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Title of the article The Anti-Crisis Policy of the Korean Government and Bank of Korea During the COVID-19 Pandemic
Pages 101–115
Author Suslov Denis VladimirovichSuslov Denis Vladimirovich
candidate of sciences (economics), senior research fellow
Economic Research Institute FEB RAS
153, Tikhookeanskaya Street, Khabarovsk, Russia, 680042
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ORCID: 0000-0001-5866-4369
Abstract The analysis of the general economic and institutional problems of the development of the Republic of Korea in the context of the COVID-19 pandemic was carried out. The parameters are given and the assessment of measures of state economic policy to eliminate economic shocks in the country is carried out. It was revealed that the economic policy of responding to the crisis shocks of the COVID-19 pandemic by the government of the country was timely and adequate to the current crisis facts. It was found that timely measures of fiscal policy within the framework of additional budgets and monetary policy of the Bank of Korea, in general, led to the return of the Korean economy in the first half of 2021 on the development trajectory with a positive growth rates (about 2–4% annually), which are expected to be achieved in the medium term.
Code 339.97
DOI 10.14530/reg.2021.6.101
Keywords Republic of Korea ♦ COVID-19 ♦ government ♦ economic policy measures ♦ «Korean New Deal» ♦ Bank of Korea
Download 2021-06.101.pdf
For citation Suslov D.V. The Anti-Crisis Policy of the Korean Government and Bank of Korea During the COVID-19 Pandemic. Regionalistica [Regionalistics]. 2021. Vol. 8. No. 6. Pp. 101–115. (In Russian)
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