Seob Son, Young; Smith, William T.; Soo Pyun, Chong - In: Multinational Business Review 17 (2009) 4, pp. 1-20
This study reveals how a Korean monetary transmission mechanism evolves in the tumultuous decade of the 1990s. We show that (i) contractionary monetary policy shocks have more explanatory power for the post‐crisis periods than for the pre‐crisis period; (ii) the effects on output from...
