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An Analysis of the Relation between Inflation Targeting and Price Stability : The Case of Korea[2009.5]

Research Department (Monetary & Fiscal Research Team(+82-2-759-4193)) 2009.06.01 1224

  As ten years have passed since the introduction of the inflation targeting regime in 1998, the necessity to evaluate the results of the regime has grown. Against this backdrop, this paper conducts an empirical analysis on the influence of inflation targeting on prices in Korea and makes the following findings...