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Recent Publications

BOK Working Paper BOK Working Paper No.2024-6, Central Bank Digital Currency, Real Effect and Welfare Title : Central Bank Digital Currency, Real Effect and Welfare Author : Seonghoon Cho(Yonsei University) This article complements a standard New Keynesian dynamic stochastic general equilibrium (DSGE) model with central bank digital currency (CBDC) in which private banks issue two types of deposi... 2024.05.20
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Economic Analysis [Vol.30 No.1] Housing Policy Uncertainty in Korea and Its Effects on Housing Markets Author: Sojung Hwang(Inha University), Hyunduk Suh(Inha University) We estimate housing policy uncertainty (HPU) in Korea, employing the economic policy uncertainty (EPU) method by Baker et al. (2016). The uncertainty index is measured by the frequency of texts in Korean newspapers that imply hous... 2024.03.31
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Korea Economic Outlook In-Depth Analysis [May 2023 In-Depth Analysis] Assessment and Outlook on Labor Supply Trends In Korea_Labor Force Participation of the Elderly Population [May 2023 In-Depth Analysis]  Assessment and Outlook on Labor Supply Trends In Korea_Labor Force Participation of the Elderly Population 2024.06.22
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BOK Working Paper BOK Working Paper No.2024-5, The Long-Term Effect of Unemployment Experience on Household Consumption Title : The Long-Term Effect of Unemployment Experience on Household Consumption Author : Young Jun Choi(Micro & Institutional Economic Studies Team) Since the 1997 currency crisis, South Korea's macro household consumption growth has significantly slowed, unable to recover its previous trend... 2024.04.30
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