Inflation and Deflation in East Asia

Rövekamp, Frank / Bälz, Moritz / Hilpert, Hanns Günther / Sohn, Wook(Editor)

Altmetric

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.

Subjects: 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

Contents: 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 2012-2017: Unravelling the Mystery
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)"