• Title/Summary/Keyword: 변동성 분석

Search Result 3,174, Processing Time 0.03 seconds

Measures of Underlying Inflation and Evaluation of Inflation Targeting with Global Crisis in Korea (글로벌 금융위기와 물가안정목표제 평가: 근원인플레이션을 중심으로)

  • Park, Won-Am
    • KDI Journal of Economic Policy
    • /
    • v.32 no.3
    • /
    • pp.1-32
    • /
    • 2010
  • The global financial crisis has exerted enormous impacts on the attainment of inflation target in Korea. The annual average CPI inflation was 3.3% during the targeting period of 2007-2009 and the target was $3.0{\pm}0.5%$. Thus Korea has succeeded in keeping annual average CPI inflation just below the upper limit of the 2007-2009 target under the global crisis. This paper intends to evaluate the performance of the inflation targeting system in Korea. First, it estimates the conventional call rate reaction equation under the global crisis and finds that the policy interest rates never reacted to expected inflation, output gap, and won/dollar exchange rate, as expected by theory. Second, it identifies the shock of global financial crisis into core and non-core, applying the structural VAR model. The core shock was defined to have no (medium- to) long-run impact on real output. The core shock was identified to have the character of the demand shock, since it has the positive impact on the inflation and output in the short run. The structural core inflation due to core shock was an attractor of headline inflation, not vice versa. Therefore, the structural core inflation that reflects the demand-side shock would be the better intermediate target for the final headline inflation target than the official core inflation that excludes the volatile inflation of agricultural and oil-related products. During the inflation targeting period of 2007-2009, the structural core inflation was more volatile than the official core inflation, because the global crisis has very large negative impacts on the domestic demand as well as the prices of agricultural and oil-related products. This paper shows that the negative core shock during the fourth quarter of 2008 was larger than that in the financial crisis in 1998. But the core shock turned into positive very quickly in 2009, as the Korean economy recovered very quickly from crisis. The volatile changes in structural core inflation suggests that the Bank of Korea barely managed to attain the 2007-2009 inflation target, owing to the very large negative impacts of the global financial crisis on the domestic demand. It also suggests that the rapid rise in core inflation with the rapid recovery of the Korean economy will lead to rapid rise in headline inflation.

  • PDF

Studies on the Feeding Habits of Korean aucha perch, Coreoperca herzi in the Geum River, Korea (금강에 서식하는 꺽지(Coreoperca herzi)의 식성)

  • Byeon, Hwa-Keun
    • Korean Journal of Environment and Ecology
    • /
    • v.31 no.5
    • /
    • pp.472-478
    • /
    • 2017
  • The feeding habits of Coreoperca herzi were investigated from specimens collected in the Geum River, from March to December 2016. The specimens were separated into groups of 38~70 mm, 71~109 mm, and over 110 mm in total length. The live foods of C. herzi included Ephemeroptera, Odonata, Plecoptera, Coleoptera, Diptera, Trichoptera, and fishes. The Korean aucha perches fed mostly on aquatic insects which took up 98.8% of food regarding the number, 55.8% regarding the biomass, and 97.1% in terms of iregarding the index of relative importance. They were carnivorous in diet and predators (stalker) in food intake characteristics and forms when applying Keenleyside's classification. The main food sources of C. herzi were Ephemeroptera, Diptera, and Trichoptera while Odonata, Plecoptera, Coleoptera, and fishes were rare. A food migration was observed since less Ephemeroptera was found and more Trichoptera and fishes were found in the biomass of the feed consumed by larger species. The amount of Coleoptera and Diptera did not change much with the size of the species. The overall composition of live food was not seasonal. The result of the study indicates that, when restoring the streams to be the habitat for the natural population increase of Coreoperca herzi, the environment should be inhabitable to Ephemeroptera, Diptera, and Trichoptera which are the main foods.

An Analysis of PMF and Critical Duration for Design of Hydraulic Structure (수공구조물 설계를 위한 PMF 및 임계지속시간 분석)

  • Lee, Sang-Jin;Choi, Hyun;Shin, Hee-beom;Park, Sang-Kil
    • Journal of Korea Water Resources Association
    • /
    • v.37 no.9
    • /
    • pp.707-718
    • /
    • 2004
  • This study is to analyze the Probable Maximum Flood(PMF) as a part of counterplan for the disaster prevention of hydraulic structures such as dams, according to recent unfavorable weather conditions. During the period of typhoon RUSA in August 2002, the rainfall recorded in Gang-loeng Province was 880mm a day and exceeded the scale of PMP made in 2001. Accordingly, the reconsideration of hydrologic criteria for dam design was inevitable. In the design of dams for flood controls, the design flood must be determined by introducing the concept of maximum values. When the duration of design rainfall is determined, it needs to use the critical duration which causes the maximum flood by the maximum runoff. In this study, we Investigate the variation of critical duration with hydrologic parameters used in three different synthetic unit hydrographs(Clark, Nakayasu and SCS methods). As a result, the total runoff calculated from 24-hour duration is larger than that calculated from the critical duration. We calculate also the hydrographs with three different time distribution models(Huff's 4-quartile, IDF curve and Mononobe) and compare those with measured hydrograph data. From this comparison, we propose that the Huff's 4-quartile model must be used to obtain the desirable data in the hydrologic design of dams.

An Empirical Study on the Differential Ratio between Construction Cost for Land Development and Incurred Cost: Case of Housing Business District for Land Development in LH (택지조성원가와 발생원가의 오차에 관한 실증연구 : 택지개발사업지구를 중심으로)

  • Kim, Tae-Gyun;Chang, In-Seok;Lee, Duck-Bok;Kim, Ok-Yon
    • Land and Housing Review
    • /
    • v.3 no.1
    • /
    • pp.59-68
    • /
    • 2012
  • The current land development cost price system is classified as the creating land by construction price and composition changes that occur sporadically in the process of completion at the source of the factors by incurred cost price. Housing for land cost price system is a lack of objectivity which scheme of the such a gap due to the land in accordance construction and incurred cost price system so far. Therefore, in order to increase the objectivity of costing the costing of predictable surprises should be reflected in the process. Under such a background, this study defined the effective differential ratio as the predictable, estimated them for various characteristics of each business district to reflect. For this, set the properties category of five types to attributes and making the complex category and Look-up table. Which result of model validation is showed a high reliability. Therefore, Continuous accumulation of material in the future, when them to reflect the construction cost, will contribute to the bridge the gap the construction cost between incurred them.

Error Characteristics of Satellite-observed Sea Surface Temperatures in the Northeast Asian Sea (북동아시아 해역에서 인공위성 관측에 의한 해수면온도의 오차 특성)

  • Park, Kyung-Ae;Sakaida, Futoki;Kawamura, Hiroshi
    • Journal of the Korean earth science society
    • /
    • v.29 no.3
    • /
    • pp.280-289
    • /
    • 2008
  • An extensive set of both in-situ and satellite data regarding oceanic sea surface temperatures in Northeast Asian seas, collected over a 10-year period, was collocated and surveyed to assess the accuracy of satellite-observed sea surface temperatures (SST) and investigate the characteristics of satellite measured SST errors. This was done by subtracting insitu SST measurements from multi-channel SST (MCSST) measurements. 845 pieces of collocated data revealed that MCSST measurements had a root-mean-square error of about 0.89$^{\circ}C$ and a bias error of about 0.18$^{\circ}C$. The SST errors revealed a large latitudinal dependency with a range of $\pm3^{\circ}C$ around 40$^{\circ}N$, which was related to high spatial and temporal variability from smaller eddies, oceanic currents, and thermal fronts at higher latitudes. The MCSST measurements tended to be underestimated in winter and overestimated in summer when compared to in-situ measurements. This seasonal dependency was discovered from shipboard and moored buoy measurements, not satellite-tracked surface drifters, and revealed the existence of a strong vertical temperature gradient within a few meters of the upper ocean. This study emphasizes the need for an effort to consider and correct the significant skin-bulk SST difference which arises when calculating SST from satellite data.

Synoptic Climatological Characteristics of Autumn Droughts in Korea (한국의 추계한발의 종관기후학적 특성)

  • Yang, Jin-Suk
    • Journal of the Korean association of regional geographers
    • /
    • v.6 no.2
    • /
    • pp.57-69
    • /
    • 2000
  • The purpose of this study is to identify distributional characteristics of autumn droughts in occurrence frequency and to analyze synoptic characteristics on the surface pressure fields and 500hPa levels for autumn droughts in Korea. The regional distributions of autumn droughts in occurrence frequency vary according to the monthly regional distributions of the precipitation variabilities in Korea. In september, the southwestern and the mid western parts of Korean Peninsula have high rate of drought frequency, while the eastern coast regions have low rate of it. It means that the regional distribution of the drought frequency in september indicates west-high and east-low pattern. In October, the regional distribution of the drought frequency shows low variations on regions, but in November the inland areas have low rate of drought frequency, whereas the coastal areas have high rate of it. Negative anomalies appear on the surface and 500hPa level, around Korean Peninsula during the drought period of early autumn. Positive height anomalies areas are extended from the Sea of Okhotsk to the central part of the North Pacific Ocean. It indicates that the occurrence frequencies of blocking high and ridge are high around the Sea of Okhotsk. When the pressure system, such as migratory anticyclone, stays around the Korean Peninsula, a drought occurs. In late autumn drought, the positive anomalies appear in the west and the negative anomalies in the east are generated, respectively and therefore, zonal wind is strong around Korean Peninsula. In consequence, occurrences of droughts in early autumn have a different mechanism from those of late autumn.

  • PDF

Quantitative Deterioration Assessment and Microclimatic Analysis of the Gyeongju Seokbinggo (Ice-storing Stone Warehouse), Korea (경주석빙고의 정량적 훼손도 평가와 미기후환경 분석)

  • Kim, Ji-Young;Lee, Chan-Hee;Lee, Myeong-Seong
    • Journal of Conservation Science
    • /
    • v.25 no.1
    • /
    • pp.25-38
    • /
    • 2009
  • The Gyeongju Seokbinggo (Treasure No. 66) is an ice-storing stone warehouse, consisting mainly of alkaligranite which shows milky white color and medium-grained textures with drusy cavities. As results of deterioration assessment, the deterioration rates were determined as crack (12.5%), disjoining (6.7%), breaking-out (25.1%), exfoliation (20.9%), efflorescence (6.5%), brown discoloration (9.8%), darkgray discoloration (2.0%) and biological discoloration (36.5%). Comprehensive physical deterioration rate and discoloration rate were calculated as 43.7% and 68.7%, respectively, that indicates the Seokbinggo has been severely weathered. Indoor relative humidity was above 90% except in winter season. Indoor microclimate was hardly fluctuating although indoor microclimate was dependent on the outdoor climate. The main cause of deterioration was high relative humidity and a long time of wetness due to penetration of rain, underground water and condensation. It was identified that the water brought out biological discoloration, dissolution of minerals, structural movement and efflorescence, and the dust from the ground soil in front of the entrance accelerated brown and dark gray discoloration on the stone surface.

  • PDF

A Study on Developing the Model of Reasonable Cost Calculation for Privacy Impact Assessment of Personal Information Processing System in Public Sector (공공기관 개인정보 처리시스템의 개인정보 영향평가를 수행하기 위한 합리적인 대가 산정 모델 개발에 관한 연구)

  • Shin, Young-Jin
    • Informatization Policy
    • /
    • v.22 no.1
    • /
    • pp.47-72
    • /
    • 2015
  • According to the progress of national informatization throughout the world, infringement and threaten of privacy are happening in a variety of fields, so government is providing information security policy. In particular, South Korea has enhanced personal impact assessment based on the law of personal information protection law(2011). But it is not enough to effect the necessary cost calculation standards and changeable factors to effect PIA. That is, the budgets for PIA was calculated lower than the basic budget suggested by Ministry of Government Administration Home affairs(2011). Therefore, this study reviewed the cost calculation basis based on the literature review, cost basis of similar systems, and reports of PIA and obtained to the standard with Delphi analysis. As a result, the standards of PIA is consisted to the primary labors and is utilized to how the weights by division of target system, construction and operating costs of target system, type of target systems, etc. Thus, the results of this study tried to contribute to ensure the reliability of PIA as well as the transparency of the budget for privacy in public sector.

Effect of Seeding Dates on Ecological Response, Yield Potential and Feed Value in Jeju Italian Millet (제주조의 파종기에 따른 생태반응, 수량성 및 사료가치 변화)

  • Cho, Nam-Ki;Ko, Dong-Hwan
    • Journal of The Korean Society of Grassland and Forage Science
    • /
    • v.23 no.4
    • /
    • pp.265-270
    • /
    • 2003
  • This study was conducted to determine the influence of seeding date on growth, characteristic yield and chemical composition of Italian millet (Setaria italica) from April 20 to May 30, 2003(April 20, May 1, May 20 and May 30) in Jeju. A local variety was seeded on days to heading were lessened as seeding date was delayed. The plant height was longest when seeded on 1 May(131cm) than at the other seeding dates. Stem diameter, number of leaves, leaf length and leaf width had the similar trend with plant height. SPDA reading values were greater at earlier seedings. Fresh forage yield was greatest (43.28MT/ha) at 1 May seeding and decreased gradually before or after this seeding date. Dry matter yield, crude protein yield and total digestible nutrient (TDN) yield had nearly the same tendency with fresh forage yield. Crude protein, crude fat, NFE and TDN contents were greatest at 30 May seeding and then decreased earlier seedings. Crude ash and crude fiber content tended to decreased as seeding was delayed. Based on the these findings, optimum seeding date for forage production of Italian millet seems to be early May in Jeju island.

Development of an Edge-based Point Correlation Algorithm Avoiding Full Point Search in Visual Inspection System (전탐색 회피에 의한 고속 에지기반 점 상관 알고리즘의 개발)

  • Kang, Dong-Joong;Kim, Mun-Jo;Kim, Min-Sung;Lee, Eung-Joo
    • The KIPS Transactions:PartB
    • /
    • v.11B no.3
    • /
    • pp.327-336
    • /
    • 2004
  • For visual inspection system in real industrial environment, it is one of most important tasks to design fast and stable pattern matching algorithm. This paper presents an edge-based point correlation algorithm avoiding full search in visual inspection system. Conventional algorithms based on NGC(normalized gray-level correlation) have to overcome some difficulties for applying to automated inspection system in factory environment. First of all, NGC algorithms need high time complexity and thus high performance hardware to satisfy real-time process. In addition, lighting condition in realistic factory environments if not stable and therefore intensity variation from uncontrolled lights gives many roubles for applying directly NGC as pattern matching algorithm in this paper, we propose an algorithm to solve these problems from using thinned and binarized edge data and skipping full point search with edge-map analysis. A point correlation algorithm with the thinned edges is introduced with image pyramid technique to reduce the time complexity. Matching edges instead of using original gray-level pixel data overcomes NGC problems and pyramid of edges also provides fast and stable processing. All proposed methods are preyed from experiments using real images.