this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with that … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U ….S. one, respond to the error correction term. Compared with Singapore, the Hong Kong inflation rate is more responsive to U …

This paper empirically analyzes whether and to what extent the adoption of inflation targeting (IT) in Korea, Indonesia …

The perception that Asia's inflation dynamics are driven by idiosyncratic supply shocks implies, as a corollary, a … economy in the last couple of decades suggest that the drivers of inflation may have changed. This paper presents a … quantitative analysis of inflation dynamics in Asia using a Global VAR (GVAR) model, which explicitly incorporates trade and …

increases in China for global inflation pressures are also discussed. …

components in international inflation rates. This paper characterizes such links in international inflation rates with a dynamic … latent factor model that decomposes 64 national inflation rates into world, regional, and idiosyncratic components. The world … and regional components account for 35% and 16%, respectively, of annual inflation variability on average across countries …

central banks to control inflation within their borders, at least in the absence of coordination of policy with other central … the ability of monetary policy to control inflation: by making liquidity premia a function of 'global liquidity' rather … to control the dynamics of inflation. …

The Fisher effect postulated that real interest rate is constant, and that nominal interest rate and expected inflation … effect in the Singapore economy over the period 1976 to 2006, and finds evidence of a positive relationship between nominal … interest rate and inflation rate while rejecting the notion of a full Fisher Effect. The dynamic relationship between nominal …