English Abstract: This paper explores whether the effectiveness of monetary policy can be affected by the degree of … household debts. Such responses furthermore become larger in a contractionary monetary policy stance rather than in an … presence of “cash flow channel” with respect to the transmission of contractionary monetary policy.Korean Abstract: 본고는 28개국의 …

high economic growth of trading partners. This paper suggests policy implications that we have to diversify trading …

supplementary budget. Basically, early budget execution is a fiscal policy instrument that responses to economic fluctuations …, though some policy time lag exists. Meanwhile, a simulation using macroeconomic model finds that overall effect on economic …

extract policy implications. The size of expansionary fiscal policy to respond to the financial crisis is found to total 59 … fiscal expenditure and 0.8%p by tax reduction. Based on these results, the expansionary fiscal policy conducted during the …

taxation policy using three variable structural VAR models. By assigning different combinations of identifying restrictions on … variable SVARs confirm these results while the significance of the effectiveness of fiscal policy is enhanced in some cases …

distribution, influence environmental policy and redistributive policy through political decision making process. In an economic … equilibrium which doesn't consider political process, the introduction of environmental policy is shown to increase economic … growth rate.In contrast to an economic equilibrium, environmental policy can be adopted when economic inequality reduces to a …