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Reserve Bank of India's policy dilemmas : reconciling policy goals in times of turbulence

Carrasco, Bruno; Mukhopadhyay, Hiranya - 2014

This paper reviews some of the more critical policy dilemmas facing the Reserve Bank of India (RBI) in its pursuit of inflation stabilization and balanced growth objectives. The challenge in meeting these objectives further increased in the mid-2000s with the advent of large capital flows into...

Persistent link: https://www.econbiz.de/10010336928

Domestic and external monetary policy shocks and economic inequality in the Republic of Korea

Hahm, Joon-ho; Lee, Dong Jin; Park, Cyn-Young - 2022

This paper investigates the effects of monetary policy shocks on income and wealth inequalities in the Republic of Korea. Using the detailed Household Income and Expenditure Survey and Korean Labor and Income Panel Study data, we construct measures of income and wealth inequality for the Korean...

Persistent link: https://www.econbiz.de/10013172667

Determinants of consumer price inflation versus producer price inflation in Asia

Juthathip Jongwanich; Wongcharoen, Petchtharin; Park, … - 2016

We empirically examine and compare the determinants of producer and consumer price inflation in 10 Asian economies during 2000-2015. In this connection, we also investigate the pass-through of global oil prices, global food prices, and exchange rates to domestic producer and consumer prices....

Persistent link: https://www.econbiz.de/10011579513

Financial shocks and exchange market pressure

Patnaik, Ila; Pundit, Madhavi - 2019

The taper tantrum episode induced a sudden outflow of capital from emerging markets back to the United States. This paper analyzes exchange market pressure in 93 developing and emerging market economies during this episode, drawing on recent methodological improvements in measuring exchange...

Persistent link: https://www.econbiz.de/10012020466

Divergent emerging market economy responses to global and domestic monetary policy shocks

Choi, Woon Gyu; Kang, Taesu; Kim, Geun Young; Lee, Byongju - 2017

We assess the effect of the United States (US) and domestic monetary policies on emerging market economies (EMEs) using a panel factor-augmented vector autoregressive model. We find a US policy rate hike outstrips a tantamount hike in EME policy rates in its impacts on EMEs and discover that...

Persistent link: https://www.econbiz.de/10011771771

Global shocks and monetary policy transmission in emerging markets

Renzhi, Nuobu; Beirne, John - 2024

This paper empirically examines the impact of global shocks on monetary policy transmission in 24 emerging market economies (EMEs), using panel local projections over the period 2000 to 2022. The estimated results show that adverse global shocks, namely a tighter United States monetary policy...

Persistent link: https://www.econbiz.de/10014529457

Exchange rates and insulation in emerging markets

Eichengreen, Barry; Park, Donghyun; Ramayandi, Arief; … - 2020

The insulating properties of flexible exchange rates have long been a highly contentious issue in emerging markets - not least in Asian emerging markets. A number of recent theoretical and empirical studies question whether a trade-off exists between rigid exchange rate regimes and insulation...

Persistent link: https://www.econbiz.de/10012171308

Is India's long-term trend growth declining?

Patnaik, Ila; Pundit, Madhavi - 2014

eliminating frictions that hamper efficient allocation of resources in factor markets can be seen as a positive shock that will …

Persistent link: https://www.econbiz.de/10010463539

International trade and risk sharing in the global rice market : the impact of foreign and domestic supply shocks

Jha, Shikha; Kubo, Kensuke; Ramaswami, Bharat - 2013

In recent years, rising food prices have returned as a concern for policy makers especially in developing countries. In this context, this paper examines how supply shocks, both domestic and foreign, have mattered to imports and consumption in the global rice market over 1960-2010. Such an...

Persistent link: https://www.econbiz.de/10010192314

Examining the determinants of food prices in developing Asia

Huh, Hyeon-seung; Park, Cyn-Young - 2013

the regional shock plays a pivotal role in explaining the variations of domestic food prices, particularly at medium- to … long-term horizons. Contrary to conventional belief, the world food price shock contributes little to the dynamics of … world market. The short-run movements of domestic food prices are accounted for largely by the country's own shock. Taken …

Persistent link: https://www.econbiz.de/10010192320