"Economic growth, inflation, and interest rates have declined in Asia. Sustaining Economic Growth in Asia explores the relevance to several Asian economies of the diagnosis known as "secular stagnation." Leading experts discuss the fiscal and monetary policy challenges of reviving growth without...

The primary focus of this paper is on economic developments and policies in the period since the outbreak of the financial crisis. Policies adopted under the program successfully restored external stability, rebuilt reserves, and initiated reform of the financial and corporate sectors. Key...

This 2019 Article IV Consultation discusses Korea's economy that has strong fundamentals; however, it is facing cyclical and structural headwinds. Potential growth will continue its decline, and polarization and inequality are concerns. Labor and product market duality persist. The government is...

This Selected Issues paper analyzes monetary policy and financial cycles; the evolution of macroprudential policies in Korea; the efficacy in prudential policies in taming financial excess and building financial resilience and; the interaction between monetary policy and macroprudential policies....