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Inflation Targeting Policy: The Experiences Of Indonesia And Thailand

  • Reza Siregar

    ()

  • Siwei Goo

    ()

The chief objective of our paper is to highlight basic features of the IT policies adopted by Indonesia and Thailand, and to evaluate their overall performances. These economies have seen their inflation rates to decline during the post-IT period, and pass-through rates for both tradable and non-tradable prices in the two emerging markets have also declined. More importantly, no trade-offs between output growth and inflation have been reported. The implementations of the IT policy in these two Southeast Asian economies have however largely been “flexible” rather than “strict”, seeking the balance between minimizing output gap and achieving price stability.

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Paper provided by Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University in its series CAMA Working Papers with number 2008-23.

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Length: 51 pages
Date of creation: Jul 2008
Date of revision:
Handle: RePEc:een:camaaa:2008-23
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