US monetary policy has greater impact, BoK modelling shows
Researchers say findings show importance of diversifying export markets and monitoring US conditions
A new global economic projection model used by South Korea’s central bank has shown US monetary policy has a substantially greater impact on the country’s economy than appeared to be the case under previous modelling.
The Bank of Korea (BoK) published the findings on July 11 in a research note. The note’s authors, Hyukjin Yoon and Seungryeol Jeong, say the update incorporates the latest academic research and takes account of “major shifts in the international economic environment”.
The authors say
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