01738cas a2200241 a 4500 AALejournalIMF017678 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484301845 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Thailand : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (22 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes factors that could bring inflation back to target in Thailand. The paper estimates a hybrid New Keynesian Phillips curve with time varying parameters to gauge the quantitative role of (long-term) inflation trends, economic slack, and import price inflation in shaping inflation dynamics. The analysis reveals some important changes in Thailand's inflation dynamics. It suggests that the impact of lower import prices was a major factor behind the decline in headline inflation in 2015, with low oil prices the largest contributor to inflation dynamics. Monetary policy easing, within a broader expansionary policy mix, should help bring inflation back to target. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/137 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/137/002.2017.issue-137-en.xml IMF e-Library