Donghoon Yoo
Associate Professor of Economics
Department of Economics
Korea University
Research
Behavioral Expectations under Indeterminacy: An Empirical Evaluation, with Yasuo Hirose, CAMA Working Paper 2/2026, January 2026.
Overreaction in Expectations under Signal Extraction: Experimental Evidence, with John Duffy and Nobuyuki Hanaki, ISER Discussion Paper No. 1293, October 2025. (Revise and resubmit, JME)
When Is the Trend the Cycle? with Dan Cao and Jean-Paul L'Huillier, March 2025. (Revise and resubmit, JET)
What Is Consumer Confidence? with Jean-Paul L'Huillier and Robert Waldmann, December 2022.
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 and Jaehun Jeong, Economics Letters, 244, November 2024, 111985. [Online Appendix]
Incorporating Diagnostic Expectations into the New Keynesian Framework, with Jean-Paul L'Huillier and Sanjay R. Singh, Review of Economic Studies, 91 (5), October 2024, 3013–3046. [Online Appendix]
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), August 2024, 960–966.
Statistics and Common Sense, with Nobuyuki Hanaki and Jan Magnus, Journal of Statistics and Data Science Education, 31 (3), 2023, 295–304. [Supplementary Material]
Ambiguous Economic News and Heterogeneity: What Explains Asymmetric Consumption Responses? with Luisa Corrado, Edgar Silgado-Gómez, and 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 Code]
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 Code]