Soon Ryoo

Associate Professor
Department of Finance and Economics 
Adelphi University
, NY, U.S.A.
sryoo [at]
Education Ph.D.(2009) in Economics, University of Massachusetts Amherst; MA and BA in Economics, Korea University

Research Interest Growth and Distribution; Fiscal Policy and Public Debt; Financial Instability; Macroeconomics of Corporate and Household Debt; Uneven Development


  1. Ryoo, S. Inequality of Income and Wealth in the Long Run: a Kaldorian Perspective. Forthcoming in Metroeconomica. Preprint
  2. Ryoo, S. Demand-Driven Inequality, Endogenous Saving Rate, and Macroeconomic Instability. Forthcoming in Cambridge Journal of EconomicsPreprint
  3. Ryoo, S. and Kim, Y. K. (2014). Income Distribution, Consumer Debt and Keeping Up with the Joneses. Metroeconomica 65(4), 585-618. WP version
  4. Skott, P. and Ryoo, S. (2014). Public Debt in an OLG Model with Imperfect Competition: Long-Run Effects of Austerity Programs and Changes in the Growth Rate, The B.E. Journal of Macroeconomics 14(1), Contributions, 533-552. WP Version
  5. Ryoo, S. (2013). Bank Profitability, Leverage and Financial Instability. Cambridge Journal of Economics 37(5), 1127-1160. Preprint
  6. Ryoo, S. and Skott, P. (2013), Public Debt and Full Employment in a Stock-Flow Consistent Model of a Corporate Economy. Journal of Post Keynesian Economics 35(4), 511-527. WP version
  7. Ryoo, S. (2013). Minsky Cycles in Keynesian Models of Growth and Distribution. Review of Keynesian Economics 1(1), 37-60. Preprint
  8. Ryoo, S. (2013). The Paradox of Debt and Minsky’s Financial Instability Hypothesis. Metroeconomica 64(1), 1-24. Preprint
  9. Ryoo, S. (2011). Banks with Market Power, Sectoral Structure and the Big Push. Journal of Economics 103(1), 1-38. Preprint
  10. Ryoo, S. (2010). Long Waves and Short Cycles in a Model of Endogenous Financial Fragility. Journal of Economic Behavior and Organization 74(3), 163-186. WP version
  11. Ryoo, S. and Skott, P. (2008). Financialization in Kaleckian Economies With and Without Labor ConstraintsEuropean Journal of Economics and Economic Policies. Intervention 5(2), 357-386. WP version
  12. Skott, P. and Ryoo, S. (2008). Macroeconomic Implications of Financialisation. Cambridge Journal of Economics 32(6), 827-862. WP version

Working Papers