명목 GDP 목표와 통화정책의 개선방향에 관한 연구 = A Study on Improvement of Monetary Policy based on Nominal GDP Target

다국어 초록 (Multilingual Abstract)

Due to uncertain financial environments these days, monetary autorities are criticized in various points. In one point, they claim that intermediate monetry targets such as monetary aggregates are weakly tied to policy goals. In this paper, we have examined the effectiveness of Monetary Policy based on Nominal GDP Target through simulation methods. The idea proposed in this paper is that monetary authorities can set up a nominal GDP target by moving average technique which helps monetary authorities cope with short-run and long-run economic movements such as business cycles. Though it shows good performance as an intermediate target, it also faces some critiques. For reliable conclusion, more studies are needed in both points, theory and estimation.

목차 (Table of Contents)

• 1.서론
• 2.중간목표의 요건
• 3.명목 GDP의 유용성 및 목표설정
• 4.문헌고찰
• 5.분석모형
• 1) 모형
• 2) 분석방법
• 6.분석결과
• 7.결론