Saturday, November 11, 2006
South Korea rocks! So does Jim Croce.
One at a time.
South Korea is the most convenient country to study for budding impatient macroeconometrians. It is open. Small(enough, not to significantly affect World prices, Unlike Japan). Rich in Data. Two of my friends are working on South Korea. One on a DSGE estimation for Monetary Policy purposes. South Korea started targetting inflation in the late nineties, and major macroeconomic trends observed a major structural break. It's should be interesting to study such breaks. The inflation jumped down significantly in one year. One of my advisors is South Korean. He was doing his undergrad eco. during that time and was telling me the great excitement that existed among them then.As regards data, there's a wealth of it. My friend wanted to work on real estate bubbles and the only country she could enough data was South Korea. Currently there's a South Korean wave in East Asia. They have the most popular Rock Bands, Movies and TV Serials, hairstyles..etc.
India sucks.No Data. No fixed monetary policy. Not their fault really for the second one. Too many problems to handle at once..in addition to poverty and unemployment.
Monertary policy: We changed from purely broad money supply control in 1998, to a mixed objective of exchange rate, inflation and money supply control. Although these days increasing use of change of short term interest rates is said to create some effect. Making it difficult for me to do a moderately accurate analysis of a DSGE model for India. Sad.
Jim Croce, what a voice. Perfect songs for the weather here...
One at a time.
South Korea is the most convenient country to study for budding impatient macroeconometrians. It is open. Small(enough, not to significantly affect World prices, Unlike Japan). Rich in Data. Two of my friends are working on South Korea. One on a DSGE estimation for Monetary Policy purposes. South Korea started targetting inflation in the late nineties, and major macroeconomic trends observed a major structural break. It's should be interesting to study such breaks. The inflation jumped down significantly in one year. One of my advisors is South Korean. He was doing his undergrad eco. during that time and was telling me the great excitement that existed among them then.As regards data, there's a wealth of it. My friend wanted to work on real estate bubbles and the only country she could enough data was South Korea. Currently there's a South Korean wave in East Asia. They have the most popular Rock Bands, Movies and TV Serials, hairstyles..etc.
India sucks.No Data. No fixed monetary policy. Not their fault really for the second one. Too many problems to handle at once..in addition to poverty and unemployment.
Monertary policy: We changed from purely broad money supply control in 1998, to a mixed objective of exchange rate, inflation and money supply control. Although these days increasing use of change of short term interest rates is said to create some effect. Making it difficult for me to do a moderately accurate analysis of a DSGE model for India. Sad.
Jim Croce, what a voice. Perfect songs for the weather here...
# posted by qq @ 9:27 PM 
