This paper estimates the expectation-augmented Phillips curve, which explains inflation dynamics, in Korea. The phenomenon of low inflation in Korea has been going on for quite some time, in particular since 2012. During the Covid-19 crisis, due to low inflation expectations the operation of...

The negative impact on Korea's growth from the slump in global investment cannot be overlooked. Analysis reveals that shrinking global investment has a large negative impact on the Korean economy, as Korea's GDP dependence on global investment demand is higher than other countries.Korea's...

Restructuring over-investment is unavoidable for China, which will likely drag down Korea's growth in the long-term.ｏIf China makes a hard landing in the process, it will increase and expand the negative impact on Korea's key industries, weakening the overall pace of growth.- Above all,...

China's slowing growth and structural changes are expected to bring some burdens on Korea in creating value-added for year to come.ｏ True, Korean products exported China are mostly intermediate goods, but two thirds of them are found to be eventually consumed domestically, meaning that about...

The unprecedented weakening in equipment investment over the past two years is seen to be caused largely by the electricity and electronics industry. The empirical analysis using macroeconomic variables shows that equipment investment reached a relatively high level, compared to macroeconomic...

This paper compares the monetary policy problem in open economies with that in closed economies. It is found that the monetary policy problems in open and closed economies are isomorphic even in the presence of distortions in a steady state and hence the optimal monetary policies have similar...

The English version of this paper can be found at 'http://ssrn.com/abstract=2953835' http://ssrn.com/abstract=2953835Korean Abstract: □ 미국과 중국 간 통상분쟁이 발생할 경우, 우리 경제는 주로 두 국가의 내수가 위축되면서 부정적 영향을 받게 되며,...

링크를 클릭하시면, 이 보고서의 한국어 버전을 보실 수 있습니다. 'http://ssrn.com/abstract=2953846' http://ssrn.com/abstract=2953846■ In the event of a China-US trade dispute, the domestic demand in both countries will shrink, having a negative impact on the Korean...

Korean Abstract: 본 연구에서는 대내외 충격이 발생하였을 때, 다양한 통화정책에 따른 환율 변동이 거시경제에 미치는 영향을 사회후생의 관점에서 비교분석하고자 한다. 일반적으로 환율 변동은 국가 간의 불균형을 해소하는...