Monetary Policy and Inflation Dynamics in ASEAN Economies /

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...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Dany-Knedlik, Geraldine
Kolejni autorzy: Garcia, Juan Angel
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2018.
Seria:IMF Working Papers; Working Paper ; No. 2018/147
Dostęp online:Full text available on IMF
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100 1 |a Dany-Knedlik, Geraldine. 
245 1 0 |a Monetary Policy and Inflation Dynamics in ASEAN Economies /  |c Geraldine Dany-Knedlik, Juan Angel Garcia. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (37 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Garcia, Juan Angel. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/147 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/147/001.2018.issue-147-en.xml  |z IMF e-Library