macroeconomic theory. The depreciation of the won after the currency crisis along with economic liberalization raised the relative …

of our financial and economic systems. This study examines the applicability of the Integrated Inflation Targeting (IIT … inflation and growth in its policy decisions, with some responsiveness to the increase in household debt. However, the … inflation, growth, and being mindful of household credit conditions is superior. It suggests that the policy of actively …

the “price puzzle”, concluding that the estimated response of inflation is positive to the contractionary monetary policy …

(ii) is redistributive in favor of the (borrowing-constrained) poor, by targeting an inflation measure that overweighs the …