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There is considerable evidence from industrial countries that the output gap is an important determinant of inflation … inflation is related to the output gap, as well as to the money supply and the terms of trade. We conclude that the gap model …
Persistent link: https://www.econbiz.de/10012782033
networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more … intermediate inputs for economies in the Asia-Pacific region and examine the impact on domestic producer prices of changes in costs … price dynamics in the Asia-Pacific region. …
Persistent link: https://www.econbiz.de/10010494114
More than 20 years after the Asian financial crisis, the region's continued high reliance on United States (US) dollar-denominated funding has significant implications for the transmission of global financial conditions to domestic financial and macroeconomic circumstances. Given limited...
Persistent link: https://www.econbiz.de/10012485240
choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … associated with a higher level of inflation while greater exchange rate stability and greater financial openness could lower the … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …
Persistent link: https://www.econbiz.de/10009158763
the three policy choices matter for output volatility and the medium-term level of inflation. Greater monetary … domestic product). Greater monetary autonomy is associated with a higher level of inflation while greater exchange rate … stability and greater financial openness could lower the inflation level. We find that trilemma policy configurations and …
Persistent link: https://www.econbiz.de/10014045505
-term level of inflation. Greater monetary independence is associated with lower output volatility while greater exchange rate … inflation while greater exchange rate stability and greater financial openness could lower the inflation level. We find that …
Persistent link: https://www.econbiz.de/10013142882
networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more … intermediate inputs for economies in the Asia-Pacific region and examine the impact on domestic producer prices of changes in costs … price dynamics in the Asia-Pacific region …
Persistent link: https://www.econbiz.de/10013052168
in developing Asia as a whole. However, the impacts vary dramatically by economy within developing Asia, reflecting their …
Persistent link: https://www.econbiz.de/10011441148
://ssrn.com/abstract=2420025" Globalisation, Inflation and Monetary Policy in Asia and the Pacific … prices. Given such misdiagnosis risk, the results in this paper strengthen the case for targeting headline inflation as part …
Persistent link: https://www.econbiz.de/10013049950
in emerging Asia after the NIRP was announced. …
Persistent link: https://www.econbiz.de/10011635608