Song, Joonhyuk; Ryu, Doojin - In: Economics : the open-access, open-assessment journal 15 (2021) 1, pp. 3-27
As Korea's household debt has increased rapidly since the mid-2000s, concerns that its economy's hard-wired leveraging may negatively impact economic activity have grown. Calls are being made for policy actions to return the economy to its long-run trend. Housing preferences and monetary shocks...
