■ This study shows that, as an oil-importing economy, rising oil prices serve to diminish Korea’s household purchasing power and escalate production costs. The level to which economic entities are affected varies greatly depending on the degree of cost shifting. ■ According to the analysis...

■ The recent rapid accumulation of private debt demands policy actions to reduce the probability of financial instability.■ Interest rate hikes are like a double-edged sword with possibilities of moderately easing some financial woes and hampering economic recovery. Accordingly, the timing...

■ The analysis finds that Korea’s GDP will most probably slip significantly below the previous path due to COVID-19, and the future trend is still very uncertain. ■ Short-term responses to the pandemic should focus on the prevention of a further spread while at the same time policy...

This paper estimates the expectation-augmented Phillips curve, which explains inflation dynamics, in Korea. The phenomenon of low inflation in Korea has been going on for quite some time, in particular since 2012. During the Covid-19 crisis, due to low inflation expectations the operation of...

■ Korea's semiconductor exports have been heavily concentrated in the highly volatile memory sector, making the industry more vulnerable to downturns.- As of 2022, the proportion of the highly volatile memory semiconductor sector within Korea's semiconductor market was more than twice that of...

링크를 클릭하시면, 이 보고서의 한국어 버전을 보실 수 있습니다. 'http://ssrn.com/abstract=2953846' http://ssrn.com/abstract=2953846■ In the event of a China-US trade dispute, the domestic demand in both countries will shrink, having a negative impact on the Korean...