AMRO (ASEAN+3 Macroeconomic Research Office)(@amro_asia):Global supply shocks generate stagflationary pressures and pose difficult tradeoffs for monetary policy. This paper studies how central banks respond to such shocks using panel and country-level structural VARs for eight ASEAN+3 economies over 1970–2024, and a broad set of global supply shock measures.

AMRO (ASEAN+3 Macroeconomic Research Office)

@amro_asia

AMRO is an international organization that aims to contribute to the #macroeconomic# and #financial# stability in #ASEAN#+3 (ASEAN + China, Japan & Korea).

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AMRO (ASEAN+3 Macroeconomic Research Office)@amro_asia

2026.08.11 08:04

Global supply shocks generate stagflationary pressures and pose difficult tradeoffs for monetary policy. This paper studies how central banks respond to such shocks using panel and country-level structural VARs for eight ASEAN+3 economies over 1970–2024, and a broad set of global supply shock measures.