Deputy Director, Monetary Policy Group, Bank of Thailand.
273 Samsen Road, Samphraya, Phranakorn, Bangkok 10200, Thailand.
Email: pymm@bot.or.th.
Research Interests: [Empirical Macroeconomics, Applied Econometrics, Financial Economics]
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Work-in-Progress:
A view of exchange rate pass through to import prices in Thailand through the lens of micro-level data (with Tosapol Apaitan, Nuwat Nookhwun, Jettawat Pattararangrong), revise and resubmit
Spillovers in global equity markets: How important is the global factor? (with Chaitat Jirophat)
Disaggregated inflation dynamics: Which shocks matter? (with Nuwat Nookhwun)
Price-setting in Thai online markets (with Tosapol Apaitan, Chonnakarn Rittinon, Weeris Treeratanajaru)
Exchange rates in emerging markets: Shock absorber or source of shock? (Nuwat Nookhwun, Jettawat Pattararangrong)
Climate shocks and the Thai macroeconomy (with Chaitat Jirophat, Suparit Suwanik)
Published Research:
"Uncertainty and economic activity: Does it matter for Thailand? (with Tosapol Apaitan and Pongsak Luangaram), Empirical Economics 62, 933-939, 2022.
"Thai inflation dynamics: A view from disaggregated price data (with Tosapol Apaitan and Piti Disyatat), Economic Modelling, Vol. 84, pp. 117-134, 2020.
"The output Euler equation and real interest rate regimes", Macroeconomic Dynamics Journal, Vol. 23(1), pp. 420-447, 2019.
"Dynamic connectedness in emerging Asian equity markets" (with Suthawan Prukumpai and Yuthana Sethapramote), Chapter in Banking and Finance Issues in Emerging Markets Vol. 25, William Barnett and Bruno S. Sergi (Eds.), Emerald Publishing, 2018.
"Thai inflation dynamics in a globalized economy. Journal of the Asia Pacific Economic 23(3), pp. 465-495, 2018.
"Trend inflation estimates for Thailand from disaggregated data" (with Vorada Limjaroenrat), Economic Modeling, Vol. 65, pp. 75-94, 2017.
"Globalization and international inflation dynamics: The role of the global output gap" PIER Discussion Paper, No. 8., 2015.
"Trend inflation and the nature of structural breaks in the New Keynesian Phillips curve" (with Chang-jin Kim and Charles Nelson). Journal of Money, Credit and Banking, Vol. 46, No. 2-3, pp. 253-266, 2014.
"Hong Kong inflation dynamics: Permanent and transitory relationships with the USA and China", chapter in State-Space Models: Applications in Economics and Finance, Yong Zeng and Shu Wu (Eds.), Statistics and Econometrics for Finance, Springer-Verlag, Vol. 1, 2013.
"In search of initial values for regime-switching models: A genetic algorithm approach". In Proceedings of the Chiang Mai University International Conference 2011, Vol. 1, No. 1, pp 14-27. 2011.
"An analysis of the real interest rate and monetary policy under regime shifts". Thammasat Economic Journal, Vol. 27, No. 2, 2009.
Other Writings:
English:
"Navigating Uncertainties: Firm decisions and macro outcomes" (with Tosapol Apaitan, Archawa Paweenawat, Krislert Samphantarak, Pongsak Luangaram, Chaitat Jirophat), Bank of Thailand 2020 Symposium Paper.
"Decoding the low inflation conundrum with online and offline price data" (with Vorada Limjaroenrat, Akarapat Charoenpanitch, Chonnakarn Rittinon), Bank of Thailand 2018 Symposium Paper.
"Thai inflation dynamics in a globalized economy" (with Wanicha Direkudomsak), Bank of Thailand 2015 Symposium Paper.
"The role of global Factors in Thai inflation dynamics", Country note for the Bank for International Settlements Working Party on Monetary Policy in Asia, May 2016.
The changing process of inflation in EMEAP countries: the role of external Shocks, Background Note for the 19th Executives’ Meeting of East Asia-Pacific Central Banks, July 2014.
"World organic food trade and its impact on Asia Pacific", (with Supachit Manopimoke). Research report submitted to the Japan Society for the Promotion of Science, 2007.
Thai:
เศรษฐกิจไทยภายใต้ความไม่แน่นอน, Puey Ungphakorn Institute for Economic Research aBRIDGEd Issue 8/2020.
“ความไม่แน่นอน” ปัจจัยฉุดรั้งเศรษฐกิจไทย? คอลัมน์เศรษฐศาสตร์เข้าท่า Thai Publica, 23 April 2020.
เงินเฟ้อไทยในยุคดิจิตัล: 5 ข้อเท็จจริงเกี่ยวกับราคาสินค้าออนไลน์ในประเทศไทย, Puey Ungphakorn Institute for Economic Research aBRIDGEd Issue 2/2019.
เงินเฟ้อไทยในยุคดิจิตัล: E-commerce กดเงินเฟ้อไทยต่ำหรือไม่? คอลัมน์เศรษฐศาสตร์เข้าท่า Thai Publica, 30 Jan 2019.
ไขปริศนาเงินเฟ้อต่ำด้วยราคาสินค้าออนไลน์-ออฟไลน์, Krungthep Turakit Newspaper, 18 Sep 2018 (with Vorada Limjaroenrat, Akarapat Charoenpanich, Chonnakarn Rittinon)
จากตลาดสดถึงซุปเปอร์มาร์เก็ต 5 ข้อเท็จจริงเกี่ยวกับราคาสินค้าในประเทศไทย, Puey Ungphakorn Institute for Economic Research aBRIDGEd Issue 7/2018.
เงินเฟ้อต่ำ เพราะราคาน้ำมันลดลงเท่านั้นจริงหรือ? คอลัมน์เศรษฐศาสตร์เข้าท่า Thai Publica, 27 May 2016.
พลวัติเงินเฟ้อของไทยภายใต้กระแสโลก (with Wanicha Direkudomsak), Puey Ungphakorn Institute for Economic Research aBRIDGEd Issue 13/2015.
พลวัติเงินเฟ้อภายใต้กระแสโลกาภิวัฒน์, Puey Ungphakorn Institute for Economic Research aBRIDGEd Issue 4/2015.
พลวัติเงินเฟ้อของไทยภายใต้กระแสโลก, Krungthep Turakit Newspaper, 26 Aug 2015 (with Wanicha Direkudomsak).
Professional Positions:
Section Head, Puey Ungphakorn Institute for Economic Research, Bank of Thailand, 2013 - present.
Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University, 2016-present.
Guest Lecturer, Faculty of Economics, Thammasat University, 2014 - present. [Courses taught: Investments, Monetary Theory and Policy]
Assistant Professor and Oswald Scholar, Department of Economics, University of Kansas. 2010-2015. [Courses taught: Microeconomics, Macroeconomics, Econometrics]
Visiting Scholar, Federal Reserve Bank ok Kansas, 2012-2013.
Visiting Scholar, Hong Kong Institute for Monetary Research, Hong Kong Monetary Authority, 2012.
Visiting Scholar, Monetary Policy Group, Bank of Thailand, 2012.
Visiting Scholar, Federal Reserve Bank of Dallas, 2011.
Education:
Ph.D. Economics, University of Washington, 2010.
M.A. Economics, University of Washington, 2007.
M.S. Financial Engineering, Columbia University, 2005.
B.S. Computer Science, University of California at San Diego, 2003.
Geelong Grammar School, Australia, 1996-1999.
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