01635cas a2200241 a 4500 AALejournalIMF011238 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462328437 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Korea : Selected Issues. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (20 pages) IMF Staff Country Reports <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 recent global financial crisis has exposed the limitations of a conventional inflation targeting framework in insulating an economy from all shocks, and demonstrated that its rigid application may aggravate the effect of shocks on output and inflation. Possible refinements to the inflation targeting framework in Korea were investigated by taking into account developments in the financial sector. The findings indicate that incorporating financial stability considerations will ease business cycle fluctuations by mitigating the buildup of factors that lead to large fluctuations in output and inflation. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/247 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/247/002.2011.issue-247-en.xml IMF e-Library