Donghoon Yoo

Associate Professor,
Department of Economics,
Korea University
Ph.D. in Economics, University of Rome Tor Vergata, 2015




Research:

Overreaction in Expectations under Signal Extraction: Experimental Evidence with John Duffy & Nobuyuki Hanaki
July 2026
(revise and resubmit, JME)

Behavioral Expectations under Indeterminacy: An Empirical Evaluation with Yasuo Hirose
May 2026
(revision requested, QE)

What Is Consumer Confidence? with Jean-Paul L'Huillier & Robert Waldmann
December 2022

When Is the Trend the Cycle with Dan Cao Jean-Paul L'Huillier
Journal of Economic Theory 237, October 2026, 106228
[Online Appendix] 

Overreaction and Macroeconomic Fluctuation of the External Balance with Seunghoon Na
Journal of Monetary Economics 151, April 2025, 103750

How to Interpret Consumer Confidence Shocks? State-level Evidence with Sangyup Choi & Jae Hun Jeong
Economics Letters 244, November 2024, 111985
[Online Appendix] 

Incorporating Diagnostic Expectations into the New Keynesian Framework with Jean-Paul L'Huillier & Sanjay R. Singh
Review of Economic Studies 91 (5), October 2024, 3013–3046
[Online Appendix, Replication Kit] 

News or Animal Spirits? Consumer Confidence and Economic Activity: Redux with Sangyup Choi, Jae Hun Jeong & Dohyeon Park
Journal of Applied Econometrics (replication section) 39 (5), August 2024, 960–966

Statistics and Common Sense with Nobuyuki Hanaki & Jan Magnus
Journal of Statistics and Data Science Education 31 (3), 2023, 295–304
[Replication Kit]

Ambiguous Economic News and Heterogeneity: What Explains Asymmetric Consumption Responses? with Luisa Corrado, Edgar Silgado-Gómez & Robert Waldmann
Journal of Macroeconomics 72, June 2022, 103412 

Ambiguous Information, Permanent Income, and Consumption Fluctuations
European Economic Review 119, October 2019, 79–96
[Online Appendix]

Where Is the GE? Consumption Dynamics in DSGEs with Jean-Paul L'Huillier
Journal of Money, Credit and Banking 51 (6), September 2019, 1491–1502
[Replication Kit]

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, August 2017, Pages 79–98
[Replication Kit]


Teaching (Korea University):

ECON335 International Finance
ECON465 Behavioral Finance


Contact:

Department of Economics,
Korea University,
145 Anam-ro, Seongbuk-gu, Seoul 02841, Korea (Rep)
donghoonyoo@korea.ac.kr, CV

Office

College of Political Science & Economics Building 609, Korea University



© 2026 Donghoon Yoo.