Monetary policy alone will not solve Korea’s problems – paper
Study calls for structural changes to tackle ageing population, high debt and low growth
South Korea can avoid encountering similar economic challenges to Japan if it does not rely on monetary policy to solve its structural problems, Bank of Korea economists say.
In a research note published today (August 4), Jang Taeyun, Kim Namju and Son Yoonsuk say South Korea faces high debt, an ageing population and a flagging economy. If these issues go unaddressed, the country will face a constrained monetary policy environment in the future.
The authors say the solution will involve wide
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