DONGHOON YOO
DONGHOON YOO
Associate Professor
Department of Economics
Korea University
Contact: donghoonyoo at gmail.com
Associate Professor
Department of Economics
Korea University
Contact: donghoonyoo at gmail.com
Behavioral Expectations under Indeterminacy: An Empirical Evaluation, with Yasuo Hirose (January 2026)
Overreaction in Expectations under Signal Extraction: Experimental Evidence, with John Duffy & Nobuyuki Hanaki (October 2025)
R&R JME
When Is the Trend the Cycle? with Dan Cao & Jean-Paul L'Huillier (March 2025)
R&R JET
What Is Consumer Confidence? with Jean-Paul L'Huillier & Robert Waldmann (December 2022)
Overreaction and Macroeconomic Fluctuation of the External Balance, with Seunghoon Na.
Journal of Monetary Economics, 151, 103750, April 2025.
How to Interpret Consumer Confidence Shocks? State-level Evidence, with Sangyup Choi & Jaehun Jeong.
Economics Letters, 244, 111985, November 2024.
The supplementary online appendix can be found here.
Incorporating Diagnostic Expectations into the New Keynesian Framework, with Jean-Paul L'Huillier & Sanjay R. Singh.
Review of Economic Studies, 91 (5), pp. 3013–3046, October 2024.
The supplementary online appendix can be found here.
News or Animal Spirits? Consumer Confidence and Economic Activity: Redux, with Sangyup Choi, Jaehun Jeong & Dohyeon Park.
Journal of Applied Econometrics (replication section), 39 (5), pp. 960–966, 2024.
Statistics and Common Sense, with Nobuyuki Hanaki & 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 & Robert Waldmann.
Journal of Macroeconomics, 72, 103412, June 2022.
Ambiguous Information, Permanent Income, and Consumption Fluctuations.
European Economic Review, 119, pp. 79–96, October 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), pp. 1491–1502, September 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, pp. 79–98, August 2017.
The replication kit is here.