Inflation and Deflation in East Asia

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.

Analyses price stability issues in various East Asian countries Present case studies on Japan, Korea, Singapore, and Taiwan Compares the Asian experience with that of the Eurozone

Auteur

Frank Rövekamp is a professor for Asian Studies with a focus on Japan and director of the East Asia Institute of the Ludwigshafen University of Business and Society, Germany. Formerly he worked for over 15 years in industry and held senior management positions in Germany, Japan and Hong Kong. He obtained his PhD in Business Studies from the University of Cologne. His current research interests include international monetary policy, trade policy and regional integration.
Moritz Bälz, LL.M. (Harvard) is a professor of Japanese Law and its Cultural Foundations at the Faculty of Law of Goethe University Frankfurt, Germany, where he currently also serves as deputy director of the Interdisciplinary Centre for East Asian Studies (IZO). Prior to assuming his current position in 2008, he for several years worked as an attorney with international law firm Freshfields Bruckhaus Deringer in New York and Frankfurt. His research focuses on Japanese business law from a comparative perspective and dispute resolution in Japan.
Hanns Günther Hilpert is Senior Fellow at the Asia Division of the German Institute for International and Security Affairs ("Stiftung Wissenschaft und Politik", SWP), Berlin, Germany. Formerly he worked for the German Institute for Japanese Studies (DIJ), Tokyo and the Ifo Institute for Economic Research, Munich. He has written and published many books and articles on the Japanese economy and on Asian trade and economic integration. His current research focuses on various policy oriented economic issues of East Asia.
Wook Sohn is a professor of banking and finance and Associate Dean of the Office of Development Research and International Cooperation at the KDI School of Public Policy and Management, Rep. of Korea. He published many articles in academic journals and participated in consultation projects of the Korean, Hungarian, Cambodian, Omani and Mongolian governments. He was a visiting professor at the UBC Sauder School of Business, and most recently, Executive Director of Economic Research Institute of Bank of Korea. He was awarded his Ph.D. from Columbia University.

Contenu
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 2012-17.- 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).