Özellikle 2008 yılında yaşanan Küresel Finansal Kriz ile birlikte hem ulusal hem de küresel ölçekte konut piyasasının makroekonomik istikrar üzerindeki etkileri araştırmacılar ve politika yapıcılar tarafından daha net bir biçimde kavranmıştır. Bu bağlamda ekonomi politikalarındaki belirsizlikler başta olmak üzere farklı belirsizlik türlerinin konut piyasasını etkilediği görülmüştür. Bu çalışmanın temel amacı Güney Kore'de 2001Ç1-2018Ç4 dönemi için reel konut fiyatları ile ekonomi politikaları belirsizliği arasındaki ilişkiyi VAR analizi yardımıyla ortaya koymaktır. Çalışmanın ampirik bulguları Güney Kore'de ekonomi politikalarındaki belirsizliklerin reel konut fiyatlar değişimlerini açıklamada etkin olduğunu göstermektedir. Ayrıca reel konut fiyatları ile ekonomi politikası belirsizliği arasında çift yönlü bir nedensellik ilişkisi olduğu tespit edilmiştir.

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Sovereign wealth funds which have become one of the most important financial actors of the 21 st century are state-owned investment funds mostly with a long term investment perspective and are in search of commercial return with the aim of protecting and enhancing the accummulation of wealth of the states. Considering the volume they manage, sovereign wealth funds are among the fast-growing investors by leaving behind a large number of financial investors such as hedge funds and private equity funds. The active participation of sovereign wealth funds in the 2007-08 Global Financial Crisis has led to an increase in the interest directed to them and led to a detailed examination of such funds. The global financial crisis has also brought with it the risky view of the sovereign wealth fund activities. The risks carried by sovereign wealth funds draw much more attention than the benefits they provide hence some concerns are arising about such funds. Concerns about sovereign wealth funds can be examined under three group as political concerns, economic concerns and concerns about the transparency of sovereign wealth funds. In addition, because of a number of sovereign wealth funds are chariness about declaring their activities and institutional structure explicitly, regulatory and protectionist measures needed to be taken for such funds. It is also expressed frequently that the investments of sovereign wealth funds will negatively affect the performance of companies and destabilise the financial markets. Considering the experiences at the recent years about sovereign wealth funds, evidences suggest that the minority of the funds are acting for political purposes and the majority of the funds are acting with economic motives. Evidences also indicate that investments made by sovereign wealth funds contribute to the stability of financial markets and global economy. Finally, results show that sovereign wealth funds can affect the performance of the companies positively which they invest in.

Sovereign Wealth Funds, which have become one of the most popular financial instrument of recent years and were accepted as both institutional innovation and financial power in international financial markets, have reached a level that can shape the structure of national economies with total assets of 7.445 trillion dollars. The fact that sovereign wealth funds have reached a considerable volume today makes it possible for both the host country and the home country to influence the economic conditions at the macroeconomic and microeconomic dimension.The fact that sovereign wealth funds, which have a size that can affect national economies, are in the state property, which is the most striking and controversial feature, places such funds in the target of criticism. However, there are also opinions that sovereign wealth funds act only for economic purposes. This study investigates the driving forces behind the development of sovereign wealth funds, which are examined as international institutional investors, as well as the funding sources and the purposes of such funds. In addition, this study discusses whether sovereign wealth funds are a useful tool for economies, and the ideas that are directed at and favored against these funds.