Series: IMF Working Papers
Author(s): Harun Alp , and Selim Elekdag
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 November 2012
Keywords: financial accelerator, Bayesian estimation, DSGE model, global financial crisis, Thai floods, emerging markets, exchange rate, inflation, exchange rate regime, emerging markets.
Thailand had to endure three major shocks during 2008-2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, th...