IDEAS home Printed from https://ideas.repec.org/p/een/crwfrp/1404.html
   My bibliography  Save this paper

The Determinants of Inflation in Vietnam: VAR and SVAR Approaches

Author

Listed:
  • Tuan Anh Phan

    () (Crawford School of Public Policy, The Australian National University)

Abstract

This paper employs Vector Autoregressive (VAR) and Structural VAR (SVAR) models to analyse VietnamÕs inflation determinants using quarterly data from 1996 to 2012. The results suggest that: (i) the inflation responses to monetary policy shocks are plausible and similar to standard monetary transmission in advanced economies; (ii) the policy interest rate plays an important role to inflation variation, which differs with what have been found in previous studies for Vietnam; and (iii) shocks to output and prices in trading partners have strong effects on inflation in Vietnam, while international oil and rice prices seem not to systematically affect VietnamÕs inflation. Moreover, the State Bank of Vietnam does use monetary policy tools to ease down the inflationary pressure caused by foreign factors.

Suggested Citation

  • Tuan Anh Phan, 2014. "The Determinants of Inflation in Vietnam: VAR and SVAR Approaches," Crawford School Research Papers 1404, Crawford School of Public Policy, The Australian National University.
  • Handle: RePEc:een:crwfrp:1404
    as

    Download full text from publisher

    File URL: http://ssrn.com/abstract=2437712
    Download Restriction: no

    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:een:crwfrp:1404. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David Stern). General contact details of provider: http://edirc.repec.org/data/asanuau.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.