Publication:
Understanding Inflation in Emerging and Developing Economies

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dc.contributor.authorHa, Jongrim
dc.contributor.authorKose, M. Ayhan
dc.contributor.authorOhnsorge, Franziska L.
dc.date.accessioned2019-03-04T22:34:09Z
dc.date.available2019-03-04T22:34:09Z
dc.date.issued2019-02
dc.description.abstractEmerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a summary of a recent book, "Inflation in Emerging and Developing Economies: Evolution, Drivers, and Policies," that analyzes this remarkable achievement. The findings suggest that many EMDEs enjoy the benefits of stability-oriented and resilient monetary policy frameworks, including central bank transparency and independence. Such policy frameworks need to be complemented by strong macroeconomic and institutional arrangements. Inflation expectations are more weakly anchored in EMDEs than in advanced economies. In EMDEs that do not operate inflation targeting frameworks, exchange rate movements tend to have larger and more persistent effects on inflation.en
dc.identifierhttp://documents.worldbank.org/curated/en/816031551363524517/Understanding-Inflation-in-Emerging-and-Developing-Economies
dc.identifier.doi10.1596/1813-9450-8761
dc.identifier.urihttps://hdl.handle.net/10986/31338
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8761
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPRICES
dc.subjectINFLATION
dc.subjectMONETARY SYSTEM
dc.subjectMONETARY POLICY
dc.subjectGLOBALIZATION
dc.subjectEMERGING MARKET ECONOMIES
dc.titleUnderstanding Inflation in Emerging and Developing Economiesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleUnderstanding Inflation in Emerging and Developing Economies
okr.date.disclosure2019-02-28
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/816031551363524517/Understanding-Inflation-in-Emerging-and-Developing-Economies
okr.guid816031551363524517
okr.identifier.doi10.1596/1813-9450-8761
okr.identifier.externaldocumentum090224b086a3a112_2_0
okr.identifier.internaldocumentum30868080
okr.identifier.reportWPS8761
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/816031551363524517/pdf/WPS8761.pdfen
okr.statistics.combined17719
okr.statistics.dr816031551363524517
okr.statistics.drstats17036
okr.topicMacroeconomics and Economic Growth::Inflation
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.unitMacroeconomics, Trade and Investment Global Practice
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