How Long to Read Strengthening the Monetary Policy Framework in Korea

How Long Does it Take to Read Strengthening the Monetary Policy Framework in Korea?

It takes the average reader and 28 minutes to read Strengthening the Monetary Policy Framework in Korea by Kevin Clinton

Assuming a reading speed of 250 words per minute. Learn more

Description

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.

How long is Strengthening the Monetary Policy Framework in Korea?

Strengthening the Monetary Policy Framework in Korea by Kevin Clinton is 28 pages long, and a total of 7,224 words.

This makes it 9% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Strengthening the Monetary Policy Framework in Korea Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read Strengthening the Monetary Policy Framework in Korea aloud.

What Reading Level is Strengthening the Monetary Policy Framework in Korea?

Strengthening the Monetary Policy Framework in Korea is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Strengthening the Monetary Policy Framework in Korea?

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