Monetary Policy and Inflation Dynamics in ASEAN Economies

Geraldine Dany-Knedlik · Juan A. Garcia

14 citations0/0 files storedIMF Working Paper

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Global Financial Crisis and Policies Market Dynamics and Volatility

Abstract

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.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 14 citations exist upstream.

References

1983Staggered prices in a utility-maximizing framework 1999Inflation dynamics: A structural econometric analysis 2008Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence 2015Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts 1995Inflation Persistence 2015Central Bank Transparency and Independence: Updates and New Measures 2008Investigating Inflation Persistence Across Monetary Regimes*2011Inflation Dynamics and the Great Recession

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.