01734cas a2200253 a 4500 AALejournalIMF018590 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484363041 1018-5941 BD-DhAAL BD-DhAAL Dany-Knedlik, Geraldine. Monetary Policy and Inflation Dynamics in ASEAN Economies / Geraldine Dany-Knedlik, Juan Angel Garcia. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (37 pages) IMF Working Papers <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 paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017. To account for changes in the monetary policy frameworks since the Asian Financial Crisis (AFC), the analysis is based on country-specific Phillips curves allowing for time-varying parameters. The paper finds evidence of a higher degree of forward-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in the region. In contrast, the quantitative impact of cyclical fluctuations and import prices has gradually diminished over time. Mode of access: Internet Garcia, Juan Angel. IMF Working Papers; Working Paper ; No. 2018/147 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/147/001.2018.issue-147-en.xml IMF e-Library