ISBN:
9783031279492
Language:
English
Pages:
1 Online-Ressource (XIII, 172 p. 40 illus., 34 illus. in color.)
Series Statement:
Financial and Monetary Policy Studies 54
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Keywords:
Asia—Economic conditions.
;
Macroeconomics.
;
International economic relations.
;
Economic policy.
;
Asia
;
Inflation
;
Deflation
;
Price stability
;
Quantitative easing
;
Monetary policy
;
East Asian economies
;
Central bank law
;
Singapore
;
Taiwan
;
Japan
;
China
;
Monetary policy in East Asia
;
Targeting by the Eurosystem
;
Konferenzschrift
Abstract:
Chapter 1. Measuring and Fighting for Price Stability in Turbulent Times: Lessons from East Asia -- Chapter 2. The Mirages of Hedonics: Quantitative Analysis of Technological Innoation Contained in Inflation Rates -- Chapter 3. Unravelling the Mystery of Low Inflation in Korea during the Period of the Accommodation Policy 2012-17 -- Chapter 4. The Effects of Inflation on the Financial Statements of Firms in South Korea -- Chapter 5. Inflation Dynamics and Expectations in Singapore -- Chapter 6. Inflation Dynamics and Monetary Policy in Taiwan -- Chapter 7. Why has there been no Inflation in Japan? -- Chapter 8. Inflation, Price Stability, and Monetary Policy: On the Legality of Inflation Targeting by the Eurosystem -- Chapter 9. The Bank of Japan Act of 1997 and “Quantitative and Qualitative Monetary Easing (QQE)”.
Abstract:
In light of the deflationary trends following the 2008/2009 financial crisis, as well as the return of inflation triggered by the COVID-19 pandemic and the war in Ukraine, this book offers insights into price stability issues in various East Asian countries. Leading scholars from the fields of economics and law as well as central bank practitioners present case studies on Japan, Korea, Singapore, and Taiwan. The contributors address topics such as quantitative monetary easing, the role of global and domestic shocks on inflation dynamics, and other monetary policy issues. In doing so, the book goes into detail about the individual forces and effects of deflation and inflation and compares the Asian experience with that of the Eurozone.
Note:
"Not long ago, inflation was considered an "extinct volcano" by numerous economists and monetary policy-makers. Indeed, when the conferences on "Inflation and Deflation in East Asia" were envisioned in early 2021, topics related to deflation were still in most people's minds. This had thoroughly changed by spring 2022, when leading experts from academia as well as monetary authorities finally assembled for the events in Seoul and Ludwigshafen to explore economic, legal, and policy perspectives of price stability in East Asia. Selected papers delivered at the conferences formed the basis for this book." - Seite v
DOI:
10.1007/978-3-031-27949-2
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