Exchange Rate Regimes and Persistence of Inflation in Thailand
AbstractThis paper explored the degree of inflation persistence in Thailand using both headline and sectoral CPI indices during the 1985-2012 period. The results showed that the degree of persistence was low across the fixed and floating exchange rate regimes. The mean shifts appeared to be mostly negative by the impact of switching from fixed to floating exchange rate regime. Furthermore, there seemed to be monetary accommodation of inflation persistence in both regimes. However, some negative mean shifts in the inflation process might be resulted from the impact of inflation targeting implemented in May 2000.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50109.
Date of creation: Sep 2013
Date of revision:
Inflation persistence; exchange rate regimes; monetary accommodation.;
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-25 (All new papers)
- NEP-CBA-2013-09-25 (Central Banking)
- NEP-LAM-2013-09-25 (Central & South America)
- NEP-LTV-2013-09-25 (Unemployment, Inequality & Poverty)
- NEP-MAC-2013-09-25 (Macroeconomics)
- NEP-MON-2013-09-25 (Monetary Economics)
- NEP-NEU-2013-09-25 (Neuroeconomics)
- NEP-SEA-2013-09-25 (South East Asia)
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