KIEP Opinions

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  Machine Learning in Macroeconomics: Forecasting in the Presence of Instabilities 

  Baek, Yaein (Korea Development Institute, 2022-02-07)

  In the presence of instabilities in economics, such as the global financial crisis in 2008 and the recent COVID-19 pandemic, we face challenges in forecasting macroeconomic and financial variables. Predictors that have been useful in normal times would be different from those at the time of crisis, which implies that the performance of traditional forecasting methods is likely to fail. Recently ...

  In the presence of instabilities in economics, such as the global financial crisis in 2008 and the recent COVID-19 pandemic, we face challenges in forecasting macroeconomic and financial variables. Predictors that have been useful in normal times would ...
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  Unborn Tomorrow: Pandemic and Its Impact on the Next Generation 

  Han, Seoni (Korea Development Institute, 2022-02-03)

  We are in the fourth wave of the COVID-19 pandemic. For two years since its outbreak, the virus has been unhurriedly and untiringly spreading with the number of cases, hospitalizations, and deaths still soaring to staggering heights. Nearly 300 million have been infected and more than 5 million lost worldwide as of the end of 2021, and the number continues to increase. Societies have taken containment ...

  We are in the fourth wave of the COVID-19 pandemic. For two years since its outbreak, the virus has been unhurriedly and untiringly spreading with the number of cases, hospitalizations, and deaths still soaring to staggering heights. Nearly 300 million ...
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  New International Tax System and Global Investment 

  Yea, Sangjun (Korea Institute for International Economic Policy, 2022-01-19)

  The OECD/G20 Inclusive Framework drives reforms of the international tax system to address tax avoidance issues of multinational enterprises (MNEs) arising in digital economies. Based on the mutual agreement reached in October 2021 by 137 member countries in the Inclusive Framework, two grand schemes will be implemented via the corporate income tax systems of each country by 2023. This will entail ...

  The OECD/G20 Inclusive Framework drives reforms of the international tax system to address tax avoidance issues of multinational enterprises (MNEs) arising in digital economies. Based on the mutual agreement reached in October 2021 by 137 member countries ...
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  Evaluating the Second Half of the Kim Jong-Un Era: Evidence from Nighttime Light 

  Kim, Dawool (Korea Institute for International Economic Policy, 2022-01-03)

  Satellite data can sometimes provide valuable information on countries that lack the statistical ability or willingness to disclose information to the outer world. North Korea is one such country, and the satellite-produced nighttime light data allows us to infer growth engines of the North Korean economy and the impact of recent external shocks. The North Korean economy in Kim Jong-Un’s era can ...

  Satellite data can sometimes provide valuable information on countries that lack the statistical ability or willingness to disclose information to the outer world. North Korea is one such country, and the satellite-produced nighttime light data allows ...

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