because unemployment growth contains information on not only output gap, but also price inflation and wage inflation which are …

English Abstract: This paper summarizes the results of the Bank of Korea's “Survey on Price-setting Patterns of Firms …, but the number of firms that check and change prices (only) when there is a factor causing price changes (flexible pricing …) has increased. Second, the frequency of price adjustments is found to differ from firm to firm, and to have increased …