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Recent Publications

BOK Working Paper BOK Working Paper No.2025-18, The Earned Income Tax Credit and the Tax-benefit Link of Public Pensions Author: Dongmin Chun(Bank of Korea) Over the life cycle, the labor market participation induced by the Earned Income Tax Credit (EITC) during working age increases not only current earnings but also pension benefits after retirement through the tax-benefit link of public pensions. Furthermore, if ... 2025.09.30
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Economic Analysis [Vol.31 No.3] Effects of the BOK Governor’s Monetary Policy Communication on Financial Markets: A Sentiment Analysis Author: Gakjoon Yoo(Seoul National University), Dooyeon Cho(Sungkyunkwan University) Since the global financial crisis, there has been a surge in research examining the effects of central bank verbal communication on both the real economy and financial markets, driven by the adoption of unconventi... 2025.09.30
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Korea Economic Outlook In-Depth Analysis [May 2025 In-depth Analysis] Impact of Super-Aging on the Monetary Policy Environment: Implications for Korea [May 2025 In-depth Analysis] Impact of Super-Aging on the Monetary Policy Environment: Implications for Korea 2025.07.30
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BOK Working Paper BOK Working Paper No.2025-17, Dollar Dominance and International Spillovers of US Financial Shocks Author: Minkyu Son(Bank of Korea) This paper investigates how the global dominance of the US dollar amplifies the cross-border transmission of financial shocks originating in the United States. I develop a small open economy DSGE model that embeds the dollar’s central role in international trade an... 2025.09.15
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