Inflation Targeting in Korea: An Empirical Exploration
The revised Bank of Korea Act states that the primary goal of monetary policy is price stability, suggesting that monetary policy will move toward an inflation-targeting framework. The paper explores some of the practical aspects of this move, including such issues as the predictability of inflation...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 99/7 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The revised Bank of Korea Act states that the primary goal of monetary policy is price stability, suggesting that monetary policy will move toward an inflation-targeting framework. The paper explores some of the practical aspects of this move, including such issues as the predictability of inflation, the definition of the price index, the inflation target's time horizon, and the width of the inflation-target bands. On balance, the empirical evidence suggests that Korea is likely to be successful in adopting an inflation-targeting framework over the medium term |
Beschreibung: | 1 Online-Ressource (55 p) |
ISBN: | 1451842392 9781451842395 |
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spelling | Hoffmaister, Alexander W. Verfasser aut Inflation Targeting in Korea An Empirical Exploration Hoffmaister, Alexander W Washington, D.C International Monetary Fund 1999 1 Online-Ressource (55 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/7 The revised Bank of Korea Act states that the primary goal of monetary policy is price stability, suggesting that monetary policy will move toward an inflation-targeting framework. The paper explores some of the practical aspects of this move, including such issues as the predictability of inflation, the definition of the price index, the inflation target's time horizon, and the width of the inflation-target bands. On balance, the empirical evidence suggests that Korea is likely to be successful in adopting an inflation-targeting framework over the medium term Online-Ausg http://elibrary.imf.org/view/IMF001/03571-9781451842395/03571-9781451842395/03571-9781451842395.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hoffmaister, Alexander W. Inflation Targeting in Korea An Empirical Exploration |
title | Inflation Targeting in Korea An Empirical Exploration |
title_auth | Inflation Targeting in Korea An Empirical Exploration |
title_exact_search | Inflation Targeting in Korea An Empirical Exploration |
title_exact_search_txtP | Inflation Targeting in Korea An Empirical Exploration |
title_full | Inflation Targeting in Korea An Empirical Exploration Hoffmaister, Alexander W |
title_fullStr | Inflation Targeting in Korea An Empirical Exploration Hoffmaister, Alexander W |
title_full_unstemmed | Inflation Targeting in Korea An Empirical Exploration Hoffmaister, Alexander W |
title_short | Inflation Targeting in Korea |
title_sort | inflation targeting in korea an empirical exploration |
title_sub | An Empirical Exploration |
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