A Test on the Efficiency of Monetary Policy in Korea

A Test on the Efficiency of Monetary Policy in Korea

This paper evaluates the efficiency of monetary policy in Korea within the framework of interest rate feedback rules. For this, a small open macroeconomic model is constructed in a similar fashion to Ball (1999). The model is shown to capture key features of the Korean economy well. Using this estim...

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Bibliographic Details
Main Authors: Cho, Seong hoon, Huh, Hyeon-seung, Woo, Hee Yeul
Format: Article
Language:English
Published: Korea Development Institute 2007-12-01
Series:KDI Journal of Economic Policy
Subjects:
Monetary Policy(통화정책)
Open Economy(개방경제)
Optimal Policy Rules(최적통화준칙)
Online Access:https://doi.org/10.23895/kdijep.2005.29.2.117

Internet

https://doi.org/10.23895/kdijep.2005.29.2.117

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