Publications
The Relationship between Debt and Output (with Jing Zhang), IMF Economic Review, forthcoming
A Multi-Level Factor Model: Asymptotic Theory and Applications (with In Choi, Dukpa Kim, Noh-Sun Kwark), Journal of Applied Econometrics, 33(3), pp. 355-377, May 2018
Capital Mobility in OECD Countries: A Multi-Level Factor Approach to Saving–Investment Correlations (with Sunho Hwang), Economic Modelling, 69, pp. 150-159, January 2018.
Sudden Stops, Limited Enforcement and Optimal Reserves, International Review of Economics and Finance, 51, 273–282, September 2017.
Exchange Rate Exposure for Korean Firms: Export-Oriented versus Domestic-Market-Oriented Firms (with Heejin Gweon), Kukje Kyungje Yongu, 22(3), pp.49–80, September 2016 (in Korean).
Foreign Currency Exposure and Balance Sheet Effects: A Firm-Level Analysis for Korea, Emerging Markets Review, 26, 64–79, March 2016.
Reinvestigating the Delayed Overshooting Puzzle Using Simultaneous Confidence Regions, Journal of the Korean Data Analysis Society, 17(6), 2875–2887, December 2015.
The Impact of foreign liabilities on small firms: Firm-level evidence from the Korean crisis (with Linda Tesar and Jing Zhang), Journal of International Economics, 97(2), 209–230, November 2015.
The Implications of Network Theory Accounting for Korean Business Cycles (with Jiyoon Oh and Mihye Lee), Journal of Korean Economic Analysis, 21(2), 57–104, August 2015.
Decentralized Borrowing and Centralized Default (with Jing Zhang), Journal of International Economics, 88(1), 121–133, September 2012.
How Reliable Are Local Projection Estimators of Impulse Responses? (with Lutz Kilian), Review of Economics and Statistics, 93(4), 1460–1466, November 2011.
Working Papers
International Capital Flows: Private versus Public (with Jing Zhang), submitted
Business Cycle Synchronization in Different Frequencies (with Sunho Hwang), submitted
Global or Country Business Cycles: Developed versus Developing Countries, submitted
Debt and Growth
The Relationship between Debt and Output (with Jing Zhang), IMF Economic Review, forthcoming
A Multi-Level Factor Model: Asymptotic Theory and Applications (with In Choi, Dukpa Kim, Noh-Sun Kwark), Journal of Applied Econometrics, 33(3), pp. 355-377, May 2018
Capital Mobility in OECD Countries: A Multi-Level Factor Approach to Saving–Investment Correlations (with Sunho Hwang), Economic Modelling, 69, pp. 150-159, January 2018.
Sudden Stops, Limited Enforcement and Optimal Reserves, International Review of Economics and Finance, 51, 273–282, September 2017.
Exchange Rate Exposure for Korean Firms: Export-Oriented versus Domestic-Market-Oriented Firms (with Heejin Gweon), Kukje Kyungje Yongu, 22(3), pp.49–80, September 2016 (in Korean).
Foreign Currency Exposure and Balance Sheet Effects: A Firm-Level Analysis for Korea, Emerging Markets Review, 26, 64–79, March 2016.
Reinvestigating the Delayed Overshooting Puzzle Using Simultaneous Confidence Regions, Journal of the Korean Data Analysis Society, 17(6), 2875–2887, December 2015.
The Impact of foreign liabilities on small firms: Firm-level evidence from the Korean crisis (with Linda Tesar and Jing Zhang), Journal of International Economics, 97(2), 209–230, November 2015.
The Implications of Network Theory Accounting for Korean Business Cycles (with Jiyoon Oh and Mihye Lee), Journal of Korean Economic Analysis, 21(2), 57–104, August 2015.
Decentralized Borrowing and Centralized Default (with Jing Zhang), Journal of International Economics, 88(1), 121–133, September 2012.
How Reliable Are Local Projection Estimators of Impulse Responses? (with Lutz Kilian), Review of Economics and Statistics, 93(4), 1460–1466, November 2011.
Working Papers
International Capital Flows: Private versus Public (with Jing Zhang), submitted
Business Cycle Synchronization in Different Frequencies (with Sunho Hwang), submitted
Global or Country Business Cycles: Developed versus Developing Countries, submitted
Debt and Growth