Chatsurang Karnchanasai Bank of Thailand   Bank of Thailand Monetary Policy Group 273 Samsen Rd. Pranakhon, Bangkok 10200 Thailand   chatsurk@bot.or.th     Biographical Sketch: Economist, Monetary Policy Group   Primary Research Focus: Monetary Policy and Central Banking issues   JEL Areas: E5 : Monetary Policy, Central Banking, and the Supply of Money and Credit: General C5 : Econometric Modeling: General