[28] "Does the Uncovered Interest Parity Hold Better in Korea?" joint with Kwanho Shin, Journal of International Money and Finance, 2026, 160, 103470.
[27] "What Do We Know about Estimating Government Spending Multipliers?" joint with Taewoong Jo and Jihye Kang, Journal of Macroeconomics, 2025, 86, 103721.
[26] "Analyzing the Effects of Government Spending Shocks: A Large VAR Approach" joint with Se Hun Kim, Bank of Korea Economic Analysis (in Korean, Lead Article), 2025, 31(1), 1-42.
[25] "Relative Effectiveness of Monetary Policy Transmission Channels in Korea Using Bayesian VAR Models" joint with Noh-Sun Kwark, Kukje Kyungje Yongu (in Korean), 2024, 30(4), 61-101.
[24] "Macroeconomic Effects of Fiscal Policy by Constructing an Alternative Government Spending Variable" joint with Se Hun Kim, Panel for Korean Economic Analysis (in Korean), 2024, 30(3), 65-112.
[23] "Changes in the Relationship between the Labor Market Situation and Inflation of Korea" joint with Minsok Chae, KDI Journal of Economic Policy (in Korean), 2024, 46(4), 93-125.
[22] "Optimal Monetary Policy System for Both Macroeconomics and Financial Stability" joint with Hyoung Seok Oh, KDI Journal of Economic Policy (in Korean), 2024, 46(1), 91-129.
[21]"Effect of Monetary Policy on Government Spending Multiplier" joint with Jong-Suk Han, B.E. Journal of Macroeconomics, 2022. [Working Paper Version]
[20] "Analysis of Policy Effects by Monetary Policy Operating System" Journal of Insurance and Finance (in Korean), 2022, 33(2), 111-168.
[19] "Time-varying Effect of Monetary Policy on Capital Flows in Korea" joint with Kyunghun Kim, Pacific Economic Review, 2022, 1-21. [Working Paper Version]
[18] "Changes in Population Structure and the Macroeconomy: A Life-cycle Model Approach" Panel for Korean Economic Analysis (in Korean), 2021, 27(2), 73-143.
[17] "Labor Income Share and Economic Fluctuations: A Sign-restricted VAR Approach" Economic Modelling, 2021, 102, Article 105546. [Working Paper Version]
[16] "Macroeconomic Effects of Monetary Policy in Korea: A Time-varying Coefficient VAR Approach" joint with Jong-Suk Han, Economic Modelling, 2020, 89, 142-152. [Working Paper Version]
[15] "Understanding the Effects of Unanticipated Future Monetary Policy Shocks" Journal of Insurance and Finance, 2020, 31(1), 3-52.
[14] "Multipliers of Expected vs. Unexpected Fiscal Shocks: The Case of Korea" joint with Wooheon Rhee, Economic Modelling, 2020, 85, 244-254. [Working Paper Version]
[13] "Bad Luck, Bad Policy, and Learning? A Markov-Switching Approach to Understanding Postwar U.S. Macroeconomic Dynamics" joint with Gabriela Best, European Economic Review, 2019, 119, 55-78. [Working Paper Version] [Companion Appendix]
[12] "Measuring the Impact of Population Aging on Tax Revenue: Evidence from Japan and Korea" joint with Kang Koo Lee, Journal of Economic Theory and Econometrics, 2019, 30(1), 1-32.
[11] "Time-varying Information Rigidities and Fluctuations in Professional Forecasters' Disagreement" Economic Modelling, 2018, 75, 117-131. [Working Paper Version]
[10] "Monetary Policy and Asset Prices: A Markov-switching DSGE Approach" Journal of Applied Econometrics, 2017, 32, 965-982. [Working Paper Version]
[9] "Fiscal Financing and the Efficacy of Fiscal Policy in Korea: An Empirical Assessment with Comparison to the U.S. Evidence" joint with Kang Koo Lee, Economic Modelling, 2017, 64, 473-486. [Working Paper Version]
[8] "Assessment of Hybrid Phillips Curve Specifications" joint with Marcelle Chauvet and Insu Kim, Economics Letters, 2017, 156, 53-57.
[7] "Inattentive Agents and Disagreement about Economic Activity" joint with Insu Kim, Economic Modelling, 2017, 63, 175-190 [Working Paper Version]
[6] "Fiscal Multipliers of Korea: A Bayesian VAR Approach" joint with Kang Koo Lee, Bank of Korea Economic Analysis (in Korean), 2017, 23(1), 55-81.
[5] "Information Rigidities in Survey Data: Evidence from Dispersion in Forecasts and Forecast Revisions" joint with Insu Kim, Economics Letters, 2016, 142, 10-14. [Working Paper Version]
[4] "Financial Openness, The Financial Accelerator and Sectoral Dynamics" joint with Emmanuel K. K. Lartey, International Review of Economics and Finance, 2016, 42, 277-290. [Working Paper Version]
[3] "Dissecting the Effects of Terms of Trade Shocks on the Korean Economy" joint with Jinho Choi and Manho Kang, Emerging Markets Finance and Trade, 2017, 53, 1199-1216.
[2] "News and Business Cycles for Korea" Journal of Economic Theory and Econometrics, 2015, 26, 44-82.
[1] "An Examination of Macroeconomic Fluctuations in Korea Exploiting a Markov-Switching DSGE Approach" joint with Jinho Choi, Economic Modelling, 2015, 51, 183-199. [Working Paper Version]