Inflation has been a critical problem in the Korean economy
for more than a quarter century. The major purposes of this
study are to examine the causes and effect of the chronic
inflation in Korea and suggest some policy guideline for future
stabilization efforts. This study on Korean inflation was
undertaken with the financial support of the Japanese Embassy
in Korea.

(※ 서문에서 발췌한 내용임)

Ⅰ. Introduction
Ⅱ. A Brief History of Inflation in Korea, 1945-72
1. Economic disorganization and hyper inflation,1945-53
2. Inflation in the post-Korean War reconstruction period,
1954-60
3. Inflation during 1961-72
Ⅲ. Long-term Sources of Inflation
1. Hypothetical sources of Inflation in Korea
2. Empirical results
3. Implication of empirical results
Ⅳ. Analysis of Recent Inflation from Industrial Cost Side
1. Methodology
2. Analysis of price formation from production cost side
3. Implications of the analysis
Ⅴ. Effects of Inflation on Financial Market Operations
1. Effects on Inflation on Financial assets
2. Effects on demand for loans
3. Effects on financial market operations
Ⅵ. Effects of Inflation on Real Saving and Investment
1. Effects on household saving
2. Effects on gross domestic saving
3. Effects on private investment behaviors
Ⅶ. Effects of Inflation on the Balance of Payments
1. Effects on trade
2. Effects on foreign capital inflows
Ⅷ. Effects of Inflation on Income Growth and Distribution
1. Effect on economic growth
2. Effect on income distribution
Ⅸ. Price Stabilization Policy
1. Financial stabilization program
2. Price stabilization goal at 3 percent level
3. Measures for price stabilization
Ⅹ. Summary and Conclusions