S. Korea Needs to Act Boldly to Avoid Deflation: Krugman

SEOUL, Sept. 9 (Korea Bizwire) — South Korea needs to act boldly to avoid deflation, a Nobel Prize-winning economist said Monday, as Asia’s fourth-largest economy has plenty of fiscal space and favorable budget positions. Paul Krugman, an economics professor at the City University of New York’s Graduate Center, said South Korea should undertake fiscal stimulus. [...]