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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Bibliographic Details
Main Author: Haas, Richard
Other Authors: Corker, Robert
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1991.
Series:IMF Working Papers; Working Paper ; No. 1991/026
Online Access:Full text available on IMF