inflation and exchange rates maintain stability while its economy is experiencing difficulties due to the international …-of-value purposes is decreasing while the amount of foreign currency holdings for transaction purposes is intact, inflation and exchange … purposes begins to fall, exchange rates show some increase and inflation decreases. In the final stages, where the amount of …

English Abstract: This paper examines the properties of survey-based measures of inflation expectations in Korea …. Inflation expectations are found to be highly persistent and do not appear rational in the sense that all useful information … inflation are closely associated with the actual inflation around the time when expectations are formed and are not well …

oil price increase shocks, it reduces economic growth and increases the inflation rate, but oil price decrease shocks do … is -0.05%, while that against the inflation rate is 0.081%. But oil production shortfall shocks do not have an asymmetric … growth, but do have a symmetric effect in both positive and negative oil production shortfall shocks on the rate of inflation …

inflation rate during the period can be attributed to the bias. In light of purchasing power parity, we provide an …

inflation that excludes the volatile inflation of agricultural and oil-related products.During the inflation targeting period of …English Abstract: The global financial crisis has exerted enormous impacts on the attainment of inflation target in … Korea. The annual average CPI inflation was 3.3% during the targeting period of 2007-2009 and the target was 3.0±0.5%. Thus …