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dc.contributor.authorTillmann, Peteren_US
dc.contributor.authorGerlach, Stefanen_US
dc.description.abstractFollowing the Asian Financial Crisis in 1997-98, a number of regional central banks have adopted inflation targeting. We explore how successful this framework has been by looking at the persistence of inflation as measured by the sum of the coefficients in an autoregressive model for inflation using Hansen's (1999) median unbiased estimator. In contrast to non-Asian economies, we find that persistence has not declined in recent years. We hypothesise that could reflect the continued importance of the exchange rate in monetary policy in Asia or the large weight attached to food in Asian consumer prices.en_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Macroeconomic Problems of Asian Economies G1-V3en_US
dc.titleInflation Targeting and Inflation Persistence in Asiaen_US
dc.typeConference Paperen_US
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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