economic contraction to an exogenous country spread shock. To analyze the effect of alternative monetary policy on the economy … small economy with financial frictions is more vulnerable to the exogenous shocks such as the foreign exchange rate shock …

English Abstract: According to the production smoothing hypothesis of inventory investment, firms hold inventories to … examine the determinants of inventory investment, we conducted a micro-dynamic analysis using the micro-level corporate panel … investment dynamics on the business cycle …

shock of global financial crisis into core and non-core, applying the structural VAR model. The core shock was defined to … have no (medium- to) long-run impact on real output.The core shock was identified to have the character of the demand shock … shock was an attractor of headline inflation, not vice versa. Therefore, the structural core inflation that reflects the …