effects of domestic price inflation and sharp nominal exchange rate depreciation in the post-crisis period … country to another. Inflation did not soar in most Asian countries, including Thailand and Korea, after the exchange rate … depreciated during the crisis. Indonesia, however, suffered very high inflation following a very large nominal depreciation of the …

effects of domestic price inflation and sharp nominal exchange rate depreciation in the post-crisis period … country to another. Inflation did not soar in most Asian countries, including Thailand and Korea, after the exchange rate … depreciated during the crisis. Indonesia, however, suffered very high inflation following a very large nominal depreciation of the …

price index (CPI) inflation targeting minimizes welfare losses for import-to-gross domestic product (GDP) ratios from 0.3 to … 0.9. However, welfare under the pegged exchange rate regime is almost equivalent to CPI inflation targeting when the … import-to-GDP ratio is 1, while the domestic inflation targeting minimizes welfare when the import-to-GDP ratio is 0.1. We …