This paper analyzes the successful stabilization of the Korean economy. In particular, we examine the main variables that have contributed to the deceleration of inflation. For this purpose, we formulate and estimate, a small quarterly econometric model of inflation in a semi-open economy. The estimated model is then used to perform counterfactual simulations to ascertain the contribution to the deceleration of inflation of (a) the collapse in international...
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INFORMACIÓN
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1986/10/01
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Documento de trabajo departamental
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DRD207
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1
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1
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2013/06/05
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Disclosed
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Controlling inflation : Korea's recent experience
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inflation