Title Republic of Korea : selected issues / prepared by Burcu Aydin [and others]

Published Washington, D.C. : International Monetary Fund, ©2011

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Description 1 online resource (20 pages) Series IMF country report ; no. 11/247 IMF country report ; no. 11/247. Contents Formalizing financial stability considerations in the conduct of monetary policy in Korea 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 Notes "August 2011." Bibliography Includes bibliographical references Notes Online resource; title from PDF title page (IMF Web site, viewed January 5, 2012) Subject Monetary policy -- Korea -- Econometric models Financial risk -- Korea -- Econometric models Monetary policy -- Econometric models Korea Form Electronic book Author Aydın, Burcu. International Monetary Fund. ISBN 1283567911 9781283567916 9781463901189 1463901186 1463901232 9781463901233

Other Titles Republic of Korea, selected issues

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