콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Economy Economic System

Print

1990년대 이후 한국경제의 성장: 수요 및 공급 측 요인의 문제 (The economic growth of Korea since 1990: Contributing factors from demand and supply sides)

Related Document
Frame of Image
  • 1990년대 이후 한국경제의 성장: 수요 및 공급 측 요인의 문제 (The economic growth of Korea since 1990: Contributing factors from demand and supply sides)
  • Hur, Seok-Kyun허석균
  • 한국개발연구원


link
Title 1990년대 이후 한국경제의 성장: 수요 및 공급 측 요인의 문제 (The economic growth of Korea since 1990: Contributing factors from demand and supply sides)
Similar Titles
Material Type Articles
Author(English)

Hur, Seok-Kyun

Author(Korean)

허석균

Publisher

[Sejong, South Korea]:한국개발연구원

Date 2015-05
Journal Title; Vol./Issue 한국개발연구:vol. 31(no. 1)
Pages 39
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Administration
Economy < Economic System
Holding SSRN

Abstract

This study stems from a question, “How should we understand the pattern of the Korean economy after the 1990s?” Among various analytic methods applicable, this study chooses a Structural Vector Autoregression (SVAR) with long-run restrictions, identifies diverse impacts that gave rise to the current status of the Korean economy, and differentiates relative contributions of those impacts. To that end, SVAR is applied to four economic models; Blanchard and Quah (1989)’s 2-variable model, its 3-variable extensions, and the two other New Keynesian type linear models modified from Stock and Watson (2002). Especially, the latter two models are devised to reflect the recent transitions in the determination of foreign exchange rate (from a fixed rate regime to a flexible rate one) as well as the monetary policy rule (from aggregate targeting to inflation targeting). (The rest omitted)