On November 8th, 2022, the lecture "U.S. Monetary Policy and the Economy of China and Korea" of the High-End Symposium on Northeast Asia International and Regional Studies was successfully held at Jilin University. The lecture was jointly organized by the Northeast Asian Research Center of Jilin University, the Northeast Asian Studies College of Jilin University, the Institute of North and South Korean Studies of Jilin University, and the Special Committee for Northeast Asian Regional Studies, Academic Association for International Cultural Exchange. The College of Northeast Asian Studies invited Professor Kim Jinill, a researcher at the Seoul Institute in Korea, to deliver the lecture, which was hosted by Professor Xuan Chunji of the Northeast Asian Studies College of Jilin University. At the beginning of the lecture, Professor Xuan Chunji, on behalf of Prof. Wu Hao, Dean of the Northeast Asian Studies College of Jilin University, extended a warm welcome and high appreciation to Professor Kim Jinill.
Prof. Kim is currently at the Department of Economics, Korea University, and received his Ph.D. in Economics from Yale University. Before joining Korea University, he worked as a senior economist at the U.S. Federal Reserve Board. He has published several papers in top journals such as International Economic Review, Journal of Monetary Economics, and Journal of International Economics and Economic Policy. His main research areas are monetary economics and macroeconomics.
Prof. Kim started the lecture by directly pointing out that the economies of China and South Korea are under strong downward pressure, but the economic situation is relatively good compared to other countries. Then, he noted a phenomenon that is contrary to tradition: The economic depression is accompanied by a low unemployment rate, and this phenomenon needs to be explained and studied.
In his lecture, Prof. Kim focused on the analysis and revision of forecasts for the world economy, the economies of China, the United States and Korea. He also analyzed the changing responsibilities of central banks in the new era, such as the need to intervene in income redistribution issues. Prof. Kim contributed an insightful lecture by incorporating the impact of U.S. monetary policy on the Chinese and Korean economies into every part of the lecture.
During the question and answer session, students who attended the lecture both online and in person raised questions and Professor Kim answered them with great care and enthusiasm. At the end of the lecture, Prof. Xuan expressed her gratitude to Prof. Kim and hoped that he could come to the Northeast Asian Studies College of Jilin University to give a lecture in the future.
