economic expansion causes housing price appreciation and inflation.The evidence provided in this paper implies that this new …

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 …

forecasters to forecast future inflation and at the same time they need to pay more attention to the general public's expectations …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 …

, 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 …

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

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 … Korea has succeeded in keeping annual average CPI inflation just below the upper limit of the 2007-2009 target under the …

. 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 …

. 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 …

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 …