, such as, domestic economic growth and inflation. In particular, the asymmetric response of macroeconomic variables to the … 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 …

reacted to expected inflation, output gap, and won/dollar exchange rate, as expected by theory. Second, it identifies the …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 …

. Fourth, firms are found to keep their product prices unchanged unless there are large changes in costs, demand or inflation … reduced impacts on inflation. When the frequency of price adjustments increases, the effects of monetary policy are analyzed …

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

English Abstract: This paper studies, from a quantity theory of money perspective, the reasons that North Korean … inflation and exchange rates maintain stability while its economy is experiencing difficulties due to the international … management of its exchange rate, using both domestic and foreign currencies in an analytic model based on the quantity theory 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 …

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

. According to the inflation dynamics formula drawn under this condition, the demand pressure measured by output gap is found to … cause different impacts on inflation according to different expectation horizons. The empirical analysis of this model using …

English Abstract: This paper analyzes the impact of foreign capital inflow on inflation, centering on the exchange rate … prices due to the won's appreciation, consequently causing the downward pressure on inflation. Meanwhile, the effect of total … demand leads to the upward pressure on inflation since foreign capital inflow encourages private consumption and investment …