DONGHOON YOO
DONGHOON YOO
Associate Professor
Department of Economics
Korea University
Visiting Associate Professor
Institute of Social and Economic Researh (ISER)
Osaka University
Contact: donghoonyoo at gmail.com
Associate Professor
Department of Economics
Korea University
Visiting Associate Professor
Institute of Social and Economic Researh (ISER)
Osaka University
Contact: donghoonyoo at gmail.com
Overreaction in Expectations under Signal Extraction: Experimental Evidence
with John Duffy and Nobuyuki Hanaki
Working Paper, 2025
When Is the Trend the Cycle?
with Dan Cao and Jean-Paul L'Huillier
Working Paper, 2024
(Revise and resubmit in Journal of Economic Theory)
What Is Consumer Confidence?
with Jean-Paul L'Huillier, and Robert Waldmann
Working Paper, 2022.
Overreaction and Macroeconomic Fluctuation of the External Balance
with Seunghoon Na
Journal of Monetary Economics 151, 2025
How to Interpret Consumer Confidence Shocks? State-level Evidence
with Sangyup Choi and Jaehun Jeong
Economics Letters 244, 2024
The supplementary online appendix can be found here.
Incorporating Diagnostic Expectations into the New Keynesian Framework
with Jean-Paul L'Huillier and Sanjay R. Singh
The Review of Economic Studies 91 (5), 2024
The supplementary online appendix can be found here.
News or Animal Spirits? Consumer Confidence and Economic Activity: Redux
with Sangyup Choi, Jaehun Jeong, and Dohyeon Park
Journal of Applied Econometrics (replication section) 39 (5), 2024
Statistics and Common Sense
with Nobuyuki Hanaki and Jan Magnus
Journal of Statistics and Data Science Education 31 (3), 2023
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
Journal of Macroeconomics 72, 2022
Ambiguous Information, Permanent Income, and Consumption Fluctuations
European Economic Review 119, 2019
The supplementary online appendix can be found here.
Where Is the GE? Consumption Dynamics in DSGEs
with Jean-Paul L'Huillier
Journal of Money, Credit and Banking 51 (6), 2019
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
Journal of Economic Dynamics and Control 81, 2017
The replication kit is here.