Lessons from unconventional monetary policy for small open economies and emerging markets
27 August 2022 · Chang Yong Rhee , Governor of the Bank of Korea (South Korea)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability , development and emerging economies
CY 27 Aug 2022 · Chang Yong Rhee Wiki · Bank of Korea Wiki Lessons from unconventional monetary policy for small open economies and emerging markets Context Paper presentation at the Kansas City Fed's Jackson Hole Symposium; the Bank of Korea keeps prices and finance stable and studies unconventional policy in small open economies.
Why it matters Rhee draws lessons from unconventional policy in emerging markets.
Problems raised Emerging markets used unconventional policies. Inflation may not be transitory. Policy paths are uncertain. Solutions proposed Learn lessons from unconventional policies. Consider scenarios with persistent inflation. Adapt tools for small open economies. Read full speech on bis.org ↗ More from Chang Yong Rhee · Bank of Korea · all speeches
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