Joe, Dong Hee; Oh, Tae Hyun; Lee, Hyun Jean - 2021
deflation; and the Swiss Franc (CHF), considered to be a safe asset in the international financial market, severely appreciated … produced goods, resulting in deflation and distortion in the economic agents’ decision between imported goods and domestically …’s domestic economy, rather than for improving the country’s price competitiveness. Deflation had been happening for some time in …