{"id":8499,"date":"2026-01-19T16:33:04","date_gmt":"2026-01-19T08:33:04","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8499"},"modified":"2026-01-19T16:34:39","modified_gmt":"2026-01-19T08:34:39","slug":"%e9%b2%8d%e5%a8%81%e5%b0%94%e5%8e%bb%e7%95%99%e6%82%ac%e5%bf%b5%e8%83%8c%e5%90%8e-%e7%be%8e%e8%81%94%e5%82%a8%e7%8b%ac%e7%ab%8b%e6%80%a7%e4%b8%8e%e6%94%bf%e6%b2%bb%e6%8e%a7%e5%88%b6","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ko\/\uc544\uce74\uc774\ube0c\/8499","title":{"rendered":"\ud30c\uc6d4 \uc758\uc7a5 \uc0ac\uc784\uc5d0 \ub300\ud55c \uae34\uc7a5\uac10 \uc774\uba74\uc5d0\ub294 \uc5f0\uc900 \ub3c5\ub9bd\uacfc \uc815\uce58\uc801 \ud1b5\uc81c \uc0ac\uc774\uc758 \uc740\ubc00\ud55c \uacf5\ubc29\uc774 \uae54\ub824 \uc788\ub2e4."},"content":{"rendered":"

Wmax\ub294 \uc5f0\uc900\uc758 \uac70\ubc84\ub10c\uc2a4 \uad6c\uc870, \uc815\ucc45 \uc758\uc0ac\uacb0\uc815 \ub17c\ub9ac, \ubbf8\uad6d \uc815\uce58 \uac8c\uc784\uc758 \ub9e5\ub77d\uc5d0 \ub300\ud55c \uc2ec\uce35\uc801\uc778 \uc5f0\uad6c\uc640 \ud310\ub2e8\uc744 \ubc14\ud0d5\uc73c\ub85c \ud30c\uc6d4 \uc5f0\uc900 \uc758\uc7a5\uc758 \uc0ac\uc784\uc744 \ub458\ub7ec\uc2fc \ub17c\ub780\uc774 \ubcf8\uc9c8\uc801\uc73c\ub85c \uc5f0\uc900\uc758 \uc815\ucc45 \ub3c5\ub9bd\uc131\uacfc \ud2b8\ub7fc\ud504 \ud589\uc815\ubd80\uc758 \ud1b5\uc81c \uc0ac\uc774\uc758 \ud575\uc2ec \uacbd\uc7c1\uc774\ub77c\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \ud30c\uc6d4 \uc758\uc7a5\uc758 \ucd5c\uc885 \uc120\ud0dd\uc740 \uc5f0\uc900\uc758 \ud5a5\ud6c4 \uc815\ucc45 \ubc29\ud5a5\uc744 \uc9c1\uc811\uc801\uc73c\ub85c \uc7ac\ud3b8\ud558\uac8c \ub420 \uac83\uc774\uba70, \uae00\ub85c\ubc8c \uae08\uc735\uc2dc\uc7a5\uc758 \uc548\uc815\uc801\uc778 \uc6b4\uc601\uc5d0 \uc2ec\ub300\ud55c \uc601\ud5a5\uc744 \ubbf8\uce60 \uac83\uc785\ub2c8\ub2e4.<\/p>\n

<\/a>\ud2b8\ub7fc\ud504 \uc555\ubc15\uacfc \uc218\uc0ac \ub17c\ub780: \ud1b5\ud654\uc815\ucc45 \uac1c\uc785 \ub178\uace8\uc801 \uc218\ub2e8<\/strong><\/p>\n

Wmax\ub294 \uc0ac\uac74\uc758 \ub9e5\ub77d\uc744 \uc815\ub9ac\ud558\uc5ec \ud2b8\ub7fc\ud504\uac00 \ud30c\uc6d4 \uc758\uc7a5\uc744 \uc555\ubc15\ud55c \uac83\uc774 \ub2e8\uc21c\ud788 \uc815\uce58\uc801 \ucc28\uc774\uc758 \ubb38\uc81c\uac00 \uc544\ub2c8\ub77c \uc5f0\uc900\uc758 \ud1b5\ud654 \uc815\ucc45 \uc9c0\ubc30\ub825\uc744 \uc9c1\uc811\uc801\uc73c\ub85c \uc5b8\uae09\ud55c \uac83\uc784\uc744 \uc54c\uc544\ub0c8\uc2b5\ub2c8\ub2e4. \ud30c\uc6d4 \uc758\uc7a5\uc740 2018\ub144 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc5d0 \uc758\ud574 \uc784\uba85\ub410\uc9c0\ub9cc \ub300\ud1b5\ub839\uc774 \uc6d0\ud558\ub294 \ub9cc\ud07c \uae08\ub9ac\ub97c \uc778\ud558\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc774\uc720\ub85c \ub300\uc911\uc758 \uacf5\uaca9\uc744 \uacc4\uc18d \ubc1b\uc544\uc654\ub2e4. \uc778\ud50c\ub808\uc774\uc158\uc774 \ub0c9\uac01\ub418\uc5c8\uc9c0\ub9cc \uc2dd\ub8cc\ud488, \uacf5\uacfc\uae08, \uc8fc\ud0dd\uc758 \ub192\uc740 \ube44\uc6a9\uc740 \uc5ec\uc804\ud788 \u200b\u200b\ubbfc\uac10\ud55c \uc815\uce58\uc801 \ubb38\uc81c\uc774\uba70, \ud2b8\ub7fc\ud504\ub294 \uae08\ub9ac \uc778\ud558\ub97c \ubbfc\uc0dd\uc5d0 \ub300\ud55c \uc555\ubc15\uc744 \uc644\ud654\ud558\uae30 \uc704\ud55c \ud575\uc2ec \uc218\ub2e8\uc73c\ub85c \ubcf4\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260119_155634\"<\/p>\n

\ud30c\uc6d4\uc5d0 \ub300\ud55c \ubc95\ubb34\ubd80\uc758 \ubc94\uc8c4 \uc218\uc0ac\uac00 \uc555\ubc15\uc758 \ud575\uc2ec\uc774 \ub410\ub2e4. \uc774\ubc88 \uc870\uc0ac\ub294 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc774 \uacf5\uac1c\uc801\uc73c\ub85c \uc0ac\uce58\uc2a4\ub7fd\ub2e4\uace0 \ube44\ub09c\ud55c 25\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed) \uac74\ubb3c \uac1c\uc870 \ud504\ub85c\uc81d\ud2b8\uc5d0 \ub300\ud55c \uc99d\uc5b8\uc5d0 \ucd08\uc810\uc744 \ub9de\ucdc4\ub2e4. Wmax\ub294 \uc774\ubc88 \uc870\uc0ac\uac00 \uacb0\ucf54 \ub2e8\uc21c\ud55c \uaddc\uc815 \uc900\uc218 \uac80\ud1a0\uac00 \uc544\ub2c8\ub77c \ud1b5\ud654 \uc815\ucc45\uc5d0 \uac1c\uc785\ud558\ub824\ub294 \ub300\ud1b5\ub839\uc758 \uc2dc\ub3c4\ub97c \ud655\ub300\ud55c \uac83\uc774\ub77c\uace0 \uacb0\ub860\uc9c0\uc5c8\uc2b5\ub2c8\ub2e4. \uc555\ub825\uc5d0 \uc9c1\uba74\ud55c \ud30c\uc6d4 \ucd1d\ub9ac\ub294 1\uc6d4 11\uc77c \uc131\uba85\uc744 \ud1b5\ud574 \uc5f0\uc900\uc774 \uc815\uce58\uc801 \uc120\ud638\uc5d0 \uad74\ubcf5\ud558\uc9c0 \uc54a\uace0 \ub300\uc911\uc758 \uc774\uc775\uc5d0 \ub530\ub77c \uae08\ub9ac\ub97c \uc124\uc815\ud574\uc57c \ud55c\ub2e4\uace0 \uc8fc\uc7a5\ud55c \uacb0\uacfc \ud615\uc0ac \uace0\ubc1c\uc758 \uc704\ud611\uc774 \ubd88\uac00\ud53c\ud558\ub2e4\uace0 \uc9c1\uc124\uc801\uc73c\ub85c \ubc18\uaca9\ud588\ub2e4. \uc774 \uc131\uba85\uc740 \ub610\ud55c \uc2dc\uc7a5\uc5d0\uc11c Powell\uc774 \uae30\uad00\uc758 \ub3c5\ub9bd\uc131\uc744 \ubcf4\ud638\ud558\uae30 \uc704\ud574 \uc5f0\uc900 \uc774\uc0ac\ud68c\uc5d0 \ub0a8\uc744 \uac00\ub2a5\uc131\uc774 \uac00\uc7a5 \ub192\ub2e4\uace0 \ubbff\uac8c \ub9cc\ub4e4\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n

<\/a>\uc774\uc0ac\ud68c \uc794\ub958: \ud2b8\ub7fc\ud504\uc758 \uae08\ub9ac \uc778\ud558 \uacc4\ud68d\uc5d0 \ub300\ud55c \ubc29\uc5b4\uc120 \uad6c\ucd95<\/strong><\/p>\n

Wmax\uc5f0\ubc29\uc900\ube44\uc81c\ub3c4\uc774\uc0ac\ud68c \uc758\uc11d\uad6c\uc870 \ubd84\uc11d\uc5d0 \ub530\ub974\uba74 \ud30c\uc6d4 \uc758\uc7a5\uc774 \uc0ac\uc784\ud55c \ub4a4 \uc774\uc0ac\ud68c \uc704\uc6d0\uc73c\ub85c \ub0a8\uc744 \uacbd\uc6b0 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc758 \uc5f0\uc900 \uc7a5\uc545\ub825\uc744 \uacac\uc81c\ud558\ub294 \ud575\uc2ec \uc138\ub825\uc774 \ub420 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \uc5ed\uc0ac\uc801 \uad00\ud589\uc5d0 \ub530\ub974\uba74 \uc5f0\uc900 \uc758\uc7a5\uc740 \ud1f4\uc784 \uc2dc \uc774\uc0ac\ud68c\uc5d0\uc11c \ubb3c\ub7ec\ub098\ub294 \uac83\uc774 \ubcf4\ud1b5\uc774\uc9c0\ub9cc \ud30c\uc6d4 \uc758\uc7a5\uc774 \uc774 \uad00\ub840\ub97c \uc5b4\uae30\uba74 \uc9c0\ub09c 50\ub144 \ub9cc\uc5d0 \uc7ac\uc9c1\ud55c \uccab \ubc88\uc9f8 \uc804\uc9c1 \uc758\uc7a5\uc774 \ub41c\ub2e4. \ud604\uc7ac \uc758\ud68c \uc758\uc11d\uc744 \ubcf4\uba74 \ud2b8\ub7fc\ud504\ub294 \uc784\uba85\ub41c \uc758\uc11d 3\uc11d\ub9cc \ucc28\uc9c0\ud558\uace0 \uc544\uc9c1 \uacfc\ubc18 \uc6b0\uc704\ub97c \uc810\ud558\uc9c0 \ubabb\ud558\uace0 \uc788\ub2e4. \uc2e0\uc784 \ud68c\uc7a5\uc774 \uc9c0\uba85\ub418\ub354\ub77c\ub3c4 \uae09\uaca9\ud55c \uae08\ub9ac \uc778\ud558\ub97c \ucd94\uc9c4\ud558\ub294 \uc815\ucc45 \uc81c\uc548\uc5d0 \ub300\ud574 \uc774\uc0ac\ud68c\uc758 \uc9c0\uc9c0\ub97c \uc5bb\uae30\ub294 \uc5b4\ub824\uc6b8 \uac83\uc774\ub2e4. \uadf8\uc758 \uacbd\ud5d8\uacfc \uc601\ud5a5\ub825\uc744 \ubc14\ud0d5\uc73c\ub85c \ud30c\uc6d4\uc740 \uc5f0\ubc29 \uacf5\uac1c \uc2dc\uc7a5 \uc704\uc6d0\ud68c\uc758 \ub2e4\ub978 \uad6c\uc131\uc6d0\ub4e4\uacfc \uc5f0\ud569\ud558\uc5ec \uc2e0\uc784 \uc758\uc7a5\uc758 \uae09\uc9c4\uc801\uc778 \uc815\ucc45\uc744 \uac70\ubd80\ud560 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4.<\/p>\n

\uc774\uc0ac\ud68c\uac00 \uc758\uc7a5\uc758 \uc815\ucc45\uc744 \uac70\ubd80\ud558\ub294 \uc774\ub7ec\ud55c \uc0c1\ud669\uc740 1986\ub144 \uc774\ud6c4 \ud55c\ubc88\ub3c4 \ubc1c\uc0dd\ud558\uc9c0 \uc54a\uc558\ub294\ub370, \uc774\ub294 \ud30c\uc6d4 \uc758\uc7a5\uc758 \uc7ac\uc784\uc5d0 \ub300\ud55c \uacac\uc81c\uc640 \uade0\ud615 \ud6a8\uacfc\ub97c \uc785\uc99d\ud558\uae30\uc5d0 \ucda9\ubd84\ud558\ub2e4. \ub3d9\uc2dc\uc5d0, \ud30c\uc6d4 \uc758\uc7a5\uc758 \uc720\uc784\uc740 \uc774\uc0ac\ud68c\ub97c \uc694\uae08 \uc778\ud558 \uad00\ub8cc\ub4e4\ub85c \ucc44\uc6b0\ub824\ub294 \ud2b8\ub7fc\ud504\uc758 \uacc4\ud68d\uc744 \uc9c1\uc811\uc801\uc73c\ub85c \ubc29\ud574\ud560 \uac83\uc785\ub2c8\ub2e4. \uadf8\uc758 \ubcf8\ub798 \uc758\ub3c4\ub294 \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131\uc744 \uc218\ud638\ud558\ub294 \uac83\uc774\uace0 '\uadf8\ub9bc\uc790 \uc758\uc7a5'\uc774 \ub420 \uc0dd\uac01\uc740 \uc5c6\uc9c0\ub9cc \uadf8\uc758 \uc874\uc7ac\ub294 \ud544\uc5f0\uc801\uc73c\ub85c \ub0b4\ubd80 \uade0\ud615\uc744 \uc774\ub8e8\ub294 \ud798\uc774 \ub420 \uac83\uc774\ub2e4. \uadf8\ub7ec\ub098 Wmax\uc5d0\uc11c\ub294 \uc774 \uc0c1\ud669\uc5d0 \uc7a0\uc7ac\uc801\uc778 \uc704\ud5d8\uc774 \uc788\ub2e4\ub294 \uc810\ub3c4 \uc5b8\uae09\ud588\uc2b5\ub2c8\ub2e4. \uba54\uc2a4\ud130 \uc804 \ud074\ub9ac\ube14\ub79c\ub4dc \uc5f0\uc740 \ucd1d\uc7ac\uac00 \uc9c0\uc801\ud55c \uac83\ucc98\ub7fc '\ub450 \uad50\ud669' \ub51c\ub808\ub9c8\ub294 \uc2dc\uc7a5\uc774 \uc5f0\uc900\uc758 \uc2e4\uc9c8 \ud310\ub2e8\uc744 \uc5b4\ub835\uac8c \ub9cc\ub4e4\uc5b4 \uc815\ucc45 \uae30\ub300\uc5d0 \ud63c\ub780\uc744 \uac00\uc838\uc62c \uc218 \uc788\ub2e4.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260119_160045\"<\/p>\n

<\/a>\uc774\uc0ac\ud68c \ud0c8\ud1f4: \ud2b8\ub7fc\ud504\uac00 \uc5f0\uc900\uc744 \uc644\uc804\ud788 \uc7a5\uc545\ud560 \uc218 \uc788\ub294 \uc911\uc694\ud55c \uae30\ud68c<\/strong><\/p>\n

Wmax\ub294 \ud30c\uc6d4 \uc758\uc7a5\uc774 \uc774\uc0ac\ud68c\uc5d0\uc11c \uc644\uc804\ud788 \ubb3c\ub7ec\ub098\uae30\ub85c \uacb0\uc815\ud55c\ub2e4\uba74 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc774 \uc5f0\uc900\uc744 \uc7a5\uc545\ud560 \uc218 \uc788\ub294 \uc808\ud638\uc758 \uae30\ud68c\ub97c \uac16\uac8c \ub420 \uac83\uc774\ub77c\uace0 \ubd84\uc11d\ud55c\ub2e4. \ub300\ud1b5\ub839\uc740 \uc774\uc0ac\ud68c\uc5d0 4\ubc88\uc9f8 \uc0ac\ub78c\uc744 \uc9c0\uba85\ud558\uc5ec \uacfc\ubc18\uc218\ub97c \uad6c\uc131\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub300\ubc95\uc6d0\uc774 \ud604 \uc774\uc0ac\uc778 \ucfe1\uc744 \ud574\uace0\ud558\ub824\ub294 \uadf8\uc758 \uc2dc\ub3c4\ub97c \uc778\uc815\ud55c\ub2e4\uba74 \ud2b8\ub7fc\ud504\ub294 \ud1b5\uc81c\ub97c \ub354\uc6b1 \uac15\ud654\ud558\uae30 \uc704\ud574 \uc774\uc0ac\ud68c\uc5d0 \ub2e4\uc12f \ubc88\uc9f8 \uc0ac\ub78c\uc744 \ucd94\uac00\ud560 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\ud2b8\ub7fc\ud504 \ud589\uc815\ubd80\ub294 \uc774\uc0ac\ud68c\uc5d0\uc11c \uacfc\ubc18\uc218\ub97c \uc7a5\uc545\ud558\uac8c \ub418\uba74 \uc5f0\uc900\uc758 \uc2ec\uce35\uc801\uc778 \uac1c\ud601\uc744 \ucd94\uc9c4\ud558\uac8c \ub41c\ub2e4. \ubca0\uc13c\ud2b8 \ubbf8\uad6d \uc7ac\ubb34\uc7a5\uad00\uc740 \ub298 \uacbd\uc81c\uc640 \uae08\uc735\uc2dc\uc7a5\uc5d0\uc11c \uc5f0\uc900\uc758 \uc601\ud5a5\ub825 \uc57d\ud654\ub97c \uc8fc\uc7a5\ud574\uc654\uc73c\uba70 \uad00\ub828 \uac1c\ud601 \uacc4\ud68d\uc774 \ub354 \ube68\ub9ac \uc2dc\ud589\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. \ub610\ud55c \ud2b8\ub7fc\ud504\ub294 \uc790\uc2e0\uc758 \ub300\ub2e4\uc218 \uc774\uc810\uc744 \ud65c\uc6a9\ud558\uc5ec \uc77c\ubd80 \uc9c0\uc5ed \uc5f0\uc900 \uc758\uc7a5\uc744 \ud574\uc784\ud560 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub4e4 \uc9c0\uc5ed \uc5f0\uc900\uc758 \uc758\uc7a5\uc740 \uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(Federal Open Market Committee)\uc758 \ud68c\uc6d0\uc785\ub2c8\ub2e4. \uadf8 \uc911 \ub274\uc695 \uc5f0\uc900 \ucd1d\uc7ac\ub294 \uc601\uad6c \ud22c\ud45c\uad8c\uc744 \uac16\uace0 \uc788\uc5b4, \ub9ce\uc740 \uc774\ub4e4\uc774 \uacf5\uac1c\uc801\uc73c\ub85c \uae08\ub9ac \uc778\ud558\uc5d0 \ubc18\ub300\ud574\uc654\ub2e4. \uc774\ubc88 \ub9ac\ucf5c\uc740 \uae08\ub9ac \uc778\ud558 \ucd94\uc9c4\uc5d0 \ub300\ud55c \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc758 \uc800\ud56d\uc744 \ud06c\uac8c \uc904\uc5ec\uc904 \uac83\uc774\ub2e4.<\/p>\n

<\/a>\uc5ed\uc0ac\uc801 \uc120\ub840\uc5d0 \ub300\ud55c \uc131\ucc30: \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131\uc744 \uacc4\uc2b9\ud558\uace0 \uc218\ud638\ud558\ub2e4<\/strong><\/p>\n

Wmax\ub294 \uc5f0\uc900\uc758 \uc5ed\uc0ac\ub97c \uac80\ud1a0\ud55c \uacb0\uacfc \ud30c\uc6d4\uc774 \uc774\uc0ac\uc9c1\uc744 \uc720\uc9c0\ud55c \uc804\ub840\uac00 \uc5c6\ub294 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \uc5ed\uc0ac\uc801 \uacbd\ud5d8\uc740 \uae30\uad00\uc758 \ub3c5\ub9bd\uc131\uc744 \ubcf4\ud638\ud558\ub294 \uac83\uc774 \ud575\uc2ec\uc801 \uc911\uc694\uc131\uc744 \uac16\ub294\ub2e4\ub294 \uac83\uc744 \ub354\uc6b1 \ud655\uc99d\ud574 \uc8fc\uc5c8\uc2b5\ub2c8\ub2e4. 1978\ub144 \ub2f9\uc2dc \uc5f0\ubc29\uc900\ube44\uc740\ud589 \uc758\uc7a5\uc774\uc5c8\ub358 \ubc88\uc988\ub294 \uc0ac\uc784\ud55c \ud6c4 3\uc8fc \ub3d9\uc548 \uc774\uc0ac\ud68c\uc5d0 \uba38\ubb3c\ub800\ub2e4. 1948\ub144 \ucd08, \uc544\uc774\ucf54\uc2a4 \ud68c\uc7a5\uc740 \ud1f4\uc784 \ud6c4\uc5d0\ub3c4 \ud2b8\ub8e8\uba3c\uc758 \uc694\uccad\uc5d0 \ub530\ub77c 3\ub144 \ub3d9\uc548 \uc7ac\uc9c1\ud588\uc2b5\ub2c8\ub2e4. \uadf8\uac00 \uc784\uae30 \ub3d9\uc548 \ucde8\ud55c \uc870\uce58\ub294 \uc5f0\uc900\uc758 \ubc1c\uc804 \uada4\uc801\uc5d0 \uae4a\uc740 \uc601\ud5a5\uc744 \ubbf8\ucce4\uc2b5\ub2c8\ub2e4. 1951\ub144 \uc5d0\ucf54\uc2a4\ub294 \uc774\uc790\uc728 \ubd84\uc7c1\uc5d0\uc11c \uc911\uc2ec\uc801\uc778 \uc5ed\ud560\uc744 \ud558\uc5ec \ud2b8\ub8e8\uba3c \ud589\uc815\ubd80\uc758 \uac1c\uc785 \uc2dc\ub3c4\ub97c \uc131\uacf5\uc801\uc73c\ub85c \uc57d\ud654\uc2dc\ud0a4\uace0 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4-\uc7ac\ubb34\ubd80 \ud611\uc815\uc758 \uc11c\uba85\uc73c\ub85c \uc774\uc5b4\uc84c\uc2b5\ub2c8\ub2e4. \uc774 \ud611\uc815\uc73c\ub85c \ud604\ub300 \uc5f0\ubc29\uc900\ube44\uc740\ud589\uc774 \ub3c5\ub9bd \uae30\uad00\uc73c\ub85c \uc790\ub9ac \uc7a1\uc558\uace0, \uc5d0\ucf54\uc2a4\ub294 \uc5f0\uc900 \ub3c5\ub9bd\uc758 \uc0c1\uc9d5\uc774 \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ud604\uc7ac \uac1c\uc870\ub41c \uc5f0\uc900 \ubcf8\ubd80 \uac74\ubb3c\uc740 \uadf8\uc758 \uc774\ub984\uc744 \ub530\uc11c \uba85\uba85\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260119_160318\"<\/p>\n

\ub610 \ub2e4\ub978 \uc804\ud615\uc801\uc778 \uc0ac\ub840\ub294 \ud2b8\ub8e8\uba3c\uc774 \uc784\uba85\ud55c \uc5f0\ubc29\uc900\ube44\uc740\ud589 \uc758\uc7a5 \ub9c8\ud2f4\uc774\ub2e4. \ud2b8\ub8e8\uba3c\uc740 \uc6d0\ub798 \ub9c8\ud2f4\uc774 \uc790\uc2e0\uc758 \uba85\ub839\uc744 \ub530\ub97c \uac83\uc774\ub77c\uace0 \uae30\ub300\ud588\uc9c0\ub9cc \ub9c8\ud2f4\uc740 \uadf8\uc758 \uc758\uc9c0\ub97c \ubb34\uc2dc\ud558\uace0 \uae08\ub9ac \uc778\uc0c1\uc744 \uc120\ud0dd\ud588\uc2b5\ub2c8\ub2e4. \ud2b8\ub8e8\uba3c\uc740 \ub098\uc911\uc5d0 \uadf8\ub97c \ub300\uba74\ud558\uc5ec \"\ubc18\uc5ed\uc790\"\ub77c\uace0 \ubd88\ub800\uc2b5\ub2c8\ub2e4. \ub9c8\ud2f4\uc758 \ub3c5\ub9bd\uc5d0 \ub300\ud55c \ud5cc\uc2e0\uc744 \uae30\ub150\ud558\uae30 \uc704\ud574 \uc6cc\uc2f1\ud134\uc5d0 \uc788\ub294 \ub450 \ubc88\uc9f8 \uc5f0\ubc29\uc900\ube44\uc740\ud589 \uac74\ubb3c\uc774 \uadf8\uc758 \uc774\ub984\uc744 \ub530\uc11c \uba85\uba85\ub418\uc5c8\uc2b5\ub2c8\ub2e4. Wmax\ub294 \uc774 \uc5ed\uc0ac \uae30\uac04\uc774 \ud2b8\ub7fc\ud504\uc5d0 \ub300\ud55c \uc911\uc694\ud55c \uacbd\uace0\ub77c\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \ud2b8\ub7fc\ud504\uac00 \uc5f0\uc900\uc5d0 \uce21\uadfc\uc744 \uc784\uba85\ud558\ub354\ub77c\ub3c4 \uc0c1\ub300\ubc29\uc774 \uc644\uc804\ud788 \ubcf5\uc885\ud560 \uac83\uc774\ub77c\ub294 \ubcf4\uc7a5\uc740 \uc5c6\uc2b5\ub2c8\ub2e4.<\/p>\n

<\/a>\ubbf8\ub798 \ub3d9\ud5a5\uc5d0 \ub300\ud55c \uc5f0\uad6c \ubc0f \ud310\ub2e8: \uac8c\uc784\uc774 \uacc4\uc18d \ubc1c\ud6a8\ub418\uba74\uc11c \uc5ec\ub7ec \uac00\uc9c0 \ubd88\ud655\uc2e4\uc131\uc774 \ubc1c\uc0dd\ud568<\/strong><\/p>\n

Wmax\ub294 \ud604\uc7ac \uc0c1\ud669\uc744 \ubcfc \ub54c \uc774 \ud1b5\uc81c\uad8c \uc2f8\uc6c0\uc5d0\ub294 \uc544\uc9c1 \ubd88\ud655\uc2e4\uc131\uc774 \ub9ce\ub2e4\uace0 \uc0dd\uac01\ud569\ub2c8\ub2e4. \ud30c\uc6d4\uc740 \uc794\ub958 \ub610\ub294 \ud0c8\ud1f4 \uacc4\ud68d\uc744 \uba85\ud655\ud788 \ubc1d\ud788\uc9c0 \uc54a\uc740 \ub370\ub2e4 \ubc95\uc801 \uc808\ucc28 \uc9c4\ud589\uc5d0\ub3c4 \ubcc0\uc218\uac00 \uc788\ub2e4. \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc740 \uc0c8 \uc758\uc7a5 \ud6c4\ubcf4\ub97c \uc120\ud0dd\ud588\ub2e4\uace0 \ubc1d\ud614\uc73c\ub098 \uc544\uc9c1 \uad6c\uccb4\uc801\uc778 \uba85\ub2e8\uc740 \uacf5\uac1c\ub418\uc9c0 \uc54a\uc558\ub2e4. \ud574\uc14b \uad6d\uac00\uacbd\uc81c\uc704\uc6d0\ud68c(NEC) \uc704\uc6d0\uc7a5\uacfc \uc6cc\uc2dc \uc804 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(\uc5f0\uc900) \ucd1d\uc7ac\uac00 \uc720\ub825 \ud6c4\ubcf4\ub85c \uaf3d\ud78c\ub2e4. Hassett\ub294 \uacbd\uc81c \uc548\uc815\uc5d0 \ub9e4\uc6b0 \uc911\uc694\ud558\ub2e4\uba70 \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131\uc744 \uc720\uc9c0\ud558\uaca0\ub2e4\uace0 \uc57d\uc18d\ud588\uc2b5\ub2c8\ub2e4. \uc758\uc0ac\uacb0\uc815 \uba54\ucee4\ub2c8\uc998\uc758 \uad00\uc810\uc5d0\uc11c \ubcfc \ub54c American Enterprise Institute\uc758 \uc218\uc11d \uc5f0\uad6c\uc6d0\uc778 Steven Kamin\uc758 \uacac\ud574\ub294 Wmax\uc758 \ud310\ub2e8\uacfc \uc77c\uce58\ud569\ub2c8\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c \uc5f0\ubc29 \uacf5\uac1c \uc2dc\uc7a5 \uc704\uc6d0\ud68c\ub294 \uc0c8 \uc758\uc7a5\uacfc \ud611\ub825\uc744 \ubaa8\uc0c9\ud560 \uc218 \uc788\uc9c0\ub9cc, \uc2e0\uc784 \uc758\uc7a5\uc758 \uc815\ucc45\uc774 \uc2ec\uac01\ud55c \ucc28\uc774\ub97c \ucd08\ub798\ud558\ub294 \uacbd\uc6b0 \uc704\uc6d0\ud68c \uad6c\uc131\uc6d0\uc740 \ud569\uc758\ub97c \ucc3e\uae30 \uc704\ud574 \uc644\uc804\ud788 Powell\uc5d0\uac8c \uc758\uc9c0\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub3d9\uc2dc\uc5d0 \ud2b8\ub7fc\ud504 \ud589\uc815\ubd80 \ub0b4\uc5d0\uc11c\ub3c4 \ud30c\uc6d4 \uc758\uc7a5\uc5d0 \ub300\ud55c \uc870\uc0ac\uac00 \ud655\ub300\ub418\uba74 \ud604 \uc774\uc0ac\ud68c \uad6c\uc131\uc6d0\uacfc \uc9c0\uc5ed \uc5f0\uc900 \ucd1d\uc7ac\ub4e4\uc774 \ud654\ub97c \ub0b4\uba70 \uad81\uadf9\uc801\uc73c\ub85c \uc0c8 \ub300\ud1b5\ub839\uc758 \uc815\ucc45 \uc2dc\ud589\uc774 \uc5b4\ub824\uc6cc\uc9c8 \uc218 \uc788\ub2e4\uace0 \uc6b0\ub824\ud558\ub294 \uad00\ub9ac\ub4e4\uacfc \ub3d9\ub9f9\uad6d\ub4e4\uc774 \uc6b0\ub824\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"

\ud30c\uc6d4 \uc5f0\uc900\uc758\uc7a5\uc740 \ubc95\ubb34\ubd80\uc758 \ubc94\uc8c4 \uc870\uc0ac\ub97c \ubc1b\uace0 \uc788\uc5b4 \uc911\uc559\uc740\ud589 \ub3c5\ub9bd\uc131\uc5d0 \uc2ec\uac01\ud55c \uc704\ud611\uc774 \ub418\uace0 \uc788\ub2e4. \ud30c\uc6d4\uc740 \uc815\ubd80\uac00 \uae08\ub9ac\ub97c \uc778\ud558\ud558\ub3c4\ub85d \uc555\ub825\uc744 \uac00\ud558\uace0 \uc788\ub2e4\uace0 \ube44\ub09c\ud558\uba70 \uac15\ud558\uac8c \ubc18\uaca9\ud588\ub2e4. \uc804 \uc138\uacc4 \uc911\uc559\uc740\ud589\ub4e4\uc774 \ub2e8\uacb0\ud574 \uc9c0\uc6d0\ud558\uaca0\ub2e4\ub294 \uacc4\ud68d\uc744 \uc138\uc6e0\uace0, \uce90\ub098\ub2e4 \uc8fc\uc9c0\uc0ac\uac00 \uac00\uc7a5 \uba3c\uc800 \uc9c0\uc9c0\ub97c \ud45c\uba85\ud588\uc2b5\ub2c8\ub2e4. \uacf5\ud654\ub2f9 \uc0c1\uc6d0\uc758\uc6d0\ub4e4\uc774 \ud2b8\ub7fc\ud504 \ud6c4\ubcf4\ub97c \uc800\uc9c0\ud560 \uacc4\ud68d\uc744 \uc138\uc6b0\uc790 \uc2dc\uc7a5\uc758 \uc7ac\uacc4\ub294 \uac1c\uc778\uc801\uc73c\ub85c \ucda9\uaca9\uc744 \ubc1b\uc558\uc9c0\ub9cc \uacf5\uac1c\uc801\uc73c\ub85c\ub294 \uce68\ubb35\ud588\ub2e4. \uc815\uce58\uc640 \uc911\uc559\uc740\ud589 \ub3c5\ub9bd \uc0ac\uc774\uc758 \uc774 \uac8c\uc784\uc740 \uae00\ub85c\ubc8c \uae08\uc735 \uc548\uc815\uc131\uc758 \ucd08\uc11d\uc744 \ud14c\uc2a4\ud2b8\ud569\ub2c8\ub2e4.<\/p>","protected":false},"author":1,"featured_media":8500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[178,444,490],"class_list":["post-8499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-178","tag-444","tag-490"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/8499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/comments?post=8499"}],"version-history":[{"count":2,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/8499\/revisions"}],"predecessor-version":[{"id":8505,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/8499\/revisions\/8505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media\/8500"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media?parent=8499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/categories?post=8499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/tags?post=8499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}