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Housing and Macroprudential Policy in Korea : Insights from an Estimated DSGE Model

한국의 주택과 거시건전성 정책

목차

1 Introduction 1
2 Related Literature 4
3 Data 6
4 Model 7
4.1 Households 8
4.1.1 Patient households (savers) 8
4.1.2 Impatient households (borrowers) 10
4.2 Firms 12
4.2.1 Wholesale firms 12
4.2.2 Final goods firm, Price and wage rigidity 13
4.3 Monetary Policy 14
5 Results 14
5.1 Parameters 15
5.2 Impulse response 18
6 Welfare Analysis 20
7 Conclusion 23
Appendix 25

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