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International Macroeconomic Fluctuations in Korea
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Soyoung | - |
dc.date.accessioned | 2011-03-14 | - |
dc.date.available | 2011-03-14 | - |
dc.date.issued | 2011-01 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.24 No.1, pp. 1-20 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/73136 | - |
dc.description.abstract | This paper examines international macroeconomic fluctuations in
Korea by focusing on the sources of fluctuations in key international macro variables, such as cross-country output differential, real exchange rate, and trade balance and international transmission of key structural shocks. These structural shocks include countryspecific supply, demand, and nominal shocks. A structural VAR model with long-run restrictions (that are consistent with many theoretical models) is constructed to investigate these issues. The main findings are: (1) supply shocks explain most of the fluctuations in cross-country output differential; (2) all three types of shocks play a non-negligible role in explaining fluctuations in real exchange rate and trade balance; and (3) demand and supply shocks generate opposite signs of correlation between trade balance and real exchange rate. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Structural VAR | - |
dc.subject | International macroeconomic fluctuations | - |
dc.subject | Output differential | - |
dc.subject | Real exchange rate, | - |
dc.subject | Trade balance | - |
dc.title | International Macroeconomic Fluctuations in Korea | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 김소영 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 20 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 1-20 | - |
dc.citation.startpage | 1 | - |
dc.citation.volume | 24 | - |
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