Abstract
The impact of macroeconomic factors on the inflation in Vietnam
Highlights
Based on an overview of the research situation and the economic theories of inflation, it can be seen that the price at any time of a country is the average prices of goods traded internationally and the prices of non-international trade goods
The authors used Vector Autoregression (VAR) model as an appropriate tool for measuring the impact on inflation and put these factors in the VAR model to test the impact of macro factors on inflation
The results show that the VAR model was suitable for studying the volatility of most economies, especially with the time series prior to the Asian financial crisis of 1997 to examine the fluctuation of price and inflation in these economies
Summary
Based on an overview of the research situation and the economic theories of inflation, it can be seen that the price at any time of a country (usually measured by the consumer price index - CPI) is the average prices of goods traded internationally (prices of commodity and services that the country do export or import) and the prices of non-international trade goods (prices of goods and services are produced and consumed domestically). It is possible to summarize the channels of influence on inflation according to Fig. 1. The channels affecting the prices of international commercial goods and non-internatinal commercial goods include monetary, credit, interest rates, exchange rates, income, inflation expectations , international prices ...that were macro factors making inflationary pressures. The authors used Vector Autoregression (VAR) model as an appropriate tool for measuring the impact on inflation and put these factors in the VAR model to test the impact of macro factors on inflation
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