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Jongrim Ha
Jongrim Ha is an Economist in the World Bank Group’s Development Prospects Group. His recent research focuses on inflation in emerging market and developing economies, global macro-financial linkages, and global confidence cycles and spillovers. He earned his Ph.D. in economics from Cornell University and B.A. in economics from Seoul National University. In his graduate work, his main fields of specialisation were macroeconomics, international finance, monetary policies in open economies, and time-series modeling. He was an economist at the Bank of Korea between 2004-2011 and served in positions in the Research Department, Financial Stability Department, and the Secretariat to the Governor of the Bank.
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The great disinflation in emerging and developing economies
Emerging market and developing economies (EMDEs) have achieved a remarkable decline in inflation since the early 1970s. Whether EMDEs can continue enjoying the benefits of low inflation will depend on the confluence of structural and policy-related factors that have fostered global disinflation over the past decades being sustained. Against this backdrop, this article analyses the factors supporting disinflation in EMDEs, and whether EMDEs can sustain low inflation.
