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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014398424
The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that they reflect the observed features of the North and South Korean economies....
Persistent link: https://www.econbiz.de/10014398452
and inflation. Possible refinements to the inflation targeting framework in Korea were investigated by taking into account …
Persistent link: https://www.econbiz.de/10014398483
Korea’s rapid recovery from the global downturn has transitioned into a full-fledged expansion. Policies to strengthen …
Persistent link: https://www.econbiz.de/10014398513
Korea has made a spectacular recovery from the Asian crisis. Executive Directors commended this developments, and …
Persistent link: https://www.econbiz.de/10014398531
equations for inflation forecasting at horizons consistent with the Bank of Korea 's inflation-targeting framework. It analyzes … the causes and macroeconomic consequences of Korea's dual labor market; discusses the government's reform proposals; and …
Persistent link: https://www.econbiz.de/10014398532
This paper examines whether the six largest and most active emerging stock markets are informationally efficient with respect to changes in the money supply. To investigate if stock prices fully reflect the information contained in money supply changes, two different econometric techniques are...
Persistent link: https://www.econbiz.de/10014398635
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014398773
The revised Bank of Korea Act states that the primary goal of monetary policy is price stability, suggesting that …’s time horizon, and the width of the inflation-target bands. On balance, the empirical evidence suggests that Korea is likely …
Persistent link: https://www.econbiz.de/10014401805
This 2004 Article IV Consultation highlights that from 1999 to 2002, Korea’s economy grew rapidly, by an average of 71 …
Persistent link: https://www.econbiz.de/10014405045