Does inflation targeting work in emerging East-Asian economies?

Monetary Models and Inflation Targeting in Emerging Market Economies

The Case for Inflation Targeting in East Asian Countries

Over the past decade, a number of countries have adopted an inflation-targeting framework for the conduct of monetary policy. The majority of these have been developed countries, although Chile and Israel have also pursued some form of inflation targeting for the best part of ten years. In part spurred on by the successful economic performance of the countries that have adopted inflation target...

Inflation How Does Inflation Work?

The basic workings of inflationary models are summarized, along with the arguments that strongly suggest that our universe is the product of inflation. I describe the quantum origin of density perturbations, giving a heuristic derivation of the scale invariance of the spectrum and the leading corrections to scale invariance. The mechanisms that lead to eternal inflation in both new and chaotic ...

Macroeconomic, International Linkage and Effects of External Shocks in Southeast Asian Emerging Economies

This study is an attempt to examine the effects of external shocks on macroeconomic variables in selective small open emerging economies in Southeast Asia. A quarterly Global Vector Autoregressive (GVAR) model, including 33 countries, was used throughout 1979–2013. The empirical results showed that the target countries were affected by external shocks, especially the shocks in the U.S, Euro are...

Does Inflation Targeting Matter?

Since it was first introduced by New Zealand and Chile in 1990, Canada in 1991, and the United Kingdom in 1992, inflation targeting (IT) has received a lot of attention in the public and academic debate over the design of monetary policy regimes. In part, this attention reflects the growing number of countries that have adopted an IT regime over the past decade. Schaechter, Stone, and Zelmer (2...