Phillips curve for the Asian economies: A nonlinear perspective

• Main Authors: Baharumshah, Ahmad Zubaidi, Soon, Siew Voon, Wohar, Mark E.
• Format: Article
• Published: Routledge Journals, Taylor & Francis Ltd 2021
• Subjects: HC Economic History and Conditions; Business
• Online Access: http://eprints.um.edu.my/27198/

This paper examines the impact of exchange-rate movements on inflation in eight Asian countries. Results from an open-economy Phillips curve are; first, the Markov-switching open-economy model confirm that the two-state Phillips curve outperforms alternative models to study inflation dynamics. There...