the key drivers of Korea's duality. In addition, applying a general equilibrium search-and-matching model and calibrating …

Adverse demographics and other structural weaknesses impinge on Korea's long-term fiscal outlook and potential growth …. Moreover, inadequate social protection is creating poverty and dampening consumption. The paper presents projections of Korea … potential growth and social protection. It concludes that with greater revenue mobilization, Korea can stabilize debt …

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly … promote more sustainable and inclusive growth in Korea. In particular, simulation results suggest that social spending which … - there is still a social spending gap relative to Korea's OECD peers. Because of several fiscal challenges in the coming …

Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently … 2008. Impulse responses from a Dynamic Stochastic General Equilibrium (DSGE) model calibrated to Korea shows that it … appears better prepared to handle such shocks relative to 2008. Indeed, Korea is much more resilient to such shocks due to the …

Korea's rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of … techniques, including statistical filters, a multivariate model and the production function, to estimate Korea's potential growth …-age population. However, Korea's potential growth can be maintained at a higher level by putting in place a comprehensive structural …

We examine how Korea's capital flows and trade have been affected by the quantitative easing (QE) of the United States … and the quantitative and qualitative easing (QQME) of Japan. Korea is an intriguing case due to its borderline position … between advanced and emerging market country groups, and the common perception that Korea competes fiercely with Japan in the …

Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic … growth model-which served Korea well in the past-has become less effective and politically palatable in recent years. As such …, Korea needs a major paradigm shift to embark on a new sustainable and inclusive growth path. But policy response has been …

This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea’s labor …-level productivity gaps in Korea with respect to the global frontier, especially in market-oriented services. Using the OECD’s Product … exposed to regulation. The results confirm the potential for Korea to boost overall productivity and growth through PMR …