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Exchange Rate Regimes and Persistence of Inflation in Thailand

Komain Jiranyakul

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explored the degree of inflation persistence in Thailand using both headline and sectoral CPI indices during the 1985-2012 period. The results showed that the degree of persistence was low across the fixed and floating exchange rate regimes. The mean shifts appeared to be mostly negative by the impact of switching from fixed to floating exchange rate regime. Furthermore, there seemed to be monetary accommodation of inflation persistence in both regimes. However, some negative mean shifts in the inflation process might be resulted from the impact of inflation targeting implemented in May 2000.

Keywords: Inflation persistence; exchange rate regimes; monetary accommodation. (search for similar items in EconPapers)
JEL-codes: C22 E31 (search for similar items in EconPapers)
Date: 2013-09
New Economics Papers: this item is included in nep-cba, nep-lam, nep-ltv, nep-mac, nep-mon, nep-neu and nep-sea
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https://mpra.ub.uni-muenchen.de/50109/7/MPRA_paper_50109.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/56667/1/MPRA_paper_56667.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/50637/1/MPRA_paper_50637.pdf revised version (application/pdf)

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