Indonesia and Thailand, two major open economies in Southeast Asia operating under managed-float exchange rate systems …. This paper investigates the transmission of external shocks to these economies via their impact on inflation and inflation … volatility. The empirical results suggest that in both Indonesia and Thailand, inflation and inflation volatility are more …

We develop an empirical model to study the influence of global factors in driving trend inflation and the inflation gap … factors can have a sizeable influence on the inflation gap, they play only a marginal role in driving trend inflation. Much of … the influence of global factors in the inflation gap may be reflecting commodity price shocks. Finally, we find that the …

This paper surveys and examines the sources of fluctuations in inflation and output in Turkey. Using a dynamic open … indicate that inflation is driven by monetary and real demand disturbances while output is mainly driven by aggregate supply … disturbances. The historical decomposition shows that a substantial portion of inflation is aggregate demand-driven core inflation …

This paper explores the relationship between devaluing the dollar and inflation, examining both the theoretical … inflation by reducing demand or increasing the supply of goods and services, others suggest that devaluation can actually lead … to an increase in inflation by making imports more expensive and increasing demand for domestically produced goods and …

We assess the efficiency of monetary policy to guide inflation expectations in high and low regimes. Using quantile … regression we analyze the persistence of inflation expectations from the Consensus Economics Survey at different quantiles. We … Fed's unconventional monetary policy at the ZLB in thus ineffective in guiding inflation expectations. …

shocks pertaining to more versus less informed individuals. We then investigate how these affect inflation expectations of … individuals are well informed can have different impact on inflation expectations as compared to shocks obtained based on the … assumption that they are not as informed. Moreover, monetary policy can have different effects on inflation expectations for …