Inflation Co-Movement in Emerging and Developing Asia : The Monsoon Effect /

Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to be strongest for the food component, partly due to common rainfall shocks-a result which the paper terms the 'monsoon effect.' Economies with higher trade integration and...

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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Blagrave, Patrick
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2019.
Sraith:IMF Working Papers; Working Paper ; No. 2019/147
Ábhair:
Rochtain ar líne:Full text available on IMF
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100 1 |a Blagrave, Patrick. 
245 1 0 |a Inflation Co-Movement in Emerging and Developing Asia :   |b The Monsoon Effect /  |c Patrick Blagrave. 
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300 |a 1 online resource (28 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 Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to be strongest for the food component, partly due to common rainfall shocks-a result which the paper terms the 'monsoon effect.' Economies with higher trade integration and co-movement in nominal effective exchange rates also experience greater food-inflation co-movement. By contrast, cross-country co-movement in core inflation is weak and the aforementioned determinants have little explanatory power, suggesting a prominent role for idiosyncratic domestic factors in driving core inflation. In the context of the growing literature on the globalization of inflation, these results suggest that common weather patterns are partly responsible for any role played by a so-called 'global factor' among inflation rates in emerging and developing economies, in Asia at least. 
538 |a Mode of access: Internet 
651 7 |a India  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/147 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/147/001.2019.issue-147-en.xml  |z IMF e-Library