Analyzing Expected Inflation Based on a Term Structure Model: A Case of Korea
This paper estimates and characterizes expected inflations using an affine term structure model based on the empirical stochastic process of the interest rates in Korea. The empirical results show that the expected inflation which marked above 4% before the global financial crisis has dampened and s...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2014-05-01
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| Series: | KDI Journal of Economic Policy |
| Subjects: |