Optimal inflation rate for Vietnamese economy

• Main Authors: Nguyễn Văn Ngãi, Lê Thị DIệp Hương
• Format: Article
• Language: Vietnamese
• Published: TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH 2021-03-01
• Series: Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh
• Subjects: tỷ lệ lạm phát tối ưu; tăng trưởng kinh tế và kinh tế việt nam
• Online Access: https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/1096

In recent years, controlling inflation has been considered as a target of social economy in Vietnam. The inflation rate and economic growth are correlated, identifying the optimal inflation rate that results in highest economic growth rate is very significant in policy making as well as science. This study built an appropriate model for Vietnamese economy to estimate the optimal inflation rate based on Vietnamese economic data. The result of this study shows that 9% inflation rate is the optimal one, the result of this study is helpful for policy-makers making decisions on inflation target and appropriate policies.