SUNGHYUN HENRY KIM (김성현)
CONTACT INFORMATION
Department of Economics Phone: (02) 740-1564
Sungkyunkwan University E-mail: shenrykim@skku.edu
25-2 Sungkyunkwan-ro, Jongno-gu
Seoul 03063, Korea
CURRENT AND PAST AFFILIATIONS
Sungkyunkwan University, Seoul, Korea
Dean, College of Economics 2021 - Present
Professor in Economics Department 2016 - Present
Associate Professor in Economics Department 2012 - 2016
Suffolk University, Boston, MA
Associate Professor in Economics Department 2008 - 2015
Tufts University, Medford, MA
Assistant Professor in Economics Department 2001 - 2008
Brandeis University, Waltham, MA
Assistant Professor in International Business School 1997 - 2001
EDUCATION
Yale University: New Haven, CT
Ph.D. in Economics, 1998. M. Phil. In Economics, 1995
Ph. D. Dissertation Title: Essays on International Business Cycles.
Dissertation Committee Chair: Christopher Sims
Seoul National University: Seoul, Korea
M.A. in International Economics, 1991.
Seoul National University: Seoul, Korea
B.A. in International Economics, 1989.
MAJOR FIELD: International Macroeconomics
COURSES TAUGHT
International Finance, International Trade
International Macroeconomics (Ph.D. and Masters)
International Corporate Finance (Masters and Undergraduate)
International Economic Policy
Mathematics for Economic Analysis
Quantitative Methods in Economics (Ph.D. and Masters)
Advanced Macroeconomics (Ph.D.)
RECENT ACTIVITIES
Editorial Position:
International Economic Journal (Editor-in-Chief: 2019 - , Associate Editor: 2010-2018)
경제학연구 (Associate Editor: 2013 - 2018)
Other professional activities:
KAEA (Korea-America Economic Association): Secretary General (2005-2007), Vice President (2008, 2012, 2014).
KEA (한국경제학회): 사무국장 (2018), 이사 (2024-25), 감사 (2022-23)
KAFA(한국국제금융학회): 회장 (2024-25)
KIEA(한국국제경제학회): 부회장 (2025)
금융위 금융발전심의회 위원(2023-),
공적자금관리위원회 위원(2023-),
대통령실 안보정책위원회 위원(2024-)
서울시 비전 2030 위원회, 4차산업혁명 위원회, 보조금심의위원회 위원
신용보증기금 비상임이사(2024-)
Referee reports and book reviews:
Econometrica, International Economic Review, Journal of International Economics, Journal of Money, Credit and Banking, Journal of Development Economics, Journal of International Money and Finance, Journal of Economic Dynamics and Control, Review of Economic Dynamics, Macroeconomic Dynamics, IMF Economic Review, BE journal of Macroeconomics, Economic Inquiry, Japan and the World Economy, Journal of Asian Economics, Asian Economic Journal, Asian Economic Papers, Contemporary Economic Policy, Economic Modeling, Economy Journal, Economic Systems, Emerging Markets Finance and Trade, International Economic Journal, Journal of International Business Studies, Journal of International Financial Markets, Institutions & Money, Journal of Macroeconomics, Korea Development Review, Seoul Journal of Economics, Southern Economic Journal;
Addison Wesley, Prentice-Hall, Routledge, NSF.
FELLOWSHIPS AND GRANTS
Project Manager, BK21 FOUR, SKKU, 2020 -
Project Grant, Ministry of Foreign Affairs, 2024
Project Grant, BOK-KPP Program, 2018, 2019, 2020
Project Grant, USITC, 2016-17, 2019-2020
Research Grant, Center for Economic Research of Korea, 2013
Research Grant, Korea National Research Foundation, 2013-16, 2017
Research Grant, Sungkyun Research Fund, 2012
Research Grant, World Bank East Asian Development Network (EADN), 2001.
Research Grant, ICSEAD. Japan, 1999
PUBLICATIONS
Journal Publications
[1] “노동시장 경직성이 기업의 해외진출에 미친 영향 분석,” 2024, with Yena Song(KIEP), Soomin Han (중소벤쳐기업연구원). 한국경제포럼 17-3.
[2] “Does Outward Foreign Direct Investment Improve the Performance of Domestic Firms? Case of Korea,” 2023, with Soomin Han (SKKU). Asian Economic Journal 37, 519-549.
[3] “Optimal bond holding dynamics with hedging against real exchange rate risks,” 2023, with Kyounghun Kim (Korea Chamber of Commerce and Industry) and Sanho Lim (Ministry of Foreign Affairs). International Review of Economics and Finance 86, 626-638
[4] “국내기업의 해외직접투자 결정요인분석: 법인세의 영향을 중심으로”, 2023, with Yena Song (SKKU). 한국경제의 분석 29, 109-151.
[5] “Explaining Equity Home Bias using Hedging Motives against Real Exchange Rate and Wage Risks,” 2021, with Kyounghun Kim (Korea Chamber of Commerce and Industry). International Review of Economics and Finance 73, 30-43.
[6] “Understanding the Effects of Government Spending in a Time-inconsistent Model,” 2021, with Yoonseok Choi (Chonnam University). Economic Modelling 98, 266-279.
[7] “포트폴리오투자 유입자본의 국적별 결정요인 분석,” 2021, with Sanho Lim (SKKU). 국제금융연구 11-1, 67-99.
[8] “FDI가 국내기업 생산성에 미치는 이질적 파급효과 분석,” 2021, with Soomin Han (SKKU). 국제경제연구 27-1, 3-28.
[9] “Trade Integration and Business Cycle Synchronization in Latin American Countries,” 2020, with Young Ji Kim (SKKU). Journal of Economic Integration 35. 559-575.
[10] “현재가치 승수로 측정한 정부지출 증가의 거시경제 효과 분석,” 2019, with Yoonseok Choi (Chonnam University) and Eunsun Yang (Suwon Research Institute). 국제경제연구 25. 1-26.
[11] “한국의 노동소득분배율 변동의 결정요인에 대한 분석,” 2019, with Hul Hwang (SKKU), 경제학연구 67, 139-171.
[12] “RMB Bloc in East Asia: Too early to talk about it?” 2018, with Changsik Kim (SKKU) and Yunjong Wang (Catholic University). Asian Economic Papers 17(3), 31-48.
[13] “Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation," 2018, with Jinill Kim (Korea University). International Journal of Central Banking 14(3), 347-376.
[14] “글로벌 금융위기 이후 한국의 소득불평등 변화에 관한 연구,” 2018, with Jemin Choi (KIF) and Sangyeon Park (KIF). 경제학연구 66, 115-142.
[15] “International Capital Mobility: Regional vs. Global Perspective,”2018, with Soyoung Kim (Seoul National University) and Yoonseok Choi (Korea University). Review of World Economics 154, 157-176.
[16] “Conditional versus Unconditional Utility as Welfare Criterion: Two Examples,” 2018, with Jinill Kim (Korea University). Computational Economics 51(3), 719-730.
[17] “Macroeconomic shocks and stock market returns: Case of Korea,” 2018, with Eunsun Yang, Maria Kim, and Doojin Ryu. Applied Economics 50:7, 757-773.
[18] “How Much to Share: Welfare Effects of Fiscal Transfers," 2017, with Jinill Kim (Korea University). Canadian Journal of Economics 50, 636-59.
[19] “Tax reform in Japan: Is it welfare-enhancing?” 2017, with Yoonseok Choi (Korea University) and Hideaki Hirata (Hosei University). Japan and the World Economy, 42, 12-22.
[20] “법인세 인상의 재정 및 거시경제 효과에 대한 동태적 분석,” 2017, with Eunsun Yang (SKKU) and Yoonseok Choi (Korea University). 경제학연구 65, 5-37.
[21] “한국은행의 역할과 정책수단: 금융안정정책을 중심으로,” 2017, with Injune Kim (SNU), Soyoung Kim (SNU), Jinill Kim (Korea University), and Kwanho Shin (Korea University). 한국경제의 분석 23-1, 185-273.
[22] “Dynamic Scoring of Tax Reform in Open Economies,” 2016, with Yoonseok Choi (Korea University). Economic Modelling 58, 182-193.
[23] “Testing an Alternative Price-Setting Behavior in New Keynesian Phillips Curve: Extrapolative Price-Setting Mechanism,” 2016, with Yoonseok Choi (SKKU). International Review of Economics and Finance 44, 253-265.
[24] “Testing the relative purchasing power parity hypothesis: the case of Korea,” 2016, with Hyein Shim, Hyeyoen Kim, and Doojin Ryu. Applied Economics 48, 2383-95.
[25] “동아시아 지역에서의 무역 및 금융시장 통합과 경기변동 동조성,” 2015, with Kyung Hoon Kim (SKKU). 국제경제연구 21. 29-54.
[26] “Long-run Effects of the Korea-China Free-Trade Agreement,” 2015, with Serge Shikher (USITC). Journal of East Asian Economic Integration 19.
[27] “Hyperbolic Discounting and Consumer Patience: The Case of Korea,” 2015, with Yoonseok Choi (Suffolk University). Emerging Markets Finance and Trade 51.
[28] “Financing Investment in East Asia: Regional or Global Savings?” 2014, with Soyoung Kim (Seoul National University) and Yoonseok Choi (Suffolk University). Japan and the World Economy 31, 1-7.
[29] “Welfare Implications of Trade Liberalization and Fiscal Reform: A Quantitative Experiment,” 2014, with Ayhan Kose (IMF). Journal of International Economics 92, 198-209.
[30] “Determinants of International Capital Flows in Korea: Push vs. Pull Factors,” 2013, with Soyoung Kim (Seoul National University) and Yoonseok Choi (Suffolk University), Korea and the World Economy 14, 447-474.
[31] “Analyzing Macroeconomic Effects of Government Debt Using Dynamic General Equilibrium Model,” 2013, with Soyoung Kim (Seoul National university), Journal of Economic Theory and Econometrics 24, 366-392.
[32] “International Capital Flows, Boom-Bust Cycles, and Business Cycle Synchronization in the Asia Pacific Region,” 2013, with Soyoung Kim (Seoul National university), Contemporary Economic Policy 31, 191-211.
[33] “Solving the Multi-Country Real Business Cycle Model Using a Perturbation Method,” 2011, with Jinill Kim (Korea University) and Robert Kollmann (ECARES), Journal of Economic Dynamics and Control 35, 203-206.
[34] “Solving the Incomplete Markets Model with Aggregate Uncertainty Using a Perturbation Method,” 2010, with Jinill Kim (Federal Reserve Board) and Robert Kollmann (ECARES), Journal of Economic Dynamics and Control 34, 50-58.
[35] “Fear of Floating in East Asia?” 2009, with Soyoung Kim (Korea University) and Yunjong Wang (SK Research Institute), Pacific Economic Review 14, 176-193.
[36] “Calculating and Using Second Order Accurate Solutions for Discrete Time Dynamic Equilibrium Models," 2008, with Jinill Kim (Federal Reserve Board), Ernst Schaumberg (Northwestern University), and Chris Sims (Princeton University). Journal of Economic Dynamics and Control 32, 3397-3414.
[37] “Two pitfalls of linearization methods,” 2007, with Jinill Kim (Federal Reserve Board). Journal of Money, Credit and Banking 39(4), 995-1001.
[38] “Saving, Investment and International Capital Mobility in East Asia,” 2007, with Soyoung Kim (Korea University) and Yunjong Wang (SK Research Institute). Japan and the World Economy 19(2), 279-91.
[39] “Dynamic Welfare Effects of Tax Reform: Case of Korea,” 2007, Korea Development Review 3(2), 177-196.
[40] “Financial Panic and Exchange Rate Overshooting During Currency Crises,” 2007, with Soyoung Kim (Korea University). International Economic Journal 21(1), 71-89.
[41] “Sources of Fluctuations: The Case of MENA,” 2007, with Ayhan Kose (IMF) and H. Hirata (Hosei University). Emerging Markets Finance and Trade 43(1) 5-34.
[42] “Financial Integration and Consumption Risk Sharing in East Asia,” 2006, with Soyoung Kim (Korea University) and Yunjong Wang (SK Research Institute). Japan and the World Economy 18(2), 143-57.
[43] “Dynamics of Open Economy Business Cycle Models: the Case of Korea,” 2005, with Hyung-Do Ahn (KIEP), Korea Development Review 1(1), 157-84.
[44] “Regional vs. Global Risksharing in East Asia,” 2004, with Soyoung Kim (University of Illinois, Urbana-Champaign) and Yunjong Wang (KIEP). Asian Economic Papers 3(3).
[45] “Integration and Fluctuations: The case of MENA,” 2004, with Ayhan Kose (IMF) and H. Hirata (Bank of Japan). Emerging Markets Finance and Trade 40(6), 49-69.
[46] “Macroeconomic Effects of Capital Account Liberalization: Case of Korea,” 2004, with Soyoung Kim (University of Illinois, Urbana-Champaign) and Yunjong Wang (KIEP), Review of Development Economics 8(4), 624-639.
[47] “Dynamics of Business Cycles in Asia: Differences and Similarities,” 2003, with Ayhan Kose (IMF) and Michael Plummer (Johns Hopkins-Bologna). Review of Development Economics 7 (3), 462-477.
[48] “Patience, Persistence and Welfare Costs of Incomplete Markets in Open Economies,” 2003, with Jinill Kim (Federal Reserve Board) and Andrew Levin (Federal Reserve Board). Journal of International Economics 61, pp. 385-96.
[49] “Spurious Welfare Reversals in International Business Cycle Models,” 2003, with Jinill Kim (Federal Reserve Board). Journal of International Economics 60, pp. 471-500.
[50] “Dynamics of Open Economy Business Cycle Models: Understanding the Role of the Discount Factor,” 2003, with Ayhan Kose (IMF). Macroeconomic Dynamics 7, pp. 263-90.
[51] “The Saving-Investment Correlation Puzzle is Still a Puzzle,” 2001, Journal of International Money and Finance 20, pp. 1017-34.
[52] “Understanding the Asian Contagion: An International Business Cycle Perspective,” 2001, with Ayhan Kose (IMF) and Michael Plummer (Johns Hopkins-Bologna), Asian Economic Journal 15, pp.111-38. Also published in Higashi Ajia he no Shiten (in Japanese), vol.12, no.3, 25-46.
Chapters in edited volume
[53] “International Capital Mobility of East Asian Countries: Global vs. Regional Perspective,” 2011, with Soyoung Kim (Seoul National University) and Cyn Young Park (Asian Development Bank), In: The Dynamics of Asian Financial Integration: Facts and Analytics, Eds. Michael Devereux, Philip Lane, Cyn-Young Park, and Shang-Jin Wei, Routledge.
[54] “Government Debt and Macro economy,” 2008, with Soyoung Kim (Korea University). In: Government Debt Management in Korea, Published in Korean by the Korea Institute of Public Finance.
[55] “International Capital Flows and Business Cycles in the Asia Pacific Region,” 2005, with Soyoung Kim (Korea University) and Yunjong Wang (SK Research Institute). In: A New Financial Market Structure for East Asia, Eds. Yung-Chul Park, Takatoshi Ito, and Yunjong Wang, Edward Elgar, Northampton, MA, pp 139-64.
[56] “Contagion or Simple Transmission of Business Cycles? The Case of the Asian Crisis,” 2002, with Ayhan Kose (IMF) and Michael Plummer (Johns Hopkins-Bologna). In: The Post-Financial Crisis Challenges for Asian Industrialization, Eds. R. Hooley and J. Yoo, Elsevier Science, Oxford, UK, pp 43-91.
Monograph
[57] Understanding the Determinants of Capital Flows in Korea: An Empirical investigation, 2002, with Sammo Kang (Korea Institute of Finance), Soyoung Kim (University of Illinois, Urbana-Champaign) and Yunjong Wang (KIEP), Korea Institute of International Economic Policy Press, Seoul, Korea.
[58] Capital Account Liberalization and Macroeconomic Performance: The Case of Korea, 2001, with Soyoung Kim (University of Illinois, Urbana-Champaign) and Yunjong Wang (KIEP), Korea Institute of International Economic Policy Press, Seoul, Korea.
<< Revised Jan 2025>>