Inflation Forecasts In Asia And The Pacific
DOWNLOAD
Download Inflation Forecasts In Asia And The Pacific PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Inflation Forecasts In Asia And The Pacific 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 Forecasts In Asia And The Pacific
DOWNLOAD
Author : Pierre L. Siklos
language : en
Publisher:
Release Date : 2014
Inflation Forecasts In Asia And The Pacific written by Pierre L. Siklos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Until the global financial crisis of 2008-09, central banks celebrated the achievement of lower and more stable inflation rates. With a few exceptions, this accomplishment was a global one. Motivated by concerns over whether the relentless easing of policy in economies most stricken by the US and euro zone financial crises may lead to higher future inflation, this paper examines inflation forecast performance along several dimensions. The focus is on 12 economies in Asia and the Pacific as well as inflation performance in the United States and the euro zone. The principal findings of the paper are as follows. Whether forecasts portend an unanchoring of expectations depends crucially on whether central banks convince the optimists or the pessimists amongst forecasters. Second, crisis times are precisely when central banks have the greatest flexibility to exploit deviations from some inflation objective. Third, forecasters can express a large degree of disagreement with central banks over one-year inflation forecasts especially during stressful economic times. The notion that forecasters essentially adopt or mimic central bank forecasts does not hold at all times, and especially not during stressful economic times.Full publication: "http://ssrn.com/abstract=2420025" Globalisation, Inflation and Monetary Policy in Asia and the Pacific.
Forecast Disagreement And The Anchoring Of Inflation Expectations In The Asia Pacific Region
DOWNLOAD
Author : Pierre L. Siklos
language : en
Publisher:
Release Date : 2013
Forecast Disagreement And The Anchoring Of Inflation Expectations In The Asia Pacific Region written by Pierre L. Siklos 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.
This paper explores the behaviour of inflation forecasts from a variety of sources (ie Consensus and other professional forecasters, international and domestic financial institutions, central banks) with the aim of measuring the size and evolution of forecast disagreements and their proximate sources (ie economic versus institutional determinants). An additional objective is to ascertain the extent to which inflationary expectations are anchored, the role played by domestic versus international shocks on changes in inflation forecasts, and whether developments since the global financial crisis have resulted in noticeable changes in the behaviour of inflationary expectations.Full publication: "http://ssrn.com/abstract=2248714" Globalisation and Inflation Dynamics in Asia and the Pacific.
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.
How Anchored Are Inflation Expectations In Asia Evidence From Surveys Of Professional Forecasters
DOWNLOAD
Author : Aaron N. Mehrotra
language : en
Publisher:
Release Date : 2014
How Anchored Are Inflation Expectations In Asia Evidence From Surveys Of Professional Forecasters written by Aaron N. Mehrotra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This paper investigates how solidly inflation expectations are anchored in Asia, using inflation forecasts by professional forecasters from Consensus Economics. We examine inflation expectations using three different methods. First, we assess the behaviour of longer-term (both five-year-ahead and two-year-ahead) forecasts in the different economies over time. Second, we assess the uncertainty related to inflation expectations by computing an indicator of forecast disagreement. Third, we use a novel method to model the behaviour of forecasts over different horizons, capturing the tendency for inflation forecasts to converge towards actual inflation as the forecast horizon becomes shorter. This analytically simple method is based on an exponential decay function, and provides a convenient way to parameterise the degree to which inflation expectations are anchored. Overall, we find that inflation expectations generally appear to be well anchored in the region. We close with some policy implications.Full publication: "http://ssrn.com/abstract=2420025" Globalisation, Inflation and Monetary Policy in Asia and the Pacific.
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.
Pacific Economic Outlook 2002 03
DOWNLOAD
Author : Pacific Economic Cooperation Council
language : en
Publisher:
Release Date : 2002
Pacific Economic Outlook 2002 03 written by Pacific Economic Cooperation Council and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Provides economic forecasts from the Asia Pacific region coordinated by the Australian Pacific Economic Cooperation Committee which brings together government officials, academics and business people from twenty countries from the Pacific Rim to share expertise in search of broad-based answers to regional economic problems.
Measuring Economic Slack
DOWNLOAD
Author : James Morley
language : en
Publisher:
Release Date : 2014
Measuring Economic Slack written by James Morley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Regional Economic Outlook Asia And The Pacific October 2022
DOWNLOAD
Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2022-10-28
Regional Economic Outlook Asia And The Pacific October 2022 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 2022-10-28 with Business & Economics categories.
After the strong rebound of 6.5 percent posted in 2021, growth in Asia and Pacific is expected to moderate to 4.0 percent in 2022 amid an uncertain global environment and rise to 4.3 percent in 2023. Inflation has risen above most central bank targets, but is expected to peak in late 2022. As the effects of the pandemic wane, the region faces new headwinds from global financial tightening and an expected slowdown of external demand. While Asia remains a relative bright spot in an increasingly lethargic global economy, it is expected to expand at a rate that is well below the average rate of 51⁄2 percent seen over the preceding two decades. Policy support is gradually being withdrawn as inflation rises and idle capacity is utilized, but monetary policy should be ready to tighten faster if the rise in core inflation turns out to be more persistent. The region’s rising public debt lev¬els call for continued fiscal consolidation, so interven¬tions to mitigate global food and energy shocks should be well targeted, temporary, and budget neutral. Structural reforms are needed to boost growth and mitigate the scarring that is expected from the pan¬demic, especially making up for lost schooling through investments in education and training, promoting diversification, addressing the debt overhang from the pandemic, and harnessing digitalization. Strong multilateralism—including through international organizations, the Group of Twenty and regional processes—will be needed to mitigate geo-economic fragmentation and deliver much needed progress on climate change commitments.
Trade Linkages And The Globalisation Of Inflation In Asia And The Pacific
DOWNLOAD
Author : Raphael A. Auer
language : en
Publisher:
Release Date : 2014
Trade Linkages And The Globalisation Of Inflation In Asia And The Pacific written by Raphael A. Auer 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.
Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more closely together between those Asian economies that trade more with one another, ie that share a higher degree of trade intensity. Next, using a novel data set based on the World Input-Output Database (WIOD), we examine the importance of the supply chain for cross-border price spillovers at the sectoral level. We document the increasing importance of imported intermediate inputs for economies in the Asia-Pacific region and examine the impact on domestic producer prices of changes in costs of imported intermediate inputs. Our results suggest that real integration through the supply chain matters for domestic price dynamics in the Asia-Pacific region.
Hong Kong S Inflation
DOWNLOAD
Author : Baekin Cha
language : en
Publisher:
Release Date : 1993
Hong Kong S Inflation written by Baekin Cha and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Hong Kong (China) categories.