Bank of Korea: "More Experience with Sharp Exchange Rate Surges Leads to Limited Consumption Contraction"
4 Articles
4 Articles
Household Consumption Adapts to Repeated Sharp Exchange Rate fluctuations... Limited Negative Impact
Analysis suggests that the more frequently a household experiences sharp rises in the won-dollar exchange rate, the smaller the negative impact of such appreciation on consumption becomes. Choi Young-jun, a research fellow at the Bank of Korea’s Economic Research Institute, released a report titled “Analysis of the Relationship Between Experiences of Sharp Exchange Rates and Household Consumption” on the 1st containing these findings. The analys…
A Bank of Korea study released on the 1st found that households with frequent experience of sharp rises in the won-dollar exchange rate reduce their consumption relatively less, even during periods of high exchange rates. This suggests that the negative impact on household consumption is less severe even when the exchange rate surges. Choi Young-jun, a researcher at the Bank of Korea’s Economic Research Institute, announced the results of his st…
(Seoul = Yonhap News) Reporter Han Ji-hoon = A study by the Bank of Korea released on the 1st found that the impact of the sharp rise in exchange rates on household consumption varies by generation.
A survey by the Bank of Korea found that the more experience there is with sharp exchange rate fluctuations, the more limited the negative impact on household consumption during such periods is.
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
