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Business Cycles in Korea: Insights from a TANK Model

This paper sets up a medium-scale small open economy TANK model with incomplete markets to address business cycles in Korea extensively. The estimated model via Bayesian estimation methodology shows that the fraction of households who lack access to financial markets increased from 30 percent to 40...

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Detaylı Bibliyografya
Asıl Yazarlar: Yongseung Jung, Doo Yong Yang
Materyal Türü: Artigo
Dil:Inglês
Baskı/Yayın Bilgisi: Korea Institute for International Economic Policy 2025-09-01
Seri Bilgileri:East Asian Economic Review
Konular:
Online Erişim:https://dx.doi.org/10.11644/KIEP.EAER.2025.29.3.452
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