KIEP Staff Paper


  • Redefining Liquidity for Monetary Policy 

    Kim, Kyunghun; Lee, Il Houng; Shim, Won (Korea Institute for International Economic Policy, 2018-01-30)
    This paper proposes a monetary aggregate “Liquidity” that could serve as a useful indicator for gauging the appropriateness of monetary policy. If liquidity rises above a certain threshold, it is signaling that monetary policy is losing traction due ...
  • Applying Competition Policy to Optimize International Trade Rules 

    Hyo-young, Lee (Korea Institute for International Economic Policy, 2017-02-28)
    This paper delves into the relationship between trade and competition, which has long been a subject largely untouched since the issue had been dropped from the multilateral trade agenda in 2003. The need to incorporate elements of competition policy ...

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