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, October 2025.
When Is the Trend the Cycle? (with Dan Cao and Jean-Paul L'Huillier). Working Paper, March 2025.
Revise and resubmit in Journal of Economic Theory
What Is Consumer Confidence? (with Jean-Paul L'Huillier, and Robert Waldmann). Working paper, December 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.