Download or read book Strengthening the Monetary Policy Framework in Korea written by Kevin Clinton and published by International Monetary Fund. This book was released on 2019-05-13 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adoption of inflation targeting by the Bank of Korea (BOK) in 1998 contributed to low and stable inflation. However, after the global financial crisis (GFC) monetary policy faced more challenging conditions. Inflation slipped below the target range in 2012 and remains below it despite a cut in the target to 2 percent in 2016. Policy also became more complex with the addition of financial stability to the central bank’s mandate. To address these challenges, this paper proposes a two-pronged approach to strengthen the effectiveness with which monetary policy can meet its objectives: first, enhanced communication on how the target will be achieved over the medium-term, building on a forecasting and policy analysis system; and, second, by clarifying the complementary role of macroprudential policy in containing financial stability risks so that monetary policy can focus on the inflation target. Simulation of a macro model calibrated to Korea illustrates how it can be used to provide this greater medium-term focus on achieving the inflation target and strengthen communication.
Download or read book Strengtherin the Monetary Policy Framework in Korea written by and published by . This book was released on 2019 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adoption of inflation targeting by the Bank of Korea (BOK) in 1998 contributed to low and stable inflation. However, after the global financial crisis (GFC) monetary policy faced more challenging conditions. Inflation slipped below the target range in 2012 and remains below it despite a cut in the target to 2 percent in 2016. Policy also became more complex with the addition of financial stability to the central bank’s mandate. To address these challenges, this paper proposes a two-pronged approach to strengthen the effectiveness with which monetary policy can meet its objectives: first, enhanced communication on how the target will be achieved over the medium-term, building on a forecasting and policy analysis system; and, second, by clarifying the complementary role of macroprudential policy in containing financial stability risks so that monetary policy can focus in the inflation target. Simulation of a macro model calibrated to Korea illustrates how it can be used to provide this greater medium-term focus on achieving the inflation target and strengthen communication.
Download or read book How to Get Into the Top MBA Programs written by Richard Montauk and published by Penguin. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now with new and expanded information on international MBA programs, comprehensive rankings of the leading schools, and new interviews with admissions officers, this resource provides a complete overview of what the top schools look for.
Download or read book How to Get Into the Top Colleges 3rd ed written by Richard Montauk and published by Penguin. This book was released on 2009-08-04 with total page 811 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate guide for getting into the country's most elite colleges- with insider tips straight from admissions directors. Now fully revised, How to Get into the Top Colleges is the definitive resource for students determined to stand out in the crowd of applicants and join the ranks at the country's most prestigious schools. This book is an in-depth and targeted resource, which shows students just what it takes to make the grade at the nation's leading private and public colleges by taking them step by step through the entire application process. Includes exclusive, invaluable, and revealing interviews with the country's leading admissions directors.
Download or read book The MBA Advantage written by Ronald N. Yeaple and published by Adams Media Corporation. This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
