KIEP Staff Papers
발간물
KIEP Staff Papers
Seongman Moon
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A Risk Map of Markups: Why We Observe Mixed Behaviors of Markups
This paper proposes an explanation for mixed evidence on the behaviors of markups. The key mechanism consists of two complementary channels of risk internalization that arise when firms face uninsurable business risks. One channel..
Seong-Hoon Kim and Seongman Moon 작성일 2014.09.05 조회수 14,730
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Delayed Overshooting: It's an 80s Puzzle
We re-investigate the delayed overshooting puzzle. We find that delayed overshooting is primarily a phenomenon of the 1980s when the Fed was under the chairmanship of Paul Volcker. Related findings are as follows: (1) Uncovered in..
Seong-Hoon Kim 외 작성일 2014.09.05 조회수 13,996
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