Price Pressure Gaps : An Application of P* Using Korean Data /

This paper presents estimates of a price-pressure indicator for Korea. It does this by constructing measures of how much M2 velocity and output differ from their long-term values. This, in turn, involves estimating a demand for money function in an error correction framework in which interest rates...

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Detalles Bibliográficos
Autor principal: Haas, Richard
Otros Autores: Corker, Robert
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1991.
Colección:IMF Working Papers; Working Paper ; No. 1991/026
Acceso en línea:Full text available on IMF
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100 1 |a Haas, Richard. 
245 1 0 |a Price Pressure Gaps :   |b An Application of P* Using Korean Data /  |c Richard Haas, Robert Corker. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1991. 
300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper presents estimates of a price-pressure indicator for Korea. It does this by constructing measures of how much M2 velocity and output differ from their long-term values. This, in turn, involves estimating a demand for money function in an error correction framework in which interest rates in the unorganized money market help to account for the effects of ongoing financial liberalization. An equation explaining the Korean inflation rate is identified in which both the monetary variable--the velocity gap--and the real variable--the output gap--play important roles. 
538 |a Mode of access: Internet 
700 1 |a Corker, Robert. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/026 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/026/001.1991.issue-026-en.xml  |z IMF e-Library