• Title/Summary/Keyword: Korean nominal banks

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Korean Nominal Bank, Using Language Resources of Sejong Project (세종계획 언어자원 기반 한국어 명사은행)

  • Kim, Dong-Sung
    • Language and Information
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    • v.17 no.2
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    • pp.67-91
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    • 2013
  • This paper describes Korean Nominal Bank, a project that provides argument structure for instances of the predicative nouns in the Sejong parsed Corpus. We use the language resources of the Sejong project, so that the same set of data is annotated with more and more levels of annotation, since a new type of a language resource building project could bring new information of separate and isolated processing. We have based on the annotation scheme based on the Sejong electronic dictionary, semantically tagged corpus, and syntactically analyzed corpus. Our work also involves the deep linguistic knowledge of syntaxsemantic interface in general. We consider the semantic theories including the Frame Semantics of Fillmore (1976), argument structure of Grimshaw (1990) and argument alternation of Levin (1993), and Levin and Rappaport Hovav (2005). Various syntactic theories should be needed in explaining various sentence types, including empty categories, raising, left (or right dislocation). We also need an explanation on the idiosyncratic lexical feature, such as collocation and etc.

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An Analysis of Factors Affecting the Variation of GDP Gap by a Decomposition Method (GDP갭 분해기법을 이용한 변동요인 분석)

  • Chang, Youngjae
    • The Korean Journal of Applied Statistics
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    • v.27 no.3
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    • pp.387-396
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    • 2014
  • The GDP gap (also called the output gap) is the difference between potential GDP and actual GDP. Potential GDP is the maximum sustainable output that is achieved when the resources (labor and capital) are used to capacity. Central banks pursuing price and employment stability consider the output gap as an informative variable for monetary policy since the output gap could be regarded as a proxy of demand-supply imbalances. In this paper, the GDP gap of Korea is decomposed following the filtering method in the previous research, and major factors that affect the variation of GDP gap are investigated based on the decomposed series. The analysis results by the Super Smoother algorithm used in Fox et al. (2003)and Fox and Zurlinden (2006) are found consistent with theory. Much of the variation of nominal GDP gap is explained by Total Factor Productivity(TFP) gap, which is the change of productivity due to recent technological innovation and environmental change. It is also found that variation of terms of trade significantly affects the GDP gap of Korea due to its high dependency on international trade; however, the effect of the domestic price is not negligible like other countries.