Macroeconomic Stabilization in Crisis: The Role of Investment Shocks and Policy Responses in South Korea During COVID-19

Macroeconomic Stabilization in Crisis: The Role of Investment Shocks and Policy Responses in South Korea During COVID-19

This study investigates the dual dynamics of investment shocks and policy responses in stabilizing South Korea’s macroeconomy during the COVID-19 pandemic, utilizing a Bayesian DSGE framework. The model integrates sophisticated mathematical components, including stochastic differential equations, Ba...

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Bibliographic Details
Main Authors: Yugang He, Sungho Rho
Format: Article
Language:English
Published: MDPI AG 2024-12-01
Series:Mathematics
Subjects:
COVID-19 pandemic
Bayesian DSGE modeling
stochastic differential equations
impulse response analysis
Markov Chain Monte Carlo simulations
fiscal and monetary policies
Online Access:https://www.mdpi.com/2227-7390/12/24/3925
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