Republic of Korea: Selected Issues

August 4, 2011

Preview Citation

Format: Chicago

Republic of Korea: Selected Issues, (USA: International Monetary Fund, 2011) accessed September 18, 2024

Summary

The recent global financial crisis has exposed the limitations of a conventional inflation targeting framework in insulating an economy from all shocks, and demonstrated that its rigid application may aggravate the effect of shocks on output and inflation. Possible refinements to the inflation targeting framework in Korea were investigated by taking into account developments in the financial sector. The findings indicate that incorporating financial stability considerations will ease business cycle fluctuations by mitigating the buildup of factors that lead to large fluctuations in output and inflation.

Subject: Banking, Credit, Economic and financial statistics, Financial sector policy and analysis, Financial sector stability, Financial statistics, Housing prices, Money, National accounts, Prices, Return on investment

Keywords: Central bank, CR, Credit, Economy, Financial sector stability, Financial statistics, Global, Housing prices, Inflation targeting policy, Inflation targeting rule, ISCR, IT framework, ITFS rule, Reaction function, Return on investment, Risk premium, Sector risk premium

Publication Details

Pages:

20
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/247
Stock No:

1KOREA2011002
ISBN:

9781462328437
ISSN:

1934-7685

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