Book contents
- Monetary Policy and Central Banking in Korea
- Monetary Policy and Central Banking in Korea
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Preface and Acknowledgements
- Abbreviations
- Part I What Is the Goal of Korean Monetary Policy?
- 1 The Goals of Economic and Monetary Policy
- Part II How Does Money Affect the Korean Economy?
- Part III How Is Monetary Policy Conducted in Korea?
- Part IV How Is Financial Stability Pursued in Korea?
- Part V What Will Be the Challenge for Future Monetary Policy in Korea?
- References
- Index
1 - The Goals of Economic and Monetary Policy
from Part I - What Is the Goal of Korean Monetary Policy?
Published online by Cambridge University Press: 17 February 2022
- Monetary Policy and Central Banking in Korea
- Monetary Policy and Central Banking in Korea
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Preface and Acknowledgements
- Abbreviations
- Part I What Is the Goal of Korean Monetary Policy?
- 1 The Goals of Economic and Monetary Policy
- Part II How Does Money Affect the Korean Economy?
- Part III How Is Monetary Policy Conducted in Korea?
- Part IV How Is Financial Stability Pursued in Korea?
- Part V What Will Be the Challenge for Future Monetary Policy in Korea?
- References
- Index
Summary
Economic policy refers to the actions of the state in defining its objectives and using appropriate instruments to achieve them. The objectives of government in this regard are high long-run economic growth, equitable distribution of income and wealth, and stable prices and output. Macroeconomic policies, represented by monetary and fiscal policies, are just those intended to stabilise prices and output. This chapter begins by examining historically how these policy objectives have been addressed by the Korean government, and, against this backdrop, looks at the goals of macroeconomic policy, and especially monetary policy in Korea.
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- Monetary Policy and Central Banking in Korea , pp. 3 - 28Publisher: Cambridge University PressPrint publication year: 2022