KIEP Opinions
Publications
KIEP Opinions
To list
Economic Policy Uncertainty and Its Implications on Economic Recovery: A Case Study of Korea
- Author KIM Wongi
- Date2016-01-15
Several economists focus on the role of economic policy uncertainty to explain sluggish growth in several countries in the aftermath of the financial crisis. Economic policy uncertainty is a concept of economic risks where the future path of government policy such as fiscal, regulatory, and monetary policy is uncertain. Baker, Bloom, and Davis (2015) show that heightened policy uncertainty makes economic conditions worse in the U.S. To investigate the effects of policy uncertainty in Korea, I conducted a statistical analysis in line with Baker, Bloom, and Davis (2015). The result suggests that an increase in economic policy uncertainty is a potential cause of slow economic recovery in Korea in the aftermath of the financial crisis.
File
-
Download
KIEP opinions_no75.pdf
(634.62KB / Download 2,406회)
공공저작물 자유이용허락 표시기준 (공공누리, KOGL) 제4유형
대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조