Brazil and Korea. The results confirm that supply shocks are the main source of GDP fluctuations, even in the short run …. Aggregate demand shocks are shown to be important in the short run in Brazil, but not in Korea. External shocks explain a small …

to assess the cases of three Asian countries, namely Korea, the Philippines, and Thailand. The “optimal debt policy” for … period, Korea was quite successful in managing its external debt, while the Philippines was less successful. The case of … Thailand, in many respects, fell in between the other two, although closer to that of Korea …

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 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 …