The paper considers asymmetric central bank preferences and nonlinear AS curve in the monetary policy reaction function to examine nonlinear property of monetary policy rules. The optimal monetary policy rules are derived in a new Keynesian macroeconomic framework where the central bank has the...

Over the past decade, IT investment has been regarded as a key factor in enhancing productivity and economic development in Korea. This paper will assess whether the IT industry can positively affect structural change using an Input-Output model. Changes in Korean industries are traced using...

University-industry collaboration (UIC) has become an increasingly frequent innovation strategy, especially in the Western hemisphere. But we know much less about such research collaborations in East Asia. This study explores and contrasts the current nature and status of UICs in Japan and Korea...

This paper analyzes the economic consequences of performance-oriented human resource (HR) system reform at Auto Japan (pseudonym), one of the largest Japanese auto sales firms, using personnel and employee output data. The author overviews the three major components of the HR reform: base wages,...

In recent years under the trendof a global recession andd omestic structural change, the unemployment rate in Taiwan has reacheda recordhigh of above 5% which in turn has generateda series of social problems. Unemployment has now become the core issue in the government's agenda. From historical...