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Korean Economic Review

1985 - 2016

Current editor(s): Kyung Hwan Baik

From Korean Economic Association
Contact information at EDIRC.

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2016, volume 32

Multiple Means of Payment, Excess Reserves, and Monetary Policy pp. 5-21 Downloads
Hyung Sun Choi and Manjong Lee
Productivity Distribution and Economic Growth pp. 23-40 Downloads
Jang Ok Cho, Hyo-Youn Chu, Hyung Seok E. Kim and Jaywon Lee
Dynamic Analyses Using VAR Model with Mixed Frequency Data through Observable Representation pp. 41-75 Downloads
Yun-Yeong Kim
The Most Favored Nation Principle: Passive Constraint or Active Commitment? pp. 77-99 Downloads
Jeongmeen Suh, Sihoon Nahm and Seung-Gyu Sim
Macroeconomic Shocks and Dynamics of Labor Markets in Korea pp. 101-136 Downloads
Tae Bong Kim and Hangyu Lee
irm Size and Job Creation in Korea: Do Small Businesses Create More Jobs? pp. 137-166 Downloads
Hanhyung Pyo, Sungcheol Hong and Ahnjeong Kim
Discretion versus Inflation Targeting in Economies with Relative Habit Persistenc Abstract: This paper sets up a canonical new Keynesian model with habit persistence in consumption. The paper estimates key parameters using maximum likelihood and shows that the habit persistence improves the explanatory power of the model over the business cycle, irrespective of habit formation way. If the distortions associated with external habit are not completely eliminated by the fiscal policy, then the remaining external habit entails a gap between the private marginal rate of substitution between consumption and labor and the social marginal rate of substitution, generating an endogenous trade-off between the stabilization of welfare-relevant output gap and inflation. Under this circumstance, discretion, partially taking into account the trade-off between output gap and inflation, can be better than a strict inflation targeting rule in welfare dimension if the fiscal authority does not implement any tax policy to eliminate the distortions associated with external habit. The monetary policy to deal with distortions associated with external habit is less effective in the ratio external habit model than in the difference habit model, resulting in a higher the inflation rate in the ratio external habit model than the inflation rate in the difference habit model pp. 167-200 Downloads
Yongseung Jung

2015, volume 31

Coordination on Use of Non-deferred Electronic Payment Instruments pp. 5-24 Downloads
Pidong Huang and Manjong Lee
Aggregate Instability and Fiscal Policies: Balanced Budget Rules and Productive Public Spending pp. 25-56 Downloads
Hyun Park
Being Knowledgeable or Sociable? Different Patterns of Human Capital Development and Evaluation in Cognitive and Non-cognitive Skills pp. 57-87 Downloads
Changhui Kang and Sam-Ho Lee
Dispersion of Inflation Expectations: Stylized Facts, Puzzles, and Macroeconomic Implications pp. 89-119 Downloads
Young Se Kim and Byeongdeuk Jang
The Effect of Population Aging on Local School Subsidies in Korea pp. 121-144 Downloads
Sun Go
Disaggregated Approach to Measuring Core Inflation pp. 145-176 Downloads
Young Se Kim and Hyok Jung Kim
Corporate Debt Dynamics, Capital Accumulation, and Macroeconomic Instability: A Post-Keynesian Analysis pp. 177-197 Downloads
Min-Chang Ko and Sangheon Lee
Labor Market Effects of School Ties: Evidence from Graduates of Leveled High Schools in South Korea pp. 199-237 Downloads
Seungjoo Lee and Changhui Kang
Evolution of Altruistic Preferences among Boundedly Rational Agent pp. 239-266 Downloads
Nayoung Kim and Sung-Ha Hwang
Cultural Barriers in International Trade and the pp. 267-300 Downloads
Jaeok Park
Procedural Fairness and Taxpayers�� Response Evidence from an Experimen pp. 301-326 Downloads
Byung-hill Jun, Myeonghwan Cho and Myung-Ho Park
Comparative Advantage, Outward Foreign Direct Investment and Average Industry Productivity: Theory and Evidence pp. 327-357 Downloads
Hea-Jung Hyun and Yong Joon Jang
Network Effects of Health Information Technology: Evidence from California Hospitals pp. 359-381 Downloads
Jinhyung Lee
Labor Market Effects of Participation in Shadow Education: Evidence from South Kore pp. 383-411 Downloads
Cheolsung Park
Globalization and Labor Demand Elasticities: Empirical Evidence from Nine OECD Countries pp. 413-439 Downloads
Hwan-Joo Seo, Han Sung Kim and Young Soo Lee

2014, volume 30

The Allocation of Authority and Information Revelation pp. 5-23 Downloads
Dongryul Lee
Citizens' Distrust in Government and Project Implementation in the Public Sector pp. 25-40 Downloads
Hyungna Oh and Jong Ho Hong
Information Sharing Networks in Oligopoly pp. 41-66 Downloads
Yong-Ju Lee
Is Self-Employment Income More Responsive to Income Tax Rate? pp. 67-84 Downloads
Seng-Eun Choi
Intergovernmental Distribution of VAT Revenue in Korea: Local Consumption Tax pp. 109-131 Downloads
Jeongwan Kim
Supply Portfolio of Bioethanol in the Republic of Korea pp. 133-161 Downloads
Jeong Hwan Bae
A Political Economy Analysis of Rules of Origin Requirements of Korea-US FTA with a New Measure of the Requirements pp. 163-190 Downloads
Jaeyoun Roh and Jee-Hyeong Park
Identification of the Distribution of Random Coefficients in Static and Dynamic Discrete Choice Models pp. 191-216 Downloads
Kyoo il Kim
International Interest Rate Shocks and Monetary Policy in a Small Open Economy pp. 217-246 Downloads
Hangyu Lee
Entry Invoking pp. 247-271 Downloads
Jeong-Yoo Kim and Sawoong Kang
Eco-Technology Licensing under Emission Tax: Royalty vs. Fixed-Fee pp. 273-300 Downloads
Seung-Leul Kim and Sang-Ho Lee
Square Density Weighted Average Derivatives Estimation of Single Index Models pp. 301-331 Downloads
Myung Jae Sung
Economic and Political Reforms in a Planned Economy pp. 333-348 Downloads
Suk Jae Noh
Real Options Analysis of Oil and Gas Resource Development for Independent E&P Firms in the North America pp. 349-367 Downloads
Eunchun Park and Hojeong Park
Regulation of Program Licensing Fee in Korean CATV Industry: Is it Welfare-Improving? pp. 369-384 Downloads
Yong-Jae Choi

2013, volume 29

The Economics of Curiosity pp. 23-50 Downloads
Jeong-Yoo Kim
The Growth Effects of Population Aging in an Economy with Endogenous Technological Progress pp. 51-80 Downloads
Young Jun Chun
Lobbies Competition and Bilateral International Environmental Agreements pp. 81-96 Downloads
Geum Soo Kim
A Test for Trading Time Hypothesis on Weekends under Time Varying Autoregression with Heteroskedasti pp. 97-118 Downloads
Yun-Yeong Kim
FDI Externalities and the Response of the Korean Stock Market pp. 119-137 Downloads
Joonhyung Lee
The Choice of Export Destinations and Its Determinants: Evidence from Korean Exports pp. 139-160 Downloads
Kichun Kang
Perks in Long-term Contracts pp. 161-188 Downloads
YiLi Chien, Minseong Kim, Joon Song
Social Consequences of Economic Segregation pp. 189-210 Downloads
Yoonseok Lee, Donggyun Shin, Kwanho Shin
Determinants of Labor Market Outcomes of Disabled Men Before and After the Americans with Disabilities Act of 1990 pp. 211-233 Downloads
Chung Choe
Bargaining and War: A Review of Some Formal Models pp. 235-266 Downloads
Sandeep Baliga and Tomas Sjostrom
Local Identity and Persistent Leadership in Market Share Dynamics: Evidence from Deregulation in the Korean Soju Industry pp. 267-304 Downloads
Jay Choi, Seung-Hyun Hong and Seonghoon Jeon
Deep Habits, Rule-of-Thumb Consumers, and Fiscal Policy pp. 305-327 Downloads
Daeha Cho and Kwang Hwan Kim
Productivity, Markups and Export Intensity: Evidence from Korean Manufacturing pp. 329-350 Downloads
Yong-Seok Choi and Siwook Lee
Separation of Two Agencies for Fiscal Policies pp. 351-377 Downloads
Sangwon Park
The Effects of Preferential Rules of Origin on Trade Flows pp. 379-403 Downloads
Honggue Lee
A Drawback of Political Accountability pp. 405-428 Downloads
Kwang-ho Kim
A Sufficient Condition for Bayesian Implementation with Side Payments pp. 429-445 Downloads
Bong-Ju Kim
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