that supply-chain disruptions are followed by sizable and statistically significant increases in headline inflation in the … of core inflation. Meanwhile, non-tradable inflation has a generally smaller, short-lived, and insignificant response to …

This study analyzes the drivers of inflation in South Korea using a Dynamic Stochastic General Equilibrium (DSGE) model … primary driver of recent inflation surges in Korea. Accordingly, policymakers need to adopt a comprehensive approach …

The adoption of a credible monetary policy regime such as inflation targeting is known to reduce the persistence of … inflation fluctuations. This conclusion, however, is derived from aggregate inflation or sectoral inflation rates, not from … regional inflation data. This paper studies the regional dimension of inflation targeting, i.e. the consequences of inflation …

in the degree of inflation persistence. Third, while aggregation of heterogeneous categories induces additional …This paper studies the impact of inflation targeting on the evolution of inflation persistence and the effects of … aggregation across expenditure categories. For this purpose we use disaggregate quarterly data on 12 major subcategories of the …

This paper evaluates the whole impact of quantitative easing on inflation in Korea implemented by the central banks in … pressures on inflation in Korea. Considering the impulse responses of Korean macroeconomic variables to a quantitative easing …

This note presents preliminary evidence of recent structural changes to inflation dynamics in Korea, and sets out some … to better explain the prolonged low inflation in the post-2012 period. Second, various measures of trend inflation are … changes in the inflation process during the recent past. Third, we focus on the role of changes in economic structures …

This paper explores the impact of the adoption of inflation targeting (IT) on the dynamics of city-level inflation in … Korea using both aggregate and sector-level data. When looking at aggregate regional inflation, we find that the mean … the literature. We also note a narrowing of the dispersion of regional inflation across cities and a greater degree of …

This paper surveys the recent literature on inflation forecasting and conducts an extensive empirical analysis on … forecasting inflation in Singapore, Japan, South Korea and Hong Kong paying particular attention to whether the inflation …-markup theory can help to forecast inflation. We first review the relative performance of different predictors in forecasting h …

As a result, it is necessary to look at the factors affecting the low inflation rate, as the ripple effects on the …-term (structural) and short-term factors that affect inflation …

Soaring inflation in major economies as well as in Korea has hit economic players hard. Global economic conditions such … as supply chain disruptions and rising commodity prices are recognized as the main driver of the current inflation cycle … and characteristics of Korea’s inflation by comparing inflation factors between the US and Korea. It has been found that …