KEI Director and Fellow Kyle Ferrier on Korea's Macroeconomic Policy
November 5, 2019
Writing for the Diplomat Magazine, KEI Director and Fellow Kyle Ferrier examines the Bank of Korea’s ongoing efforts to support the won. Ferrier is confident that the BOK has the capital reserve to soften external shocks to South Korea’s currency, but does not believe that monetary policy would solve Korea’s economic woes. Instead, he recommends that Seoul engage in expansionary fiscal policy to boost the economy. Ferrier notes that the Moon administration has been increasing spending to bolster the economy – but points out that the Korean public sector has the resources to intervene more aggressively.
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