Effectiveness of Monetary Policy in Korea Due to Time Varying Monetary Policy Stance
This paper has studied the monetary policy in Korea with a time varying VAR model using four key macroeconomic variables. First, inclusion of the exchange rate was a crucial factor in evaluating Korean monetary policy since the monetary policy demonstrated sensitivity to exchange rate movements duri...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2014-08-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2014.36.3.1 |