Osorio, Carolina; Unsal, D. Filiz - International Monetary Fund (IMF) - 2011
The perception that Asia's inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that … integration over the last two decades suggest that the drivers of inflation may have changed, and that domestic demand pressures … may now play a larger role than in the past. This paper presents a quantitative analysis of inflation dynamics in Asia …