Otani, Ichiro; Park, Yung Chul - In: IMF Staff Papers 23 (1976) 1, pp. 164-199
The main purpose of this paper is threefold: (1) to remedy various aspects of the defects inherent in a single-equation approach to an explanation of a monetary phenomenon; (2) to construct a simultaneous-equation system of a quarterly monetary model of the Korean economy and to test the...