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 … demand shocks significantly worsen the income distribution. It is estimated that the effect of the demand shock is long …