Working Papers (drafts available upon request)
[5] Trilemma versus Dilemma: Monetary Autonomy and Long-term Interest Rate Independence (with Soyoung Kim)
[4] Exchange Rate Stability and Monetary Policy in Canada: A Markov-switching DSGE Approach (with Joonyoung Hur)
[3] Fear of Appreciation and Current Account Adjustment (with Paul R. Bergin, Ju Hyun Pyun)
[2] Foreign Aid, Exchange Rate, and Agricultural Trade in Developing Countries (with Sunghun Lim)
[1] Whom is Economic Aid Meant for? The Push vs. Pull Determinant Factors of Official Development Assistance (with Yunji Jung, Juno Kim)
(Selected) Work in Progress
[2] Determinants and Effects of Central Bank's Swap Lines (중앙은행 통화스왑 결정요인 및 효과분석)
[1] Analysis of the effect of US monetary policy on foreign portfolio investment in Korea
Publications in Social Science Citation Index (SSCI) Journals
[8] Effect of News and Noise Shocks of U.S. Monetary Policy on Economic Fluctuations in Emerging Market Economies (with Wongi Kim), Canadian Journal of Economics, 55(4): 1862-1893, 2022 [Link]
[7] Time-varying Effect of Monetary Policy on Capital Flows in Korea (with Joonyoung Hur), Pacific Economic Review, 1-21, 2022 [Link]
[6] Does Debt Market Integration Amplify the International Transmission of Business Cycles During Financial Crises? (with Jiyoun An, Ju Hyun Pyun) Journal of International Money and Finance, 115: 44–61, 2021 [Link]
[5] Effect of Export Credit Insurance on Export Performance: An Empirical Analysis of Korea (with Hyelin Choi), Asian Economic Journal, 35(4): 413-433, 2021 [Link]
[4] An analysis of Macro Aspects Caused by Protectionism in Korea (with Yuri Kim), Journal of Korea Trade, 25(1): 1-17, 2021 [Link]
[3] Push vs. Pull Factors of Capital Flows Revisited: A Cross-country Analysis (with Tae Soo Kang), Asian Economic Papers, 18(1): 39–60, 2019 [Link]
[2] Exchange Rate Regime and International Transmission of Business Cycles: Capital Account Openness Matters (with Ju Hyun Pyun), Journal of International Money and Finance, 87: 44–61, 2018 [Link]
[1] Exchange Rate Flexibility, Financial Market Openness and Economic Growth (with Il Houng Lee), Asian Economic Papers, 17(1): 145–162, 2018 [Link]
Publications in Korean Citation Index (KCI) Journals
[7] An Analysis of Global House Price using Decision Tree Model (의사결정트리를 활용한 글로벌 부동산 가격 분석), The Journal of Social Science (사회과학연구), 29(1): 107-122, 2022
[6] The Effect of Capital Flow Management Measures in Korea using Synthetic Control Method (통제집단합성법을 사용한 한국의 자본이동관리정책에 대한 효과 분석), Journal of Market Economy (시장경제연구), 51(1): 29-47, 2022
[5] Financial Market Integration and Income Inequality (with Jae Wook Jung), East Asian Economic Review, 25(2): 175-203, 2021
[4] The Impact of Residents’ Foreign Portfolio Investment on Swap and Exchange Rates (거주자 해외증권투자가 스왑레이트 및 환율에 미치는 영향) (with Tae Soo Kang), Journal of Market Economy (시장경제연구), 49(2): 55-82, 2020
[3] Determinants of Foreign Currency Deposit and its Link to Exchange Rate Volatility (외화예금 결정요인 및 환율변동성과의 관련성 분석) (with Tae Soo Kang), Review of International Money and Finance (국제금융연구), 10(1): 5-36, 2020
[2] Housing Bubble and Financial Crisis: A Panel Analysis (주요 선진국 부동산 버블과 금융위기 간의 관계: 글로벌 패널자료 분석을 중심으로), Review of International Money and Finance (국제금융연구), 8(2): 5-32, 2018
[1] Redefining Liquidity for Monetary Policy (with Il Hong Lee, Won Shim), East Asian Economic Review, 22(3): 307-336, 2018
Books
[11] The Policy Direction of International Organizations on Immovable Property Tax and Its Impact on the Macro Economy (국제사회의 부동산 보유세 논의 방향과 거시경제적 영향 분석) (with Young Sik Jeong, Eunjung Kang, Jinhee Lee, Jeehye Kim), KIEP Policy Analyses, 21-17, 2021 [Link]
[10] Korea’s Macroprudential Policies for Cross-border Capital Flows: Accomplishments and Road to Improvement (대외부문 거시건전성 정책 10년의 성과와 개선방안) (with Sungbae An, Tae Soo Kang, Eunjung Kang), KIEP Policy Analyses, 20-18, 2020 [Link]
[9] Stress Testing - Principles, Concepts, and Frameworks (Editors: Li Lean One and Andreas A. Jobst), International Monetary Fund, 2020 [Link]
[8] Studies on the Economic Effects of Protectionist Policies and the Implications (신보호무역주의정책의 경제적 영향과 시사점) (with Jong Duk Kim , Yeo Joon Yoon, Hyuk Ju Kwon, Minchirl Chung, Yuri Kim, Unjung Whang, Wongi Kim), KIEP Policy Analyses, 19-13, 2019 [Link]
[7] The Impact of the Residents’ Foreign Portfolio Investments on Foreign Exchange Market (내국인 해외증권투자 확대가 외환시장에 미치는 영향) (with Tae Soo Kang, Young Sik Jeong, Eunjung Kang), KIEP Policy Analyses, 19-10, 2019 [Link]
[6] The Role of Foreign Currency Deposits and Its Policy Implications (외화예금의 역할과 정책적 시사점) (with Tae Soo Kang, Da Young Yang) KIEP Policy References, 19-05, 2019 [Link]
[5] International Transmission of US Monetary Policy: Role of News and Noise Information (미국 통화정책의 국제전이: 뉴스와 노이즈 효과 분석을 중심으로) (with Wongi Kim), KIEP Policy Analyses, 18-04, 2018 [Link] ,
[4] The US Monetary Policy Normalization: The Impact on Korean Financial Market and Capital Flows (미국 통화정책이 국내 금융시장에 미치는 영향 및 자본유출입 안정화방안) (with Tae Soo Kang, Hyunduk Suh, Eunjung Kang), KIEP Policy Analyses, 18-04, 2018 [Link]
[3] A Diagnosis of Bubble Risk in the Global Real Estate Sector and Prospective Impacts on Financial Crises (글로벌 부동산 버블 위험 진단 및 영향 분석) (with Young Sik Jeong, Hyosang Kim, Dayoung Yang, Eunjung Kang), KIEP Policy Analyses, 18-01, 2018 [Link]
[2] The Effect of Financial Market Integration on Monetary Policy and Long-term Interest Rate in Korea and Its Policy Implications(국제금융시장 통합이 한국 통화정책과 장기금리에 미치는 영향 및 정책 시사점) (with Soyoung Kim, Da Young Yang, Eunjung Kang), KIEP Policy Analyses, 17-11, 2017 [Link]
[1] A Study on the Relationship Between Financial Structure of Korean Firm and Exports (수출기업의 금융구조와 수출 간의 관계에 관한 연구) (with Hyelin Choi, Eunjung Kang), KIEP Policy Analyses, 16-02, 2016 [Link]
[5] Trilemma versus Dilemma: Monetary Autonomy and Long-term Interest Rate Independence (with Soyoung Kim)
[4] Exchange Rate Stability and Monetary Policy in Canada: A Markov-switching DSGE Approach (with Joonyoung Hur)
[3] Fear of Appreciation and Current Account Adjustment (with Paul R. Bergin, Ju Hyun Pyun)
[2] Foreign Aid, Exchange Rate, and Agricultural Trade in Developing Countries (with Sunghun Lim)
[1] Whom is Economic Aid Meant for? The Push vs. Pull Determinant Factors of Official Development Assistance (with Yunji Jung, Juno Kim)
(Selected) Work in Progress
[2] Determinants and Effects of Central Bank's Swap Lines (중앙은행 통화스왑 결정요인 및 효과분석)
[1] Analysis of the effect of US monetary policy on foreign portfolio investment in Korea
Publications in Social Science Citation Index (SSCI) Journals
[8] Effect of News and Noise Shocks of U.S. Monetary Policy on Economic Fluctuations in Emerging Market Economies (with Wongi Kim), Canadian Journal of Economics, 55(4): 1862-1893, 2022 [Link]
[7] Time-varying Effect of Monetary Policy on Capital Flows in Korea (with Joonyoung Hur), Pacific Economic Review, 1-21, 2022 [Link]
[6] Does Debt Market Integration Amplify the International Transmission of Business Cycles During Financial Crises? (with Jiyoun An, Ju Hyun Pyun) Journal of International Money and Finance, 115: 44–61, 2021 [Link]
[5] Effect of Export Credit Insurance on Export Performance: An Empirical Analysis of Korea (with Hyelin Choi), Asian Economic Journal, 35(4): 413-433, 2021 [Link]
[4] An analysis of Macro Aspects Caused by Protectionism in Korea (with Yuri Kim), Journal of Korea Trade, 25(1): 1-17, 2021 [Link]
[3] Push vs. Pull Factors of Capital Flows Revisited: A Cross-country Analysis (with Tae Soo Kang), Asian Economic Papers, 18(1): 39–60, 2019 [Link]
[2] Exchange Rate Regime and International Transmission of Business Cycles: Capital Account Openness Matters (with Ju Hyun Pyun), Journal of International Money and Finance, 87: 44–61, 2018 [Link]
[1] Exchange Rate Flexibility, Financial Market Openness and Economic Growth (with Il Houng Lee), Asian Economic Papers, 17(1): 145–162, 2018 [Link]
Publications in Korean Citation Index (KCI) Journals
[7] An Analysis of Global House Price using Decision Tree Model (의사결정트리를 활용한 글로벌 부동산 가격 분석), The Journal of Social Science (사회과학연구), 29(1): 107-122, 2022
[6] The Effect of Capital Flow Management Measures in Korea using Synthetic Control Method (통제집단합성법을 사용한 한국의 자본이동관리정책에 대한 효과 분석), Journal of Market Economy (시장경제연구), 51(1): 29-47, 2022
[5] Financial Market Integration and Income Inequality (with Jae Wook Jung), East Asian Economic Review, 25(2): 175-203, 2021
[4] The Impact of Residents’ Foreign Portfolio Investment on Swap and Exchange Rates (거주자 해외증권투자가 스왑레이트 및 환율에 미치는 영향) (with Tae Soo Kang), Journal of Market Economy (시장경제연구), 49(2): 55-82, 2020
[3] Determinants of Foreign Currency Deposit and its Link to Exchange Rate Volatility (외화예금 결정요인 및 환율변동성과의 관련성 분석) (with Tae Soo Kang), Review of International Money and Finance (국제금융연구), 10(1): 5-36, 2020
[2] Housing Bubble and Financial Crisis: A Panel Analysis (주요 선진국 부동산 버블과 금융위기 간의 관계: 글로벌 패널자료 분석을 중심으로), Review of International Money and Finance (국제금융연구), 8(2): 5-32, 2018
[1] Redefining Liquidity for Monetary Policy (with Il Hong Lee, Won Shim), East Asian Economic Review, 22(3): 307-336, 2018
Books
[11] The Policy Direction of International Organizations on Immovable Property Tax and Its Impact on the Macro Economy (국제사회의 부동산 보유세 논의 방향과 거시경제적 영향 분석) (with Young Sik Jeong, Eunjung Kang, Jinhee Lee, Jeehye Kim), KIEP Policy Analyses, 21-17, 2021 [Link]
[10] Korea’s Macroprudential Policies for Cross-border Capital Flows: Accomplishments and Road to Improvement (대외부문 거시건전성 정책 10년의 성과와 개선방안) (with Sungbae An, Tae Soo Kang, Eunjung Kang), KIEP Policy Analyses, 20-18, 2020 [Link]
[9] Stress Testing - Principles, Concepts, and Frameworks (Editors: Li Lean One and Andreas A. Jobst), International Monetary Fund, 2020 [Link]
[8] Studies on the Economic Effects of Protectionist Policies and the Implications (신보호무역주의정책의 경제적 영향과 시사점) (with Jong Duk Kim , Yeo Joon Yoon, Hyuk Ju Kwon, Minchirl Chung, Yuri Kim, Unjung Whang, Wongi Kim), KIEP Policy Analyses, 19-13, 2019 [Link]
[7] The Impact of the Residents’ Foreign Portfolio Investments on Foreign Exchange Market (내국인 해외증권투자 확대가 외환시장에 미치는 영향) (with Tae Soo Kang, Young Sik Jeong, Eunjung Kang), KIEP Policy Analyses, 19-10, 2019 [Link]
[6] The Role of Foreign Currency Deposits and Its Policy Implications (외화예금의 역할과 정책적 시사점) (with Tae Soo Kang, Da Young Yang) KIEP Policy References, 19-05, 2019 [Link]
[5] International Transmission of US Monetary Policy: Role of News and Noise Information (미국 통화정책의 국제전이: 뉴스와 노이즈 효과 분석을 중심으로) (with Wongi Kim), KIEP Policy Analyses, 18-04, 2018 [Link] ,
[4] The US Monetary Policy Normalization: The Impact on Korean Financial Market and Capital Flows (미국 통화정책이 국내 금융시장에 미치는 영향 및 자본유출입 안정화방안) (with Tae Soo Kang, Hyunduk Suh, Eunjung Kang), KIEP Policy Analyses, 18-04, 2018 [Link]
[3] A Diagnosis of Bubble Risk in the Global Real Estate Sector and Prospective Impacts on Financial Crises (글로벌 부동산 버블 위험 진단 및 영향 분석) (with Young Sik Jeong, Hyosang Kim, Dayoung Yang, Eunjung Kang), KIEP Policy Analyses, 18-01, 2018 [Link]
[2] The Effect of Financial Market Integration on Monetary Policy and Long-term Interest Rate in Korea and Its Policy Implications(국제금융시장 통합이 한국 통화정책과 장기금리에 미치는 영향 및 정책 시사점) (with Soyoung Kim, Da Young Yang, Eunjung Kang), KIEP Policy Analyses, 17-11, 2017 [Link]
[1] A Study on the Relationship Between Financial Structure of Korean Firm and Exports (수출기업의 금융구조와 수출 간의 관계에 관한 연구) (with Hyelin Choi, Eunjung Kang), KIEP Policy Analyses, 16-02, 2016 [Link]