CV
PROFESSIONAL EXPERIENCE:
September 2015-Current Division of Research and Statistics, Federal Reserve Board
- August 2018 - Current : Current Macroeconomic Conditions section
- September 2015 - July 2018 : Labor Market section
2004 – 2009 Bank of Korea
- Research Department: Inflation Forecasting
- Monetary Policy Committee Division
- International Department: Research on exchange rates/capital flows
OTHER APPOINTMENT:
2024 - Current : Member, Conference on Research in Income and Wealth (CRIW) in National Bureau of Economic Research
2021 : The H.O. Stekler Research Program on Forecasting (Review the BLS' methods of employment projection)
2019 : Ad-hoc member of Michgan Technological University's Graduate Faculty (Department of Mathematical Sciences)
FIELD OF RESEARCH:
Macroeconomics, Labor market, Time series econometrics, Forecasting, Nowcasting
EDUCATION:
2009 – 2015 Ph. D. in Economics, University of California, San Diego (Advisor: James D. Hamilton)
2010 M.A. in Economics, University of California, San Diego
2004 B.A. in Business Administration, Seoul Nat’l University, Magna Cum Laude
TEACHING EXPERIENCE:
Fall 2009- Spring 2015 Teaching Assistant, UCSD
- Undergraduate Level Macroeconomics, Monetary Economics, Economic Stabilization, Corporate Finance, Asset Pricing, Public Policy
- Graduate Level Behavioral Finance (Master in finance/ MBA)
HONORS, SCHOLARSHIPS, AND FELLOWSHIPS:
2023 2023 Division Director Award (R&S Division, Federal Reserve Board)
2020 Award (R&S Division, Federal Reserve Board) for the exceptional contributions during the Covid-19 crisis.
2009-2015 Tuition Scholarship, Department of Economics, UCSD
Summer 2012-2014 Summer Research Grant, UCSD
Winter 2013-Spring 2013 Cphil Fellowship, UCSD
2012 Seoul National University Alumni Association Scholarship
Winter 2012 Clive Granger Research Fellowship, UCSD
2010, 2011 Summer Graduate Research Fellowship, UCSD
2008 Governor’s Prize for the outstanding staff, Bank of Korea
2006 2nd place, Research Competition 2006, Bank of Korea “Korean Inflation Dynamics: From the approach of the New Keynesian Phillips Curve” (Coauthored with Jin Hyuk Yoo)
1999-2003 Tuition Scholarship, Seoul National University
PUBLICATION:
“Heterogeneity and Unemployment Dynamics,” (2020) with James D. Hamilton, Journal of Business and Economic Statistics.
“The Cyclicality of On-the-job Search Effort” (2021) with Ling Shao, The B.E. Journal of Macroeconomics.
“Measuring Labor-Force Participation and the Incidence and Duration of Unemployment,” (2022) with James D. Hamilton, Review of Economic Dynamics.
“The Role of Observed and Unobserved Heterogeneity in the Duration of Unemployment,” (2022) Journal of Applied Econometrics
“A New Indicator of Common Wage Inflation,” (2023) with Han Chen and Michael Kister, Journal of Money, Credit, and Banking
"Duration Structure of Unemployment Hazards and the Trend Unemployment Rate," (2023) Journal of Economic Dynamics and Control
PROFESSIONAL PUBLICATIONS:
“Common Inflation Expectations,” (2020) with Chad Fulton, FEDS notes.
“A New Indicator of Common Wage Inflation,” (2020) with Han Chen and Michael Kister, FEDS notes.
“Factors in Unemployment Dynamics,” (2019) with James D. Hamilton, FEDS notes.
“Recent Global Carry Trades and Implication on Monetary Policy,” (2009) (coauthored with Seung Ho Lee) : appeared in the first chapter of "Anaysis and Implication of Global Carry Trades (2009)", Bank of Korea
“Korean Inflation Dynamics: From the approach of the New Keynesian Phillips Curve,” (2006) (coauthored with Jin Hyuk Yoo): 2nd Place, appeared in "Awarded papers from the Bank of Korea Research Competition 2006"
“The Effects of Market Concentration on Inflation and Output,” (2004) (coauthored with Seung Won Kim) Monthly Bulletin, Bank of Korea, 2004.5
COMPUTER SKILLS:
Matlab, R, SAS, STATA, GAUSS, RATS, E-views, Latex, Dynare, MS-SQL Server
PROFESSIONAL ACTIVITIES:
Member: American Economic Association, Econometric Society, Conference on Research in Income and Wealth in NBER.
Referee: American Economic Review, American Economic Journal--Macroeconomics, American Economic Journal--Insight, Quarterly Journal of Economics, Journal of Political Economy, Review of Economic Studies, Review of Economic Dynamics, International Economic Review, Journal of Human Resources, Journal of Applied Econometrics, B.E. Journal of Macroeconomics, Journal of Business and Economic Statistics, Economic Journal.
CONFERENCE ORGANIZATION:
"Labor Market Dynamics and the Macroeconomy: Theory and Evidence" at the Federal Reserve Board (May 18th-19th, 2017)
"First DC Search and Matching Workshop" at the Federal Reserve Board (April 11st-12nd, 2019)
LAST UPDATED: 01/14/2024.
A door in spring. taken by JW. @ Haenam in Korea