In Korea's high-growth economy, the Bank of Korea had been willing to tolerate double-digit inflation, provided that it … upper threshold of tolerable inflation for the Bank of Korea was about 20 percent. It appears that the Bank of Korea …'s disciplined, rule-like approach to monetary policy was able to control inflation and keep it away from explosive levels, despite …

of real output, and below-average and falling inflation. We also find that booms often ended within a few months of an … increase in inflation and monetary policy tightening. The evidence suggests that booms reflect both real macroeconomic …

This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … second half of the 20th century. We use a latent-variable VAR to estimate the impact of inflation and other macroeconomic … shocks promote market booms and inflation shocks contribute to busts. Further, we find that inflation shocks can explain more …

, United Kingdom, and Germany during the 20th century. Booms tended to arise when output growth was rapid and inflation was low …, and end within a few months of an increase in inflation and monetary policy tightening. Latent variable VAR analysis of … post-war data finds that inflation has had a particularly strong impact on market conditions, with disinflation shocks …

inflation target provides more short-run price stability than does the gold standard and, although it introduces a unit root … years. Relative to these regimes, Fisher's compensated dollar reduces price level and inflation uncertainty by an order of … regimes. In the model, an inflation target provides more short-run price stability than does the gold standard and, although …