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econ.GN2025
Are the Bank of Korea's Inflation Forecasts Biased Toward the Target?
Eunkyu Seong, Seojeong Lee
The Bank of Korea (BoK) regularly publishes the Economic Outlook, offering forecasts for key macroeconomic variables such as GDP growth, inflation, and unemployment rates. This stu…
econ.EM2025
Convergence Rates of GMM Estimators with Nonsmooth Moments under Misspecification
Byunghoon Kang, Seojeong Lee, Juha Song
The asymptotic behavior of GMM estimators depends critically on whether the underlying moment condition model is correctly specified. Hong and Li (2023, Econometric Theory) showed…