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Policy Analyses

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  • 최근 국내 외환정책의 주요 이슈와 향후 과제 - 소규모 개방경제모형하에서의 통화정책..
    Optimal Monetary Policy in a Small Open Economies

    There are many small open economies that have recently been employing inflation targeting as a medium-term monetary policy target. In addition, inflation targeting comes with a free-floating exchange rate regime because it is adva..

    Doo Yong Yang et al. Date 2005.12.30

    Monetary policy
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    Summary
    There are many small open economies that have recently been employing inflation targeting as a medium-term monetary policy target. In addition, inflation targeting comes with a free-floating exchange rate regime because it is advantageous in mitigating external shocks. However, in the process of inflation targeting there arise some conflicts between the pressures of and exchange rate stability and higher inflation, especially cost-push inflation. (The rest is omitted.)
  • 최근 국내 외환정책의 주요 이슈와 향후 과제 - 한국의 물가안정목표제하의 환율정책
    Exchange Rate Policies under Inflation Targeting in Korea

    This report reviews theoretical developments on inflation targeting, evaluates the way it has been managed in Korea, and tries to find its link with Korea's exchange rate policies. Introduced officially in late 1990s, inflation ta..

    Eun Kyung Kim et al. Date 2005.12.30

    Exchange rate
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    없음
    Summary
    This report reviews theoretical developments on inflation targeting, evaluates the way it has been managed in Korea, and tries to find its link with Korea's exchange rate policies. Introduced officially in late 1990s, inflation targeting has been one of the key macroeconomic means exercised by Bank of Korea. (The rest is omitted.)
  • 무역자유화가 고용 및 임금 양극화에 미친 영향: 한국 제조업을 중심으로
    무역자유화가 고용 및 임금 양극화에 미친 영향: 한국 제조업을 중심으로

    Since 1980 when the limitations of the government-led growth strategies started to show, Korea has adopted trade liberalization policies from import substitution ones. (The rest is omitted.)

    Woo-Yung Kim et al. Date 2005.12.30

    Trade policy
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    Summary
    Since 1980 when the limitations of the government-led growth strategies started to show, Korea has adopted trade liberalization policies from import substitution ones. (The rest is omitted.)
  • 전 세계적 양극화 추세와 해외 주요국의 대응
    Policy Responses by Developed Countries to the Global Trend of Bipolarization

    This study studies policy implications of the phenomenon of 'bipolarization' in contemporary Korea by providing ample case studies of developed foreign countries in terms of bipolarization and policy responses. The phenomenon of b..

    Heungchong Kim et al. Date 2005.12.30

    Economic development, Financial liberalization
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    Summary
    This study studies policy implications of the phenomenon of 'bipolarization' in contemporary Korea by providing ample case studies of developed foreign countries in terms of bipolarization and policy responses. The phenomenon of bipolarization is a relatively new phenomenon, even in developed countries. Bipolarization has emerged as one of Korea's major problems, as its speed is unprecedentedand its scope is broad and comprehensive. In case of the United States, worsening income distribution has been observed, and the problem of poverty is now receiving special attention. (The rest is omitted.)
  • ASEAN 및 회원국들의 지식재산권관련 현황과 한 ASEAN FTA의 시사점
    IPRs of ASEAN and Its Members and Implications for the Korea-ASEAN FTA

    Korea and ASEAN, aiming to conclude an FTA in 2006, began the first round of negotiations on February 22 to 25 and concluded the seventh round as of October11 to 14 in 2005. It is agreed that IPR is one of the remaining issues in ..

    Booyoung Eom Date 2005.12.30

    Economic integration, Industrial policy
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    Content
    I. Introduction
    1. Scope and Objective
    2. The Overview of IPRs under FTA

    II. The IPRs Policies of ASEAN Member Countries
    1. Overview
    2. The IPRs Policies of Individual Countries
    3. FTAs Concluded by ASEAN Members
    a. Singapore-US FTA
    b. Singapore-Japan FTA
    c. Vietnam-US FTA

    III. The IPRs Policies of ASEAN
    1. Overview
    2. Agreement and Action Plan
    a. ASEAN Framework Agreement on Intellectual Property Cooperation
    b. ASEAN Intellectual Property Right Action Plan 2004-2010
    3. Cooperations with Other Regions
    a. EC-ASEAN Intellectual Property Rights Cooperation Program
    b. ASEAN-WIPO Cooperation

    IV. The Infringement of IPRs on Korean Goods
    1. The Infringement of IPRs on Cultural Goods
    2. The Comparison of Technological Competitiveness

    V. Conclusion and Implication
    Summary
    Korea and ASEAN, aiming to conclude an FTA in 2006, began the first round of negotiations on February 22 to 25 and concluded the seventh round as of October11 to 14 in 2005. It is agreed that IPR is one of the remaining issues in negotiating economic cooperation between the two entities. Under worries that any positive effects of an FTA will be negated in the event of inadequate IPR protection, this paper analyzes the IPR policiesof ASEAN and its members, and draws implications for a Korea-ASEAN FTA. (The rest is omitted.)
  • 해외충격이 국내경기변동에 미치는 효과 분석
    Impacts of Foreign Shocks onDomestic Macroeconomic Fluctuations

    When evaluating the domestic economy of small-open economy, there are various potentially negative foreign shocks that must be taken into consideration. (The rest is omitted.)

    Kwon Sik Kim Date 2005.12.30

    Exchange rate
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    Summary
    When evaluating the domestic economy of small-open economy, there are various potentially negative foreign shocks that must be taken into consideration. (The rest is omitted.)
  • 2006년 세계 경제 및 통상환경 전망
    The Outlook for 2006 World Economy

    The world economy is evaluated be very flexible when dealing with high-priced oil, natural disasters, and external shocks. A goal for the second and third quarters of 2006 is to have a continuous growth momentum greater than a lon..

    Junkyu Lee ed. Date 2005.12.30

    Economic outlook
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    Content
    1. World Economy
    2. Major Countries
    3. Exchange Rate
    4. Oil Prices
    5. Trade and Investment Environment
    Summary
    The world economy is evaluated be very flexible when dealing with high-priced oil, natural disasters, and external shocks. A goal for the second and third quarters of 2006 is to have a continuous growth momentum greater than a long term trend line. Also, in the second half of 2006, the negative effects of consumption, investment, and real GDP growth are expected to increase because of the rise inworldwide interest rates. (The rest is omitted.)
  • Industrial Structural Interdependency in Northeast Asia: An International Input-..
    Industrial Structural Interdependency in Northeast Asia: An International Input-Output Analytical Approach

    When one attempts to put the enhanced economic cooperation among the Northeast Asian countries (NEA) into perspective, it is necessary to understand industrial linkages among the countries concerned. For this purpose, this paper i..

    Sumio Kuribayashi Date 2005.12.30

    Economic cooperation, North Korean economy
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    Executive Summary

    I. Introduction

    II. Compilation of North Korea's 2002 Estimated I-O Table
    1. Assumptions
    2. Utilization of China's 1981 I-O table
    3. Total output, intermediate input, intermediate
    demand, final domestic demand, export, import
    4. Estimation of input coefficients by RAS
    5. Estimation of North Korea's 2002 non-competitive import-type I-O table

    III. Compilation of South Korea's 2002 Estimated I-O Table
    1. Competitive import-type I-O table
    2. Non-competitive import-type I-O table

    IV. The Compilation of North Korea Link I-O Table

    V. China and Japan

    VI. Compilation of Mongolia's 2002 Estimated I-O Table
    1. Assumptions
    2. Total output, intermediate input, intermediate-final-export-import demand

    3. Estimation of Mongolia 2002 non-competitive import-type I-O table

    VII. Interdependence among South Korea, North Korea, China, Japan, and Mongolia

    VII. Conclusion

    References

    Appendix 1. Single Sector Model and Simulation of effect of the Japan ODA to
    North Korea
    Appendix 2. Estimation of RAS is carried out by the following Procedures
    Summary
    When one attempts to put the enhanced economic cooperation among the Northeast Asian countries (NEA) into perspective, it is necessary to understand industrial linkages among the countries concerned. For this purpose, this paper intends to compile a simple NEA (North Korea, South Korea, China, Japan and Mongolia) regional I-O table for 2002. On this basis, this paper attempts to work out basic simulations in order to clarify the structure of dependency of North Korea on the economies in Northeast Asia.
  • 한· 중· 일 FTA의 경제적 파급효과 및 대응전략
    The Economic Effects of a China-Japan-Korea FTA and Implications for the Korean Economy

    This volume summarizes the result of a series of cooperative research on 'The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,' undertaken under the auspices of the National Research Council ..

    Chang Jae Lee et al. Date 2005.12.30

    Economic cooperation, Trade policy
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    .
    Summary
    This volume summarizes the result of a series of cooperative research on 'The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,' undertaken under the auspices of the National Research Council for Economics, Humanities and Social Sciences in 2005. (The rest is omitted.)
  • 한·중·일 FTA: 제조업 부문의 대응전략 - 민감품목 분석을 중심으로-
    China-Japan-Korea FTA: Strategies for Koarea's Manufacturing Sector

    China has been integrating its market into the world market, most notably after its accession to the WTO in 2001. Accompanying China's open door policy has been the rapid growth of intra-regional trade between China, Japan and Kor..

    Bak-Soo Kim et al. Date 2005.12.30

    Economic opening, Trade structure
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    없음.
    Summary
    China has been integrating its market into the world market, most notably after its accession to the WTO in 2001. Accompanying China's open door policy has been the rapid growth of intra-regional trade between China, Japan and Korea (hereafter CJK). Between 2000 and 2004, the growth rate of Korea's intra-regional trade with China and Japan increased twofold, compared to its trade with the rest of the world. (The rest is omitted.)
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