Republic of Korea: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper evaluates the size of fiscal multipliers in Korea using the IMF’s Global Integrated Monetary and Fiscal model calibrated for Korea. The sensitivity of the results to a number of key factors is explored. Based on this, the impact of the recent fiscal stimulus packages is estimated and the appropriateness of the current mix of measures is assessed. In this context, the paper also draws on international operational experience with fiscal stimulus measures.
Series:
Country Report No. 2009/263
Subject:
Corporate sector Credit Economic sectors Fiscal multipliers Fiscal policy Fiscal stimulus Personal income tax Taxes
Frequency:
Quarterly
English
Publication Date:
August 20, 2009
ISBN/ISSN:
9781451822267/1934-7685
Stock No:
1KOREA2009002
Pages:
29
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