Series: IMF Working Papers
Author(s): Edda Zoli , Hou Wang , and Douglas Laxton
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 April 2018
Keywords: Asia and Pacific, Korea, Republic of, aging; long-term fiscal sustainability; structural reforms; potential output, aging, long-term fiscal sustainability, structural reforms, potential output, Forecasting and Simulation
Adverse demographics and other structural weaknesses impinge on Korea's long-term fiscal outlook and potential growth. Moreover, inadequate social protection is creating poverty and dampening consumption. The paper...