Publications

Research Studies

(RP104) Price-setting Behavior and Inflation Dynamics in SEACEN Member Economies and Their Implications for Inflation

Publish Date: : February 2019
Authors:: David Finck and Peter Tillmann

Summary


Over the past few years, Asian economies exhibited high growth and relatively low inflation rates. It is often argued that the process of inflation determination changed towards a more benign trade-off between economic slack and inflationary pressure. Factors such as global integration into goods and capital markets, the adoption of formal inflation targeting and changes in structural determinants of inflation such as oil and food prices, to name just a few candidates, potentially change the nature of inflation dynamics in small open economies. This collaborative research project on “Price-setting Behavior and Inflation Dynamics in SEACEN Member Economies and their Implications for Inflation” studies the changing nature of the inflation process in SEACEN economies from different perspectives and draws policy conclusions.

Links to individual chapters below:

Foreword and Table of Contents
FOREWORD and TABLE OF CONTENTS
By Dr. Hans Genberg

Chapter 1
THE ROLE OF GLOBAL AND DOMESTIC SHOCKS FOR INFLATION DYNAMICS: EVIDENCE FROM ASIA
By David Finck and Peter Tillmann

Chapter 2
A VAR ANALYSIS OF EXCHANGE RATE PASS-THROUGH TO INFLATION IN BRUNEI DARUSSALAM
By Jason Lih Cheng Kok

Chapter 3
THE IMPACT OF EXCHANGE RATE CHANGES ON CONSUMER PRICES: EVIDENCE FROM INDIA
By Sujata Kundu

Chapter 4
THE DETERMINANTS OF INFLATION: THE CASE OF INDONESIA
By Donni F. Anugrah, Bambang I. Ismaya and Rakhmat Pratama

Chapter 5
INFLATION PERSISTENCE IN MONGOLIA
By Urgamalsuvd Nanjid, Dulamzaya Batjargal and Enkhbayar Jambaldorj

Chapter 6
MAIN DRIVERS OF INFLATION IN MYANMAR (1990-2017)
By Hnin Htet Htet Win

Chapter 7
DYNAMIC IMPACTS OF GLOBAL OIL AND FOOD PRICE SHOCKS ON INFLATION IN PAPUA NEW GUINEA
By Eli Direye

Chapter 8
THE FLATTENING OF THE PHILLIPS CURVE IN THE PHILIPPINES: THE ROLE OF THE GLOBAL OUTPUT GAP
By
Jan Christopher G. Ocampo and Vanessa T. Españo

Chapter 9
INFLATION PERSISTENCE: EVIDENCE FROM CPI SUBCATEGORIES - THE SRI LANKAN EXPERIENCE
By
Lasitha R C Pathberiya and W S Navin Perera

 

Chapter 10
OIL PRICE SHOCKS, INFLATION EXPECTATIONS AND MONETARY POLICY: EVIDENCE FROM CHINESE TAIPEI
By
Wan-Jung Hsu

 

Chapter 11
ITHE ROLE OF GLOBAL FOOD AND OIL PRICES ON THAILAND’S INFLATION AND MONETARY POLICY
By
Nuwat Nookhwun and Warinthip Worasak

 

Chapter 12
PASS-THROUGH OF EXCHANGE RATE TO DOMESTIC PRICES: AN EMPIRICAL STUDY FOR VIETNAM
By
Dang Ti Quynh Anh, Pham Duc Anh, and Le Ti Phuong Hoa