• 제목/요약/키워드: Price stability target

검색결과 9건 처리시간 0.023초

日本の量的·質的金融緩和(QQE)の効果について (Study on the Effect of Quantitative and Qualitative Easing(QQE) in Japan)

  • Yeom, Dongho
    • 분석과 대안
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    • 제2권2호
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    • pp.143-162
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    • 2018
  • This paper focuses on the policy framework about "Quantitative and Qualitative Easing (QQE)" of Japan, and analyzes reasons why the policy goal was not reached. The QQE was introduced by the Bank of Japan in 2013 with the purpose of meeting the price stability target of 2% and getting out of deflation that prevents sustained price decline. However, despite the implementation of the bold monetary easing policy unprecedented in the world, the policy goal was not achieved as of June 2018. As a result of analyzing the causes, the following three structural factors were confirmed. 1) The rise in prices by QQE was limited because Japan's consumer price is strongly depending on import price. 2) The effect is high degree of uncertainty and limited because theoretical framework of reflationist which adopted QQE depends on "expectation formation" by "self-fulfilling expectation" and "multiple equilibria". 3) It was confirmed that the expansion of the monetary base did not lead to money stock due to the existence of Japanese liquidity trap, long-term low interest rate policy.

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비트코인 수익률 분석에 관한 연구 (A Study on Bitcoin Yield Analysis)

  • 조상섭;채동우;이중만
    • Journal of Information Technology Applications and Management
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    • 제29권2호
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    • pp.17-25
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    • 2022
  • Although the two types of currencies compete, the possibility of a virtual currency price bubble is diagnosed by assuming an economic model with currencies (won, virtual currency) that are intrinsically worthless. The won is supplied by the central bank to achieve the price stability target, while the supply of virtual currency increases by a fixed number. According to the basic price theory equation, as a simple proposition, cryptocurrency prices form a Martin Gale process [Schilling and Uhlig, 2019, p.20]. Based on the existing theoretical proposition, we applied the variance ratio verification method [Linton and Smetanina, 2016] and a simple technical chart method for empirical analysis. For the purpose of this study, the possibility of a bubble was empirically analyzed by analyzing the price volatility formed in the Korean virtual currency market over the past year, and brief policy implications for this were presented.

Feasibility of Indium Tin Oxide (ITO) Swarf Particles to Transparent Conductive Oxide (TCO)

  • Hong, Sung-Jei;Yang, DuckJoo;Cha, Seung Jae;Lee, Jae-Yong;Han, Jeong-In
    • Current Photovoltaic Research
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    • 제3권2호
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    • pp.50-53
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    • 2015
  • Indium (In) is widely used for transparent electrodes of photovoltaics as a form of indium tin oxide (ITO) due to its superior characteristics of environmental stability, relatively low electrical resistivity and high transparency to visible light. However, In has been worn off in proportion to growth the In related market, and it leads to raise of price. Although In is obtained from ITO target scarps, much harmful elements are used for the recycling process. To decrease of harmful elements, ITO swarf particles obtained from target scraps was characterized whether it is feasible to transparent conductive oxide (TCO). The ITO swarf was crushed with milling process, and it was mixed with new ITO nanoparticles. The mixed particles were well dispersed into ink solvent to make-up an ink, and it was well coated onto glass substrate. After heat-treatment at $400^{\circ}C$ under $N_2$ rich environments, optical transmittance at 550 nm and sheet resistance of the ITO ink coated layer was 71.6% and $524.67{\Omega}/{\square}$, respectively. Therefore, it was concluded that the ITO swarf was feasible to TCO of touch screen panel.

2단계 k-평균 군집화를 활용한 한류컨텐츠 기업 주가 예측 연구 (A Study On Predicting Stock Prices Of Hallyu Content Companies Using Two-Stage k-Means Clustering)

  • 김정우
    • 한국융합학회논문지
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    • 제12권7호
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    • pp.169-179
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    • 2021
  • 본 연구는 기존의 k-평균 군집화를 활용한 2단계 k-평균 군집화 방법을 사용하여 한류콘텐츠 기업들의 주식가격을 예측함으로써 본 기법이 예측성능을 개선할 수 있음을 보이고자 하였다. 이를 위하여 본 연구는 2단계 k-평균 군집화의 알고리즘을 소개하고, 다양한 머신러닝 기법들과의 예측값 비교를 통하여 본 기법의 예측성능을 검증하였다. 본 기법은 기존의 k-평균 군집화로부터 얻어진 군집들 중에서 예측 대상에 근접한 군집을 추출하고 이 군집에 k-평군 군집화 방법을 다시 적용하여 실제 값에 보다 근접한 군집을 탐색하는 방식이다. 본 기법을 한류콘텐츠 기업들의 주가 시계열 자료에 적용한 결과, 다른 머신러닝 기법의 예측값들보다 실제 주식가격에 근접한 예측값을 나타내어, 기존의 k-평균 군집화 방법보다 개선된 예측성능을 보였다. 또한, 본 기법은 상대적으로 적은 크기의 군집을 사용함에도 불구하고 비교적 안정적인 예측값을 나타내었다. 이에 따라, 2단계 k-평균 군집화 기법은 예측의 정확성과 안정성을 동시에 개선할 수 있으며, 소규모 자료에도 유용할 수 있는 새로운 군집화 방식을 제시했다고 볼 수 있다. 향후에는 본 기법을 발전시켜 대규모 자료에도 적용하는 방안을 검토하는 연구가 요구된다.

시니어 세대를 위한 프리미엄 데님 디자인 개발 - 하이브리드 얀 커버링 복합사 직물을 활용하여 - (Development of Premium Denim Design for the Senior Generation - Hybrid Yarn Using Conjugated Dyeing -)

  • 정삼호
    • 한국의상디자인학회지
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    • 제13권1호
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    • pp.47-57
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    • 2011
  • As the development of denim products using new differentiated materials plays an important role regardless of their target age groups, there is an increasing need for the development of premium denim designs for senior women using various materials. As part of the strategy to develop such a design for the senior generation, a market survey was performed regarding commercially available premium denim products in the market, and the current trends in the denim market were researched and analyzed to make use of the results in design development. In addition, a differentiated material, hybrid yarn using conjugated dyeing (HYCD) was applied to use several washing techniques capable of highlighting the unique features of denim clothing. The design of four items including a jacket, vest, capri pants and long pants were suggested. These items were differentiated from other products by emphasizing their details such as stitching and pockets. In light of the current consumer trend to select denim jeans on the basis of their fashion-ability (e.g., silhouette or color) rather than practicality or price, it is considered meaningful to develop high value added, premium jean products for the senior generation using diverse materials and details. At the same time, performing further studies designed to demonstrate the stability and reliability of the developed products through consumers' comparative assessment is required.

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한국 의류산업의 대미(對美) 수출 현황과 소싱 특성 (Export to the USA and Sourcing of Korean Apparel Industry)

  • 백영하;박재옥
    • 한국의류학회지
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    • 제32권3호
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    • pp.462-473
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    • 2008
  • In recent years, Korea's apparel exports to the USA have faced a great threat, as the trade environment around the world has changed continually. The purpose of this study is to analyze the competitive position of Korean apparel exports to the USA, and to enhance export competitiveness by applying to offshore sourcing. The trade data of the Office of Textiles and Apparel(OTEXA) in the U.S. Department of Commerce were selected for inquiry about export competitiveness of apparel products made in Korea. In addition, we targeted members of the Korea Apparel Industry Association among the 500 exporters of clothing items in "The Import and Export Textile Product 2003." A total 70 sheets were analyzed. The results of this study were as follows: 1) Korean apparel exports to USA have decreased by 20-35 percent per year since 2005 under the Free Trade Area, showing that Korean apparel industries have not adapted to the new trade environment. Although Korean apparel exports to USA have indicated a trade surplus from now on, Korean apparel industries should find new ways to overcome this situation, diminishing exports and increasing imports. 2) Korean apparel companies selected more offshore sourcing than domestic sourcing. Also, as Korean apparel companies manufactured apparel products offshore, foreign subcontracting outranked manufacturing in their own foreign plants. When they chose foreign countries to source, they turned mainly to China and Vietnam. Also, they considered the target country's manufacturing price, labor stability, apparel products, quality, lead time, and so on. In order to increase apparel exports, Korean apparel industries should focus more on developing competitively new apparel products, improving the ability of sourcing management, and establishing on-the-spot agencies.

한국 패션 기업의 해외 시장 진입에 영향을 주는 요인에 관한 연구 (Influential Factors of Foreign Market Entry of Korean Fashion Firms)

  • 조윤진;이유리
    • 한국의류학회지
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    • 제30권12호
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    • pp.1768-1777
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    • 2006
  • 세계화의 영향으로 한국 패션 기업들은 생산기지를 해외로 이전하고 있다. 해외 시장 진입 방식은 자원상의 제한과 초기 선택 변경의 어려움을 특징으로 한다. 따라서 해외 시장 진입에 작용하는 다양한 요인들을 분석하는 것은 해외 시장에서의 성공과 직결된다. 본 연구는 해외 진출 이론의 하나인 Dunning의 OLI 패러다임(절충주의) 이론을 패션 산업에 적용해, 패션 기업들의 해외 진입방식에 영향을 주는 요인들을 분석하였다. 자료 수집은 2005년 11월 25일부터 12월 25일까지 이루어졌다. 해외 진출을 한 622개의 업체에 설문을 요청하여 총 67개의 설문이 회수되었으며 회수율은 10.7%였다. 이 중, 61개의 설문이 분석에 이용되었다. SPSS 12.0K를 이용해 기술분석, 요인분석, t-test,판별분석을 수행하였다 연구 결과는 다음과 같다. 첫째, 진출 동기의 경우 가격경쟁력을 1순위로 답한 업체가 60%에 달하였다. 진출 지역별 특성을 살펴보면, 선진국으로는 수출을 선택하고 있었고, 동남아시아의 경우 합작투자와 단독투자를 선택하고 있었다. 둘째, 패션 산업의 해외 진입방식에 영향을 주는 요인을 분석하기 위해 Dunning의 OLI 패러다임을 적용하였다. 소유 우위는 회사의 능력과 다국적 경험요인, 입지우위는 시장잠재력요인과 투자 안정도요인, 내부화 우위는 계약 안정도 요인으로 나타났다. 또한 추출된 요인들이 해외진입방식을 얼마나 잘 예측해주는지를 알아보기 위해 판별분석을 한 결과 시장잠재력과 투자안정도가 유의한 예측 요인으로 드러났다. 본 연구는 한국 패션 기업 중 해외 진출을 시도한 기업만을 대상으로 하였기 때문에 일반기업 표본보다 데이터 수집에 더 어려움을 겪었으며 따라서 표본이 61개라는 한계를 가진다. 하지만 표본의 한계에도 불구하고, 의류학 영역에서 잘 시도하지 않았던 해외직접투자 이론을 검토하여, 경험적 연구까지 시도하였으며 이를 통해 유의미한 결론을 내릴 수 있었다.

신경망기법을 활용한 선박 가치평가 모델 개발 (Development of Ship Valuation Model by Neural Network)

  • 김동균;최정석
    • 해양환경안전학회지
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    • 제27권1호
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    • pp.13-21
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    • 2021
  • 본 연구의 목적은 Neural Network Regression 모델을 활용하여 선박의 가치평가 모델을 개발하는 것이다. 가치평가의 대상은 중고 VLCC선이며, 선행연구를 통해 선박의 가치 변화를 유발하는 주요 요인들을 선별하여 변수를 설정하고, 2000년 1월부터 2020년 8월까지의 해당 데이터를 확보하였다. 변수의 안정성을 판단하기 위해 다중 공선성 검사를 수행하여 최종적으로 6개의 독립변수와 1개의 종속변수를 선정하고 연구 구조를 설계하였다. 이를 바탕으로 Linear Regression, Neural Network Regression, Random Forest Algorithm을 활용하여 총 9개의 시뮬레이션 모델을 설계하였다. 또한 각 모델간의 비교검증을 통해 평가결과의 정확성을 제고시켰다. 평가 결과, VLCC실제값과의 비교를 통해 2층으로 구성된 Hidden Layer의 Neural Network Regression 모델이 가장 정확도가 높은 것으로 나타났다. 본 연구의 시사점은 첫째, 기존 정형화된 평가기법에서 벗어나 기계학습기반 모델을 선박가치평가에 적용하였다는 점이다. 둘째, 해운시장 변화요인을 동태적 관점에서 분석하고 예측함으로써 연구결과의 객관성을 제고시켰다고 할 수 있다.

Mid- to Long-term Food Policy Direction

  • Bo-ram Kim
    • 한국작물학회:학술대회논문집
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    • 한국작물학회 2022년도 추계학술대회
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    • pp.6-6
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    • 2022
  • Prolonged Russia-Ukraine war, and unstable situation of supply and demand of global crops including the COVID-19 pandemic have raised awareness regarding food crisis, and in addition to this situation, export restriction measures imposed by some countries have accelerated the rise in the prices. Since the Republic of Korea depends annual crop consumption (21.32 million tons) mostly on the imports (food self-sufficiency rate in 2020 was 45.8%, crop self-sufficiency rate was 20.2%), our main task is to stably secure food. Now we need to put focus on building capacity to secure stable food supply, and actively manage and respond to risks. To overcome this condition, the Korean government set robust food sovereignty as its policy task, and has been focusing on the policy capacity by providing financial and policy support in parallel. We need to implement mid- to long-term measures to strengthen food security as well as to ensure domestic price stability. While increasing the domestic capacity to supply food in the mid- to long-term perspective, we are implementing projects to bring in crops which are inevitable to be imported by private companies. Specifically, we are making efforts to expand infrastructure for the public reserve and domestic production of wheat and beans which have low self-sufficiency rate, and to secure food sovereignty by providing support to secure global crop supply chain to private companies. The Ministry of Agriculture, Food and Rural Affairs plans to set a target for food self-sufficiency rate and prepare a policy to strengthen mid- to long-term food security by establishing a task force to strengthen mid- to long-term food security in the Ministry. Especially, although wheat is the second staple food, domestic wheat production and the foundation for the industry is poor. Compared to the wheat imports, domestic production of wheat is 30 thousand tons (self-sufficiency rate of 1%), leading to a vulnerable status against internal and external shocks. Through the establishment of the Wheat Industry Promotion Act (Feb. 2020) and the First Master Plan for Wheat Industry Promotion (Nov. 2020), the Korean government has developed a policy basis, and has been providing financial support in overall across the production, distribution and consumption process. In addition, the government established a production complex for Korean wheat and beans in order to supply affordable government-supplied commodities, provide education and consulting services, and create a high-quality stable production system, including facilities and equipment. We are also continuing to increase the public reserve for wheat and beans with the purpose of stable supply and demand as well as food security. The Korean government will establish and implement mid- to long-term measures to strengthen the foundation for domestic production across production, distribution and consumption process, and to stably secure global supply chain including through diversified import channels.

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