English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

This paper examines the New Keynesian Phillips curve (NKPC) in Thailand in the two decades from 1993 to 2014 marked by the two large crises of 1997 and 2008. This analysis is significant because expectations and economic growth in Thailand may have been influenced by incidents including coups and natural disasters. The findings are summarized as follows. First, the empirical analysis shows that the NKPC in Thailand is relatively forward-looking compared with that shown in previous studies involving developed countries. Second, the NKPC in Thailand did not exist before the 1997 crisis, probably because of the bubble economy. Third, the NKPC is clearly observable after 2009, partly because of improved economic conditions.

The New Keynesian Phillips Curve in Thailand Through Two Financial Crises