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prolonged increase in household debt compared to income conditions, which could constrain consumption and growth and increase โ€ฆ financial crisis, leading to a rise in household debt. Additionally, analyzing the central bank's conduct of monetary policy โ€ฆ inflation and growth in its policy decisions, with some responsiveness to the increase in household debt. However, the โ€ฆ
Persistent link: https://www.econbiz.de/10014517419
Korean Abstract: ๊ธˆ๋ฒˆ ๊ธ€๋กœ๋ฒŒ ๊ธˆ์œต์œ„๊ธฐ์— ๋Œ€์‘ํ•˜๋ฉด์„œ ๋ฏธ ์—ฐ์ค€๊ณผ ์œ ๋Ÿฝ์ค‘์•™์€ํ–‰์€ ๋‹ค์–‘ํ•œ ํ˜•ํƒœ์˜ ๋น„์ „ํ†ต์  ํ†ตํ™”์ •์ฑ…์„ ๋„์ž…ํ•˜์˜€๋‹ค. ๋ณธ ๋…ผ๋ฌธ์€ ๋‘ ์ค‘์•™์€ํ–‰์˜ ์ •์ฑ…์ง‘ํ–‰์„ ๋ฐฐ๊ฒฝ๊ณผ ์›์น™์„ ์ค‘์‹ฌ์œผ๋กœ ๋น„๊ต, ์กฐ๋งํ•œ๋‹ค. ๋ฏธ ์—ฐ์ค€์€...
Persistent link: https://www.econbiz.de/10013026016
Korean Abstract: ๊ธ€๋กœ๋ฒŒ ๊ธˆ์œต์œ„๊ธฐ๋ฅผ ๊ณ„๊ธฐ๋กœ ๊ทธ๋™์•ˆ ๊ฒฝ์‹œ๋˜์–ด ์™”๋˜ ํ†ตํ™”ยท์‹ ์šฉ๋Ÿ‰์˜ ์ค‘์š”์„ฑ์ด ํ•™๊ณ„ ๋ฐ ์ค‘์•™์€ํ–‰์„ ์ค‘์‹ฌ์œผ๋กœ ์žฌ์ธ์‹๋˜๊ณ  ์žˆ๋‹ค. ๊ทธ๋Ÿฌ๋‚˜ ์–‘์ ์ง€ํ‘œ๋ฅผ ์‹ค์ œ ๊ธˆ๋ฆฌ์ค‘์‹ฌ์˜ ์ธํ”Œ๋ ˆ์ด์…˜ ํƒ€๊ฒŒํŒ… ์šด์šฉ์ฒด๊ณ„์— ์–ด๋–ป๊ฒŒ ์ ‘๋ชฉ์‹œํ‚ฌ...
Persistent link: https://www.econbiz.de/10013026210
Korea Abstract: ๋ณธ๊ณ ์—์„œ๋Š” 3์š”์ธ ๋ฌด์žฌ์ •๊ฑฐ๋ž˜(3-factor no arbitrage) ์กฐ๊ฑดํ•˜์—์„œ์˜ ์ด์ž์œจ ๊ธฐ๊ฐ„ ๊ตฌ์กฐ๋ฅผ ์ถ”์ •ํ•˜๊ณ  ์ด๋ฅผ ์ด์šฉํ•˜์—ฌ ๊ธฐ๊ฐ„ํ”„๋ฆฌ๋ฏธ์—„์˜ ์ถ”์ด ๋ฐ ์ •์ฑ…๊ธˆ๋ฆฌ ๋ณ€๊ฒฝ์˜ ์œ ํšจ์„ฑ์„ ๋ถ„์„ํ•˜์˜€๋‹ค. ๊ธฐ๊ฐ„ํ”„๋ฆฌ๋ฏธ์—„์˜ ๊ฒฝ์šฐ 3๋…„๋ฌผ์—์„œ ๋†’๊ฒŒ...
Persistent link: https://www.econbiz.de/10012993207
Korean Abstract: ํ†ต์ƒ์ ์œผ๋กœ ์ •์ฑ…๊ธˆ๋ฆฌ์™€ ๊ณ ์šฉ์€ ์—ญ์˜ ๊ด€๊ณ„๋ฅผ ๊ฐ€์ง€๊ณ  ์žˆ๋Š” ๊ฒƒ์œผ๋กœ ์•Œ๋ ค์ ธ ์žˆ์œผ๋ฉฐ ๊ธˆ๋ฆฌ ์ธ์ƒ์€ ์ „์ฒด ๊ณ ์šฉ์„ ๊ฐ์†Œ์‹œํ‚ค๋Š” ์š”์ธ์œผ๋กœ ์ž‘์šฉํ•  ๊ฒƒ์œผ๋กœ ์˜ˆ์ƒ๋œ๋‹ค. ๊ทธ๋Ÿฌ๋‚˜ ์„ฑ๋ณ„, ์„ธ๋Œ€๋ณ„ ๋“ฑ ๋…ธ๋™์‹œ์žฅ์˜ ์„ธ๋ถ€ ๋ถ€๋ฌธ๋ณ„๋กœ...
Persistent link: https://www.econbiz.de/10012995296
Korean Abstract: ๋ณธ ๋…ผ๋ฌธ์—์„œ๋Š” ๊ฐ€๊ณ„๊ฐ„ ์†Œ๋น„ ๋ฐ”์Šค์ผ“ (๋ฐ ์ธํ”Œ๋ ˆ์ด์…˜) ์ด์งˆ์„ฑํ•˜์—์„œ์˜ ์ตœ์ ํ†ตํ™”์ •์ฑ…์„ ๋‹ค๋ถ€๋ฌธ ๋‰ด์ผ€์ธ์ง€์–ธ ๋ชจํ˜•(multi-sector New Keynesian model)์„ ํ†ตํ•ด ๋ถ„์„ํ•˜์˜€๋‹ค. ์†Œ๋น„ ๋ฐ”์Šค์ผ“ ์ด์งˆ์„ฑ์€ ์ƒˆ๋กœ์šด ๊ฒฝ๋กœ๋ฅผ ํ†ตํ•œ ํ†ตํ™”์ •์ฑ…์˜...
Persistent link: https://www.econbiz.de/10014240639
Korean Abstract: ๊ธ€๋กœ๋ฒŒ ๊ธˆ์œต์œ„๊ธฐ์— ๋Œ€์‘ํ•˜๋ฉด์„œ ์ฃผ์š”๊ตญ ์ค‘์•™์€ํ–‰์€ ์ •์ฑ…๊ธˆ๋ฆฌ๋ฅผ ์ œ๋กœ์ˆ˜์ค€๊นŒ์ง€ ๋Œ€ํญ ์ธํ•˜ํ•˜๊ณ  ์–‘์ ์™„ํ™”(quantitative easing) ๋“ฑ ๋น„์ „ํ†ต์  ํ†ตํ™”์ •์ฑ…์„ ๋„์ž…ํ•˜์˜€๋‹ค. ์•„์šธ๋Ÿฌ ์ด๋Ÿฌํ•œ ๋น„์ „ํ†ต์  ํ†ตํ™”์ •์ฑ…์ด...
Persistent link: https://www.econbiz.de/10014137071
Korean Abstract: ๋ณธ ๋…ผ๋ฌธ์€ ์ฃผ์š” 19๊ฐœ๊ตญ์„ ๋Œ€์ƒ์œผ๋กœ ํ†ตํ™”์ •์ฑ… ์ถฉ๊ฒฉ์ด ์ƒ์‚ฐ๊ณผ ๋ฌผ๊ฐ€์— ๋ฏธ์น˜๋Š” ํšจ๊ณผ์— ์ฐจ์ด๊ฐ€ ์žˆ๋Š”์ง€, ์žˆ๋‹ค๋ฉด ๊ทธ๋Ÿฌํ•œ ์ฐจ์ด๊ฐ€ ์–ด๋–ค ์š”์ธ์— ์˜ํ•ด ์œ ๋ฐœ๋˜๋Š”์ง€๋ฅผ ๋ถ€ํ˜ธ์ œ์•ฝ ๊ตฌ์กฐVAR ๋ชจํ˜•๊ณผ 2๋‹จ๊ณ„ ํšŒ๊ท€๋ถ„์„, ๊ทธ๋ฆฌ๊ณ  ์†Œ๊ทœ๋ชจ...
Persistent link: https://www.econbiz.de/10014263603
Korean Abstract: ์ธ๊ตฌ๊ณ ๋ นํ™”๋Š” ๊ฒฝ์ œ์„ฑ์žฅ์€ ๋ฌผ๋ก  ์ธํ”Œ๋ ˆ์ด์…˜, ๊ฒฝ์ƒ์ˆ˜์ง€, ์žฌ์ • ๋“ฑ ๊ฑฐ์‹œ๊ฒฝ์ œ ์ „๋ฐ˜์— ์˜ํ–ฅ์„ ๋ฏธ์นœ๋‹ค. ๋‹ค๋งŒ ์ธ๊ตฌ๊ณ ๋ นํ™”๊ฐ€ ๊ตฌ์ฒด์ ์œผ๋กœ ๊ฑฐ์‹œ๊ฒฝ์ œ์— ์–ด๋–ป๊ฒŒ ์–ผ๋งˆ๋งŒํผ ์˜ํ–ฅ์„ ๋ฏธ์น ์ง€๋Š” ๊ฒฝ์ œ์ฃผ์ฒด๋“ค์˜ ํ–‰ํƒœ, ์ œ๋„, ์ •์ฑ…...
Persistent link: https://www.econbiz.de/10012952791
Korean Abstract: ๊ธ€๋กœ๋ฒŒ ๊ธˆ์œต์œ„๊ธฐ ์ดํ›„, ๊ตญ์ œ์ ์œผ๋กœ๋Š” ๋ฌผ๋ก  ๊ฐ๊ตญ ๊ตญ๋‚ด์ ์œผ๋กœ๋„ ๊ฐ๋…๊ฐœํ˜์ด ์ง„ํ–‰ ์ค‘์ด๋‹ค. ๊ฐœํ˜ ๋…ผ์˜๋Š” ๋‚ด์šฉ์ƒ ๊ฐ๋…์‹ค์งˆ์˜ ๊ฐœํ˜๊ณผ ๊ฐ๋…์ฒด๊ณ„(๊ฐ๋…์ง€๋ฐฐ๊ตฌ์กฐ)์˜ ๊ฐœํ˜์œผ๋กœ ๋Œ€๋ณ„๋œ๋‹ค. ์ด ๊ธ€์€ ํŠนํžˆ ๋ฏธ๊ตญยท์˜๊ตญยทEU์—์„œ...
Persistent link: https://www.econbiz.de/10012901303