View Item 
      •   Home
      • 1. Schools
      • College of Humanities, Arts & Social Sciences
      • School of Humanities and Social Sciences (HSS) (Pre - September 2018)
      • HSS Student Reports (FYP/IA/PA/PI)
      • View Item
      •   Home
      • 1. Schools
      • College of Humanities, Arts & Social Sciences
      • School of Humanities and Social Sciences (HSS) (Pre - September 2018)
      • HSS Student Reports (FYP/IA/PA/PI)
      • View Item
      JavaScript is disabled for your browser. Some features of this site may not work without it.
      Subject Lookup

      Browse

      All of DR-NTUCommunities & CollectionsTitlesAuthorsBy DateSubjectsThis CollectionTitlesAuthorsBy DateSubjects

      My Account

      Login

      Statistics

      Most Popular ItemsStatistics by Country/RegionMost Popular Authors

      About DR-NTU

      The role of credit market friction in trade-dependent small open economy : examination of South Korea business fluctuations with DSGE approach

      Thumbnail
      HE4099_FYP-13-2016.pdf (2.046Mb)
      Author
      Chen, Shuai
      Liu, Qinyu
      Goh, Qinghao
      Date of Issue
      2017
      School
      School of Humanities and Social Sciences
      Abstract
      Recent literature suggests that credit market friction has a significant impact on the sources of the United States and Canadian business cycle. Our paper incorporates credit market friction and revised capital price in a small open economy DSGE model, and introduces a new entrepreneur’s equity shock. We examine the impact of credit market friction on macroeconomic environment in South Korea through decomposition of shocks and impulse responses analysis. We demonstrate improved robustness and identify foreign interest rate shock and import-cost push shock with more severe effect on macroeconomic fluctuations. Our findings suggest that a small open economy is more vulnerable to external shocks when credit market friction is considered.
      Subject
      DRNTU::Social sciences::Economic theory::Macroeconomics
      Type
      Final Year Project (FYP)
      Rights
      Nanyang Technological University
      Collections
      • HSS Student Reports (FYP/IA/PA/PI)

      Show full item record


      NTU Library, Nanyang Avenue, Singapore 639798 © 2011 Nanyang Technological University. All rights reserved.
      DSpace software copyright © 2002-2015  DuraSpace
      Contact Us | Send Feedback
      Share |    
      Theme by 
      Atmire NV
       

       


      NTU Library, Nanyang Avenue, Singapore 639798 © 2011 Nanyang Technological University. All rights reserved.
      DSpace software copyright © 2002-2015  DuraSpace
      Contact Us | Send Feedback
      Share |    
      Theme by 
      Atmire NV
       

       

      DCSIMG