Hong, Kiseok - East Asian Bureau of Economic Research (EABER) - 2010
This paper examines fiscal policy issues in the Republic of Korea (hereafter Korea) after the 2009 global financial … crisis, including the timing of fiscal policy responses, the effectiveness of expansionary measures, and the long …-cyclicality of fiscal policy and its role in the recovery process. The analysis suggests that Koreas fiscal stimulus in 2009, while …