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 …

The Shadow Open Market Committee was formed in 1973 in response to rising inflation and the apparent unwillingness of U … favored by the Shadow would have lowered inflation with less impact on output growth, and with less variability in output and … inflation, than a one-time reduction in monetary growth. We conclude that the Shadow articulated a sensible policy that would …

, 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 …