Monetary and Exchange Rate Policies for Sustained Growth in Asia

Publication date: 23 Jan 2019 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | NIESR Author(s): Turner, P | External Author(s): Gagnon, J E | NIESR Discussion Paper Number: 497

The more advanced economies in Asia are experiencing slower growth rates. Structural reforms are the most important policies for keeping growth rates up, but this paper takes the growth slowdown as given and focuses on implications for monetary policy. The key policy implication is the impor­tance of keeping core inflation at or above 2 percent to avoid prolonged periods of economic slack.

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