Osorio, Carolina; Unsal, D. Filiz - International Monetary Fund (IMF) - 2011
The perception that Asia's inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that … there is little scope for a policy reaction to a build-up of inflationary pressures. However, Asia's fast growth and … may now play a larger role than in the past. This paper presents a quantitative analysis of inflation dynamics in Asia …