The Drivers of Inflation in Korea: Insights from a Small Open DSGE Model

The Drivers of Inflation in Korea: Insights from a Small Open DSGE Model

This study analyzes the drivers of inflation in South Korea using a Dynamic Stochastic General Equilibrium (DSGE) model tailored to the characteristics of Korea as a small open economy. Employing quarterly data from 1999Q2 to 2023Q2, Bayesian estimation is used to estimate Korea-specific parameters....

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Bibliographic Details
Main Author: Kyunghun Kim
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2025-03-01
Series:East Asian Economic Review
Subjects:
inflation
dynamic stochastic general equilibrium
bayesian estimation
cost-push shocks
Online Access:https://dx.doi.org/10.11644/KIEP.EAER.2025.29.1.444
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