Hong, Kiseok - East Asian Bureau of Economic Research (EABER) - 2010
-term implications for government debt. In order to evaluate more accurately Koreas fiscal response since late 2008, this paper conducts … economic downturns. This paper also investigates whether the rapid increase in Koreas fiscal debt burden is admissible in terms … of long-term sustainability. Although existing evidence suggests that Koreas fiscal debt is still manageable, the …