Republic of Korea; Selected Issues

This Selected Issues paper for the Republic of Korea focuses on the role of monetary policy in the current context of slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle turning downward, the trade-off between inflation and growth is deteriorating. Subprime-related turbulences in financial markets add an extra element of uncertainty to the economic outlook, and have led to a noticeable increase in Koreaâ€™s stock market and exchange rate volatility.

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Year of publication:	2008-09-11
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Selected issues \| Prices \| Household credit \| Liquidity \| Banking sector \| Economic growth \| Risk management \| inflation \| monetary policy \| inflation targeting \| monetary fund \| inflation targeting framework \| monetary transmission \| price inflation \| monetary policy rule \| real interest rate \| monetary transmission mechanism \| inflationary pressures \| central bank \| inflation rate \| inflation target \| lower inflation \| actual inflation \| inflationary impact \| high inflation \| monetary policy framework \| real rate of interest \| inflationary pressure \| real interest rates \| inflation dynamics \| wage-price \| terms of trade shock \| nominal interest rate \| rising inflation \| financial stability \| monetary policy reaction function \| monetary reaction function \| adaptive expectations \| price stability \| monetary aggregates \| nominal interest rates \| terms of trade

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/296 7 pages long
Source:	RePEc - Research Papers in Economics

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