The Business Survey Index (BSI) is published quarterly by the Korea Institute for Industrial Economics and Trade. Visit www.kiet.re.kr for more projections and industrial statistics. The overall composite Business Survey Index for the manufacturing sector in the fourth quarter (Q4) of 2022...

The Korean Economic and Industrial Outlook is published quarterly by the Korea Institute for Industrial Economics and Trade. Visit www.kiet.re.kr for more projections and industrial statistics. In the first half of 2022, the domestic real economy recovered thanks to improved consumption and...

This paper presents an extension of the model proposed by Bernanke and Mihov (1998), which includes financial dollarization, in order to estimate the effects of monetary policy in Peru for the period 1995-2009. The results show that the effects of monetary policy in a dollarized economy are...

Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...

The social media era generated a global movement towards new ways of acting in the society for human beings. We both can decide what to publish about us on the internet and share it with others. On the other side, there are million of data we leave on the internet we didn't want to. The creation...

Monetary-policy rules are attempts to cope with the implications of having a medium of exchange whose value exceeds its cost of production. Two classes of monetary rules can be identified: (1) price rules that target the value of money in terms of a real commodity, e.g., gold, or in terms of...

Mainstream macroeconomic theory understands the economy as a phenomenon tractable by analysis adequately enough to be manageable by macroeconomic policy guided by this analysis. We explore why this epistemological approach of the economy has remained dominant in mainstream economics despite...