Matches in SemOpenAlex for { <https://semopenalex.org/work/W604659722> ?p ?o ?g. }
- W604659722 endingPage "98" @default.
- W604659722 startingPage "82" @default.
- W604659722 abstract "We conduct empirical analysis in evaluating the performance of inflation targeting (IT) in three emerging East-Asian economies that have implemented this regime. These three economies are Korea, Philippines and Thailand. The performance of inflation targeting regime is evaluated by comparing the economic achievement and structure changed between the pre- and post- IT periods. In particular, evaluation is focused on the inter-relationship between inflation and output growth / gap in these emerging economies between the pre- and post-IT periods. The inflation rate and the change in the macroeconomic variables are observed through country specific data. A bivariate GARCH (1,1) model is applied to study the inter-relationship between inflation and output gap. The results also enable us to detect if IT regime induces disinflation cost by causing lower growth or higher output gap. We compare the results of GARCH with the results of structural VAR for robustness checking. Both analyses provide consistent results. We observe lower inflation rate in the post-IT period. However, there is no significant correlation between inflation and output gap and we find no evidence that lower inflation causes lower growth or higher output gap. Both output gap and inflation are determined mainly by their own impulses. Besides, output gap is more persistent than inflation. We conclude that IT regime has improved the economies of these countries." @default.
- W604659722 created "2016-06-24" @default.
- W604659722 creator A5067094545 @default.
- W604659722 date "2012-09-01" @default.
- W604659722 modified "2023-09-23" @default.
- W604659722 title "Evaluating the performance of inflation targeting regime in three Asian economies" @default.
- W604659722 cites W1557069397 @default.
- W604659722 cites W1568780371 @default.
- W604659722 cites W1584726575 @default.
- W604659722 cites W1587864058 @default.
- W604659722 cites W1604952460 @default.
- W604659722 cites W1977480757 @default.
- W604659722 cites W1980789585 @default.
- W604659722 cites W1987441433 @default.
- W604659722 cites W2052982770 @default.
- W604659722 cites W2053327618 @default.
- W604659722 cites W2068971778 @default.
- W604659722 cites W2072447383 @default.
- W604659722 cites W2092882474 @default.
- W604659722 cites W2103262518 @default.
- W604659722 cites W2159199659 @default.
- W604659722 cites W2161418438 @default.
- W604659722 cites W2341921624 @default.
- W604659722 cites W3022765804 @default.
- W604659722 cites W3122920447 @default.
- W604659722 cites W3123910842 @default.
- W604659722 cites W3125553895 @default.
- W604659722 hasPublicationYear "2012" @default.
- W604659722 type Work @default.
- W604659722 sameAs 604659722 @default.
- W604659722 citedByCount "1" @default.
- W604659722 countsByYear W6046597222013 @default.
- W604659722 crossrefType "journal-article" @default.
- W604659722 hasAuthorship W604659722A5067094545 @default.
- W604659722 hasConcept C104317684 @default.
- W604659722 hasConcept C105795698 @default.
- W604659722 hasConcept C121087249 @default.
- W604659722 hasConcept C121332964 @default.
- W604659722 hasConcept C126285488 @default.
- W604659722 hasConcept C139719470 @default.
- W604659722 hasConcept C149782125 @default.
- W604659722 hasConcept C162324750 @default.
- W604659722 hasConcept C185592680 @default.
- W604659722 hasConcept C185824701 @default.
- W604659722 hasConcept C200941418 @default.
- W604659722 hasConcept C23922673 @default.
- W604659722 hasConcept C2779513878 @default.
- W604659722 hasConcept C2780569737 @default.
- W604659722 hasConcept C33332235 @default.
- W604659722 hasConcept C33923547 @default.
- W604659722 hasConcept C55493867 @default.
- W604659722 hasConcept C556758197 @default.
- W604659722 hasConcept C63479239 @default.
- W604659722 hasConcept C64341305 @default.
- W604659722 hasConcept C73374054 @default.
- W604659722 hasConcept C91602232 @default.
- W604659722 hasConceptScore W604659722C104317684 @default.
- W604659722 hasConceptScore W604659722C105795698 @default.
- W604659722 hasConceptScore W604659722C121087249 @default.
- W604659722 hasConceptScore W604659722C121332964 @default.
- W604659722 hasConceptScore W604659722C126285488 @default.
- W604659722 hasConceptScore W604659722C139719470 @default.
- W604659722 hasConceptScore W604659722C149782125 @default.
- W604659722 hasConceptScore W604659722C162324750 @default.
- W604659722 hasConceptScore W604659722C185592680 @default.
- W604659722 hasConceptScore W604659722C185824701 @default.
- W604659722 hasConceptScore W604659722C200941418 @default.
- W604659722 hasConceptScore W604659722C23922673 @default.
- W604659722 hasConceptScore W604659722C2779513878 @default.
- W604659722 hasConceptScore W604659722C2780569737 @default.
- W604659722 hasConceptScore W604659722C33332235 @default.
- W604659722 hasConceptScore W604659722C33923547 @default.
- W604659722 hasConceptScore W604659722C55493867 @default.
- W604659722 hasConceptScore W604659722C556758197 @default.
- W604659722 hasConceptScore W604659722C63479239 @default.
- W604659722 hasConceptScore W604659722C64341305 @default.
- W604659722 hasConceptScore W604659722C73374054 @default.
- W604659722 hasConceptScore W604659722C91602232 @default.
- W604659722 hasIssue "2" @default.
- W604659722 hasLocation W6046597221 @default.
- W604659722 hasOpenAccess W604659722 @default.
- W604659722 hasPrimaryLocation W6046597221 @default.
- W604659722 hasRelatedWork W1483894312 @default.
- W604659722 hasRelatedWork W2032246307 @default.
- W604659722 hasRelatedWork W2074698777 @default.
- W604659722 hasRelatedWork W2082311715 @default.
- W604659722 hasRelatedWork W2091579031 @default.
- W604659722 hasRelatedWork W2268870649 @default.
- W604659722 hasRelatedWork W2508985720 @default.
- W604659722 hasRelatedWork W2520395143 @default.
- W604659722 hasRelatedWork W2536256538 @default.
- W604659722 hasRelatedWork W2888011385 @default.
- W604659722 hasRelatedWork W2944691233 @default.
- W604659722 hasRelatedWork W2998558807 @default.
- W604659722 hasRelatedWork W3080477900 @default.
- W604659722 hasRelatedWork W3124511288 @default.
- W604659722 hasRelatedWork W3125765098 @default.
- W604659722 hasRelatedWork W3131164845 @default.