연금포럼 제54호

권두언
국민연금과 거시경제｜김석진 ··························································· 2

기획주제
국민연금제도가 거시경제에 미치는 영향｜양준모 ····································· 4
국민연금기금의 거시경제적 효과｜홍기석 ··········································· 12
국내외 거시금융 환경변화와 국민연금기금 운용에 대한 시사점｜송치영 ········· 20
국민연금이 소비와 저축에 미치는 영향 분석｜성명기 ······························ 28

정책분석 및 연금동향
독일의 공적연금 관리운영과 시사점｜정인영 ········································ 36
영국 공적연금 단일화 개혁 내용과 의의｜최옥금 ··································· 46
국민연금 급여 산식의 구조와 소득재분배 기능에 대한 재검토｜최기홍 ·········· 53
국민연금 국내주식 운용성과와 경제변수의 국면별 관계 분석｜정문경 ··········· 60
글로벌 통화시장의 특징과 외화관리에 대한 시사점｜주상철 ······················ 67