| Description |
1 online resource (21 pages) |
| Series |
IMF working paper ; no. 13/155.
|
| Contents |
Cover; Abstract; Contents; I. Introduction; Figures; 1. Emerging Asia: Headline Inflation, 2000-2012; II. Inflation Developments; III. Literature Review; 2. Vietnam: CPI Inflation, 1999-2012; IV. The Model; V. Data and Econometric Estimation; Tables; 1. Unit Root Tests; 3. Vietnam: CPI Inflation, the Nominal Interest Rate, and Growth in Credit to the Economy; A. What are the Key Drivers of Inflation in Vietnam?; 2. Elasticities of Headline Inflation to Shocks in Endogenous Variables; 4. Impulse Response of Inflation from VAR Estimation |
|
3. Endogenous Variable Response Elasticities to Shocks in Nominal Interest Rate5. Accumulated Response to One Standard Deviation Interest Rate Shock; B. What Explains Vietnam's Relatively High Inflation Compared to Other Emerging Market Economies in the Region?; 4. Sources of Inflation in Vietnam and Selected Asian Countries 1/; VI. Policy Implications and Conclusions; 6. Persistence of a One-Time Increase in Inflation; Appendixes; Data Appendix; References |
| Summary |
This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging market economies in the region? It focuses on understanding the monetary policy transmission mechanism in Vietnam, and in understanding the extent to which monetary policy can explain why inflation in Vietnam has been higher than in other Asian emerging markets over the past decade |
| Notes |
"July 2013." |
| Bibliography |
Includes bibliographical references |
| Subject |
Inflation (Finance) -- Asia
|
|
Inflation (Finance) -- Vietnam
|
|
Inflation (Finance)
|
|
Asia
|
|
Vietnam
|
| Form |
Electronic book
|
| Author |
International Monetary Fund.
|
|
