Monetary policy and inflation dynamics in ASEAN economies

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Bibliographic Details
Authors and Corporations:	Dany-Knedlik, Geraldine (Author), Garcia, Juan Angel (Author)
Other Authors:	Garcia, Juan Angel [Author]
Type of Resource:	E-Book
Language:	English
published:	Berlin DIW Berlin, German Institute for Economic Research 2018
Series:	Deutsches Institut für Wirtschaftsforschung: Discussion papers ; 1755
Source:	Verbunddaten SWB Lizenzfreie Online-Ressourcen

Description
Summary:	This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017. To account for changes in the monetary policy frameworks since the Asian Financial Crisis (AFC), the analysis is based on country-specific Phillips Curves allowing for time-varying parameters. The paper finds evidence of a higher degree of forward-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in the region. In contrast, the quantitative impact of cyclical fluctuations and import prices has gradually diminished over time.
Physical Description:	1 Online-Ressource (circa 38 Seiten); Illustrationen