Hwang, Seolwoong; Lee, Kwangwon; Yim, Geunhyung - 2022
This study analyzes the impact of supply and demand shocks on income and price inequality in the economy using data from Korea. First, supply and demand shocks are identified from output and price data in Korea using the methods found in Blanchard and Quah (1989) and Bashar (2011). In addition,...