some important changes in Thailand’s inflation dynamics. It suggests that the impact of lower import prices was a major factor behind the decline in headline inflation in 2015, with low oil prices the largest contributor to inflation dynamics. Monetary policy easing, within a broader expansionary policy mix, should help bring inflation back to target.