. Therefore, even if the yield spread increases due to the increased term premium when inflation uncertainty expands, banks are … reluctant to increase additional loans, leading to a slowdown in real economic growth. After all, when inflation uncertainty …

English Abstract: Recent studies show that a monetary policy stance is an immediate determinant of inflation … persistence. This paper shows how inflation persistence has changed over time and whether monetary policy stance plays an … important role of determining inflation persistence.First, we estimate how inflation persistence has changed over time by using …

English Abstract: This paper investigates the effects of inflation on real estate prices, particularly the discrepancy … the well-known adverse effect of inflation, or the discrepancy between the value of financial assets (or chonsei principal … inflation. This theoretical prediction can help explain the trend of the ratio of apartment sales prices to chonsei prices. That …