Republic of Korea: Selected Issues
August 20, 2009
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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.
Subject: Corporate sector, Credit, Economic sectors, Fiscal multipliers, Fiscal policy, Fiscal stimulus, Personal income tax, Taxes
Keywords: Asia and Pacific, authority, construction company, Corporate sector, CR, firm, Fiscal multipliers, Fiscal stimulus, Global, ISCR, nonviable SME, Personal income tax, reaction function, SME, SME loan, SME owner, SME profitability, SME sector, SMES trail
Pages:
29
Volume:
2009
DOI:
Issue:
263
Series:
Country Report No. 2009/263
Stock No:
1KOREA2009002
ISBN:
9781451822267
ISSN:
1934-7685
