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Monetary and Exchange Rate Policies for Sustained Growth in Asia

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  • Joseph E Gagnon
  • Philip Turner

Abstract

The more advanced economies in Asia are experiencing slower growth rates. Structural reforms are the most important policies for keeping growth rates up, but this paper takes the growth slowdown as given and focuses on implications for monetary policy. The key policy implication is the impor­tance of keeping core inflation at or above 2 percent to avoid prolonged periods of economic slack.

Suggested Citation

  • Joseph E Gagnon & Philip Turner, 2019. "Monetary and Exchange Rate Policies for Sustained Growth in Asia," National Institute of Economic and Social Research (NIESR) Discussion Papers 497, National Institute of Economic and Social Research.
    • Handle: RePEc:nsr:niesrd:497
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    References listed on IDEAS

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