Working Papers

[2]  "Price Discovery via long-run forecast" (Original Version 2021) with Scott Linn (OU)

[1]  "Empirical Asset Pricing with Bayesian Regression Trees" (Original Version 2021) with Drew Creal (U of Notre Dame), [wp version] [online appendix]

Publications in Refereed Journal

[13]  "Bayesian estimation of block covariance matrices" with Drew Creal (U of Notre Dame), Journal of Econometrics (forthcoming) [published version] [wp version with online appendix] 

[12]  "The Structural Shifts in Bitcoin’s Role as a Predictor of the KOSPI Index "with Sangmin Park (undergraduate student), Journal of APEC Studies (2023) [published version]

[11]  "Non-Markovian Regime-Switching Models "with CJ Kim (UW), Journal of Economic Theory and Econometrics (2023) [published version]

[10]  "Logistic regression model for a bivariate binomial distribution with applications in baseball data analysis "with Yewon Han (graduate student), Hon Keung Tony Ng (Bentley U), Seong W. Kim (Hanyang U-ERICA), Entropy (2022) [published version]

[9]  "Price Discovery under model uncertainty" with Scott Linn (OU), Energy Economics (2022) [wp version] [published version] 

[8] "Bayesian Estimation of the Long-run Trend of the U.S. Economy" with Sora Chon (KDI), Empirical Economics (2022)  [wp version] [published version]   

[7] “Trend-cycle Decompositions of Real GDP Revisited: Classical and Bayesian Perspectives on an Unsolved Puzzle,” with CJ Kim (UW), Macroeconomic Dynamics (2022) [wp version] [published version]

[6] “Does the Financial Leverage Effect Depend on Volatility Regimes?” with Sora Chon (KDI), Finance Research Letters (2021) [wp version] [published version] 

[5] "Hidden group patterns in democracy developments: Bayesian inference for grouped heterogeneity."  with Le Wang (OU),  Journal of Applied Econometrics (2019) [wp version] [published version] [online appendix] [replication files]

[4] “Heterogeneous Endogeneity” with Kevin Grier (OU) and Pallab Ghosh (OU), Statistical Papers (2021)  [wp version] [published version]

[3] "An efficient sequential learning algorithm in regime-switching environments." with Sunhyung Lee (graduate student), Studies in Nonlinear Dynamics & Econometrics (2019). [published version]

[2] "Why are Bayesian Trend-cycle Decompositions of U.S.Real GDP so Different?" with Sora Chon (KDI), Empirical Economics (2020)  [wp version] [published version]

[1] "Bayesian Inference of Regime-Switching ARMA Models with Absorbing States: Dynamics of Ex-Ante Real Interest Rate under Structural Breaks" with C-J Kim (UW),  Journal of Business and Economic Statistics (2015) [published version] [replication files]

Working in Progress

[2]  "Nowcasting for the Korean economy" 

[1]  "Variable selection in regime switching models" with Salimeh Abedini Birang (U of Oklahoma)