JungJae Park

I am an associate professor in the school of economics at Yonsei University.

Past employment: Assistant professor in the economics department at National University of Singapore (2013-2021).

Ph.D., Economics, University of Wisconsin-Madison, 2013

International Macroeconomics and Finance, Economic Growth and Development.

"Sovereign Default and Capital Accumulation". Journal of International Economics, Vol. 106, May 2017, Pages 119-133.
- Previously circulated as " Sovereign Default Risk and Business Cycles of Emerging Economies"

"Social Norms and Fertility", with Sunha Myong and Junjian Yi, Journal of the European Economic Association, Aug 2021. (link)

"Debauchery and Original Sin: the Currency Composition of Sovereign Debt", with Charles Engel, Journal of the European Economic Association, June 2022. (link )

Natural Disasters and Capital Accumulation: The Role of Precautionary Saving and Capital Market Openness (pdf)
Contagion of Sovereign Default Risk: the Role of Two Financial Frictions (pdf).
Sovereign Default and Global Financial Shocks (To be updated soon)
Economic Incentives or Social Norms? Labor Supply Differentials between East and West German Mothers, with Bastien Chabe-Ferret and Zainab Iftikhar

The Global Market for Nominal Safe Bonds, with Charles Engel.
The Differential Effects of LTV (Loan to Value ratio) Policy on Housing Prices: Singapore's Case, With Liu Haoming.

Dissertation Intern at Atlanta Fed (2011)
Dissertation Intern at Federal Reserve Board (2012)
OECD External Consultant (Building a Quantitative Macro Model with a Natural Disaster Shock for ASEAN countries) (2021-)

2011: Atlanta Fed, UW-Madison
2012: UW-Madison, Federal Reserve Board
2013: NYU, Bank of Canada, Federal Reserve Board, University of Virginia, UC-Riverside, National University of Singapore, Bank of Korea, Korea Institute of Finance, Samsung Economic Research Institution. Asian Econometric Society Meeting (Singapore).
2014: National University of Singapore, SED 2014 (Toronto)
2015: AEA (Boston), Atlanta Fed, UW-Madison, Columbia University (EF Colloquium), University of Rochester, Chicago Fed.
2016: CEF 2016 (Bordeaux), Barcelona GSE Summer Forum, North America Summer Meetings of the Econometric Society (Philly), Sogang University (Seoul), National University Of Singapore, Conference on International Finance hosted by San Francisco Fed and CUHK (Shenzhen).
2017: Asian Econometric Society Meeting (Hong Kong), SED 2017 (Edinburgh), North America Summer Meetings of Econometric Society 2017 (St. Louis), NBER Summer Institute 2017 (Cambridge, MA), Korea University, Sungkyunkwan University, Sogang University.
2018: Asian Bureau of Finance and Economic Research (discussant), Korea Development Institute (Sejong city), Tsinghua Workshop in International Finance ( Beijing), Seoul National University, AASLE 2018 (Seoul), Yonsei University (Seoul).
2019: Shanghai University of International Business and Economics, North America Summer Meetings of the Econometric Society (Seattle), Seoul National University (Seoul).
2020: 1st international macro/finance conference in East Asia.

Journal of International Economics, Journal of Money, Credit & Banking, Review of Finance, Review of International Economics, Review of Economic Dynamics, Journal of European Economic Association, Review of Economic Studies. Canadian Journal of Economics, B.E. Journal of Macroeconomics

Curriculum Vitae (pdf)

Yonsei University

School of Economics

50 Yonseo-Ro, Seodaemun-Gu, Seoul, South Korea

Office: +82 2-2123-2485

Mobile: +82)010-4727-4585

Charles Engel (primary) : cengel@ssc.wisc.edu