01609cas a2200241 a 4500 AALejournalIMF000804 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842395 1018-5941 BD-DhAAL BD-DhAAL Hoffmaister, Willy. Inflation Targeting in Korea : An Empirical Exploration / Willy Hoffmaister. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (55 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The revised Bank of Korea Act states that the primary goal of monetary policy is price stability, suggesting that monetary policy will move toward an inflation-targeting framework. The paper explores some of the practical aspects of this move, including such issues as the predictability of inflation, the definition of the price index, the inflation target's time horizon, and the width of the inflation-target bands. On balance, the empirical evidence suggests that Korea is likely to be successful in adopting an inflation-targeting framework over the medium term. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/007 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/007/001.1999.issue-007-en.xml IMF e-Library