Ahn, Chang Mo
The main purpose of this thesis is to identify the dynamic effects of exogenous
economic shocks on the macroeconomic adjustment in a small open resource-poor
economy, Korea. It is well known that the macroeconomic adjustment process of an
open economy is best analyzed within an intertemporal general equilibrium framework.
However, empirical application of the framework has been very limited despite its
This thesis provides one of the possible solutions to the...[Show more]
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