M2 Velocity and Expected Inflation in Korea : Implications for Interest Rate Policy (Written in Korean)
This paper attempts to identify key determinants of long run movements of real M2 by using the Johansen procedure for estimating and testing cointegration relations. It turns out that the real M2 equation has been stable over the long run despite rapid changes in financial structure since 1975. More...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
1991-08-01
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| Series: | KDI Journal of Economic Policy |
| Online Access: | https://doi.org/10.23895/kdijep.1991.13.2.3 |