English Abstract: This paper attempts to investigate the Korean households’ inflation expectations with particular … and Reis (2002) and estimates it. In addition, it is also examined whether the degree of information rigidity is state … rigidity in Korean households’ inflation expectations is very high. In a month, most of the households simply keep their …

forecasting CPI inflation over the last 10 years (2002Q1-2011Q4). As for the alternative indicators, we select a few concepts of … headline CPI rather than core CPI, and the indicators forecast inflation jointly rather than individually. The better … performance of the alternative indicators is mainly due to their leading correlation with inflation and real activity as well as …

English Abstract:This study empirically estimates how much FTAs affect domestic inflation rates. Most previous studies … is an econometric estimation of the price stabilization due to FTAs and an analysis of how FTAs affect inflation rates … the weighted price index, we find that FTAs reduce the CPI inflation rate by 0.76%p at an annual basis from the second …