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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/1117

タイトル: Inflation targeting in Korea, Indonesia, Thailand, and the Philippines : the impact on business cycle synchronization between each country and the world
著者: Inoue, Takeshi
Toyoshima, Yuki
Hamori, Shigeyuki
井上, 武
豊島, 裕樹
羽森, 茂之
キーワード: Southeast Asia
Indonesia
Thailand
Philippines
South Korea
Inflation
Business cycles
Asia
Business cycle synchronization
DCC
Inflation targeting
Issue Date: Mar-2012
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 328. 2012.3
抄録: This paper empirically analyzes whether and to what extent the adoption of inflation targeting (IT) in Korea, Indonesia, Thailand and the Philippines has affected their business cycle synchronization with the rest of the world. By employing the dynamic conditional correlation (DCC) model developed by Engle (2002), we find that IT in Asia has little effect on international business cycle synchronization and the effect is positive in some of the countries, if any. These findings basically seem to be consistent with the evidence from relevant literature.
URI: http://hdl.handle.net/2344/1117
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東南アジア(Southeast Asian Studies)

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