Republic of Korea: Selected Issues

International Monetary Fund

No 2004/045, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper discusses the fiscal policy in the Korean business cycle, and examines the usefulness of the equations for inflation forecasting at horizons consistent with the Bank of Korea 's inflation-targeting framework. It analyzes the causes and macroeconomic consequences of Korea's dual labor market; discusses the government's reform proposals; and the nonbank financial sector restructuring to date.

Keywords: ISCR; CR; nonbank; GDP; worker (search for similar items in EconPapers)
Pages: 66
Date: 2004-02-25
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