Republic of Korea: Selected Issues

International Monetary Fund

No 2009/263, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; SME; firm; authority; reaction function; SME sector; nonviable SME; SME profitability; SME owner; construction company; SMES trail; SME loan; Fiscal stimulus; Corporate sector; Fiscal multipliers; Personal income tax; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 29
Date: 2009-08-20
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