본문 바로가기

추천 검색어

실시간 인기 검색어

학술논문

The External Influences on Korea’s Monetary Policy: A Taylor Rule Study

이용수 5

영문명
발행기관
한국APEC학회
저자명
Seh-Beom Koo
간행물 정보
『Journal of APEC Studies』Vol.16 No.1, 1~20쪽, 전체 20쪽
주제분류
경제경영 > 경제학
파일형태
PDF
발행일자
2024.06.30
5,200

구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.

1:1 문의
논문 표지

국문 초록

The study investigates the external influences on Korea’s monetary policy over the period from 1990 to 2020. The focus was on the effects of US interest rates, payments imbalances and exchange rate changes on Korean monetary policy. The estimation of the Taylor rule measures the effects on Korean interest rates. The empirical tests of the Taylor rule implied that the impact of the US interest rate on Korean policy rate has been steady but weak throughout most circumstances. On the other hand, the impact of the exchange rate on Korean policy rate had varied before and after the GFC. The Bank of Korea monetary reports indicated that the overall balance of payments, in the aftermath of the Asian Financial Crisis, has been a main concern of Korean monetary authority while the status of domestic economy has been a main factor contributing to the impact that the exchange rate has had on Korean policy rate during the postcrisis period. Korean monetary policy has been influenced by monetary developments in the US, but it still has had a good deal of independence. At the end, the study concludes that exchange rate policy is an important part of overall monetary policy in Korea.

영문 초록

목차

Ⅰ. Introduction
Ⅱ. The Taylor Rule
Ⅲ. Methodology and Data
Ⅳ. Time Periods & Subsamples from Structural Breaks and Other Issues
Ⅴ. Results: The Taylor Rule Studies
Ⅵ. The Bank of Korea Monetary Policy Report Analysis: The Exchange Rate
Ⅶ. Combined Propensities to Intervene (CPI)
Ⅷ. Conclusion
References

키워드

해당간행물 수록 논문

참고문헌

교보eBook 첫 방문을 환영 합니다!

신규가입 혜택 지급이 완료 되었습니다.

바로 사용 가능한 교보e캐시 1,000원 (유효기간 7일)
지금 바로 교보eBook의 다양한 콘텐츠를 이용해 보세요!

교보e캐시 1,000원
TOP
인용하기
APA

Seh-Beom Koo. (2024).The External Influences on Korea’s Monetary Policy: A Taylor Rule Study. Journal of APEC Studies, 16 (1), 1-20

MLA

Seh-Beom Koo. "The External Influences on Korea’s Monetary Policy: A Taylor Rule Study." Journal of APEC Studies, 16.1(2024): 1-20

결제완료
e캐시 원 결제 계속 하시겠습니까?
교보 e캐시 간편 결제