지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2021.11
- 수록면
- 481 - 498 (18page)
- DOI
- 10.22904/sje.2021.34.4.001
이용수
초록· 키워드
오류제보하기
This research studies the impact of uncertainty generated by the US monetary policy in the post-quantitative easing period, particularly regarding the timing and pace of policy rate normalization by the Federal Reserve. We are specifically interested in the effects on emerging market economies such as South Korea.
By using a news-based uncertainty index to measure the extent of monetary policy uncertainty in the US, we find that unexpected increased uncertainty with respect to the US monetary policy has significant adverse impact on the KRW/USD exchange rate, stock prices, and capital inflow to South Korea, but does not significantly affect the macroeconomic variables of the country, such as output and consumer prices. Therefore, we expect that heightened uncertainty regarding US monetary policy normalization would, at most, have temporary disruptions in financial markets but does not have a large impact on emerging market economies.
목차
등록된 정보가 없습니다.
참고문헌 (5)
참고문헌 신청
Wu, J. C / 2016 / Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound / Journal of Money, Credit, and Banking 48(2-3):253~291
Husted, L. F. / 2016 / Measuring Monetary Policy Uncertainty: The Federal Reserve, January 1985-January 2016
Cushman, D. O / 1997 / Identifying Monetary Policy in a Small Open Economy Under Flexible Exchange Rates / Journal of Monetary Economics 39(3):433~448
Mackowiak, B / 2007 / External Shocks, U.S. Monetary Policy and Macroeconomic Fluctuations in Emerging Markets / Journal of Monetary Economics 54(8):2512~2520
Baker, S.R / 2016 / Measuring Economic Policy Uncertainty / Quarterly Journal of Economics 131(4):1593~1636
Husted, L. F. / 2016 / Measuring Monetary Policy Uncertainty: The Federal Reserve, January 1985-January 2016
Cushman, D. O / 1997 / Identifying Monetary Policy in a Small Open Economy Under Flexible Exchange Rates / Journal of Monetary Economics 39(3):433~448
Mackowiak, B / 2007 / External Shocks, U.S. Monetary Policy and Macroeconomic Fluctuations in Emerging Markets / Journal of Monetary Economics 54(8):2512~2520
Baker, S.R / 2016 / Measuring Economic Policy Uncertainty / Quarterly Journal of Economics 131(4):1593~1636
함께 읽어보면 좋을 논문
논문 유사도에 따라 DBpia 가 추천하는 논문입니다. 함께 보면 좋을 연관 논문을 확인해보세요!
-
Economic Policy Uncertainty and Korean Economy : Focusing on Distribution Industry Stock Market
유통과학연구
2017 .01
-
The effect of uncertainty on the information content of term spread and its components
선물연구
2021 .01
-
On the Link Between Policy Uncertainty and Domestic Production in G7 Countries: An Asymmetry Analysis
International Economic Journal
2021 .01
-
Policy Measures and Exchange Rate Policy: The Case Study on Korea
[KIEP] KIEP Opinions
2016 .06
-
경제 불확실성이 한국 수출제조기업의 투자에 미치는 영향에 관한 연구
한국무역경영연구
2023 .01
-
경제불확실성과 경제정책 불확실성이 중국 CDP Premium에 미치는 영향 분석
한중사회과학연구
2020 .01
-
Economic Policy Uncertainty and Its Implications on Economic Recovery: A Case Study of Korea
[KIEP] KIEP Opinions
2016 .01
-
The US Monetary Policy Normalization: The Impact on Korean Financial Market and Capital Flows
[KIEP] World Economy Brief
2019 .03
-
중국경제 불확실성의 미국경제에의 영향 연구
중국연구
2020 .01
-
중국 경제 불확실성 측정과 중화권 주식 시장 변동성에 대한 예측력
금융지식연구
2018 .01
-
Uncertainty Channel between Stock Prices and Foreign Exchange Rates in Nepal
무역연구
2015 .01
-
Economic Policy Uncertainty, Internal Control and M&A Performance
한국무역학회 국제학술대회
2019 .08
-
Bayesian Time-Varying Parameter VAR 모형을 이용한 아시아 주식시장과 경제정책 불확실성에 관한 연구
국제경영리뷰
2020 .01
-
Dynamic Relationship between Stock Prices and Exchange Rates: Evidence from Nepal
국제지역연구
2016 .01
-
경제적 불확실성과 회계정보의 가치관련성
회계학연구
2022 .04
-
Micro Uncertainty and the Lending Channel : Bank-level Evidence in an Emerging Market
Global Business and Finance Review
2024 .07
-
Navigating External Shocks: Capital Flow Responses and Policy Effectiveness in Turbulent Times
[KIEP] World Economy Brief
2024 .06
-
국내 경제정책 불확실성이 거시 및 금융 변수에 미치는 영향
한국경제연구
2018 .06
-
중국 불확실성 측정과 실물경제에의 영향
한중사회과학연구
2019 .01
-
미국과 중국의 경제정책 불확실성이 한국의 주택시장에 미치는 영향
한국산업경제학회 정기학술발표대회 초록집
2018 .12
이 논문의 저자 정보
최근 본 자료
댓글(0)
0