Changes in Inflation Dynamics in Korea: Global Factor, Country Factor and Their Propagation*
Oxford Bulletin of Economics and Statistics, Volume 86, Issue 6, Page 1373-1408, December 2024.Abstract This study examines the influence of global and country factors on inflation movements in Korea using a multi‐level factor model. Our results indicate that country factors showed a more pronounced alignment with inflation in Korea up to the mid‐2000s, having particularly strong impacts around the Asian financial crisis.
Yun Jung Kim, Noh‐Sun Kwark
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Freitag, James
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