Peer-reviewed Publications

Incorporating Diagnostic Expectations into the New Keynesian Framework, with Jean-Paul L’Huillier & Sanjay R. Singh. Forthcoming, Review of Economic Studies.

Statistics and Common Sense, with Nobuyuki Hanaki & Jan Magnus, 2023, Journal of Statistics and Data Science Education, 31(3), 295-304. The supplementary material is available here.

Ambiguous Economic News and Heterogeneity: What Explains Asymmetric Consumption Responses? with Luisa Corrado, Edgar Silgado-Gómez, and Robert Waldmann, June 2022, Journal of Macroeconomics, 72. 

Ambiguous Information, Permanent Income, and Consumption Fluctuations, October 2019, European Economic Review, 119, 79-96. The supplementary online appendix can be found here. 

Where Is the GE? Consumption Dynamics in DSGEs, with Jean-Paul L'Huillier, September 2019, Journal of Money, Credit and Banking, 51(6):1491–1502. This paper was previously circulated under "The New Keynesian Model and the Small Open Economy RBC Model: Equivalence Results for Consumption." An older version of the paper can be found here. The replication kit is available here.

Bad News in the Great Depression, the Great Recession, and Other U.S. Recessions: A Comparative Study, with Jean-Paul L'Huillier, August 2017, Journal of Economic Dynamics and Control, 81: 79–98. The replication kit is available here.

Working Papers 

Overreaction and Macroeconomic Fluctuation of the External Balance, with Seunghoon Na.

News or Animal Spirits? Consumer Confidence and Economic Activity: Redux, with Sangyup Choi, Jaehun Jeong & Dohyeon Park. (revision requested, Journal of Applied Econometrics)

When Is the Trend the Cycle? with Dan Cao & Jean-Paul L'Huillier.

What Is Consumer Confidence? with Jean-Paul L’Huillier & Robert Waldmann.  This paper previously circulated under "Confidence, Fundamentals, and Consumption."

Research Interests
Primary field: Macroeconomics, Finance
Topics: Information Frictions, Behavioral Finance and Macroeconomics, Business Cycles

CV​

Email: donghoonyoo@gmail.com

Photo: Thingvellir National Park, Iceland  (May 11, 2017)

Last updated: February 19, 2024