Argentina (until 2001), Eastern Europe, and Asia. An index of precommitment is derived from an analysis of legislative …

vector auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors …-term interest rates. Nevertheless, the monetary transmission mechanism, though effective, is somewhat weaker in Asia during the …

The perception that Asia's inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that … may now play a larger role than in the past. This paper presents a quantitative analysis of inflation dynamics in Asia …'s inflation. Our results suggest that over the past two decades the main drivers of inflation in Asia have been monetary and …

gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a … significant pass-through of the global monetary gap to domestic monetary gaps, which in turn affect output growth and inflation …, in individual emerging market and developing countries in Asia. Notably, we provide evidence that the global monetary …

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 …

This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …

? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …