Notwithstanding several shortcomings of CPI, in the SEACEN region as in elsewhere, for pragmatic purpose, the CPI despite its many flaws is universally accepted as a policy target for monetary policy. This is justified if we examine the construction of the consumer price index itself. Even...

This paper intends to provide some insights into whether counter-cyclical macroeconomic policies, in particular fiscal spending is effective tool to stabilising and stimulating the economy in the context of the open economic structure.

This in-house research project aims to enhance the understanding of the dynamic process of inflation in the SEACEN countries and to assess the effectiveness of monetary policy in the management of inflation in the individual countries.