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An assessment of the new Keynesian Phillips Curve in the Korean economy

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Frame of Image s. This paper has also been presented at the macroeconomics study group under the Korean Econometric Society. The authors thank Seonghwan Oh, Ehung Gi Baek, Yong Seung Jung and other seminar participants for their helpful discussions and suggestions. All errors are mine. ߯ rresponding author: Economist, Macroeconomics Studies Team, Institute for Co Monetary & Economic Research, the Bank of Korea (+82-2-759-5424, kimbg@bok.or.kr) ߰onomist, Inflation Research Team, Research Department, the Bank of Korea Ec
< Contents >
. Introduction ······························································································ 1
æð Open Economy Model ··········································································· 6 .
æñ Estimation of the Phillips Curve ························································ 18 .
æò Conclusions ···························································································· 28 .
References ····································································································· 30
< Abstract in Korean > ················································································ 50
An Assessment of the New Keynesian Phillips Curve in the Korean Economy
This paper examines the validity of the new Keynesian Phillips curve in the Korean economy, which is characterized by its high dependence on foreign materials as intermediate inputs. A new Keynesian Phillips curve in
an open economy is necessary for this


Full Text
Title An assessment of the new Keynesian Phillips Curve in the Korean economy
Similar Titles
Material Type Reports
Author(English)

Kim, Bae-Geun; Ahn, Byung Kwun

Publisher

[Seoul]:The Bank of Korea(Institute for Monetary and Economic Research)

Date 2008-03
Series Title; No Working paper / 331
Pages 54
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Economy < Trade
Economy < Economic Conditions
Holding The Bank of Korea