research

Fields:    Macroeconomics, Macro-finance, Microfoundations

Publications
  • Delayed Overshooting: Is It an 80s Puzzle? (with S. Moon and C. Velasco) downloadonline supplementwp version (Journal of Political Economy, forthcoming)
  • Profits as an Inter-sectoral Consequence of Disequilibrium in a Production Network (with S. Moon) [Journal of Market Economy 시장경제연구 44(3):57-80, 2015] download 
      - previously disseminated under the title "Profits in (Partial) Equilibrium and (General) Disequilibrium" 
    wp version
  • Sequential Action and Beliefs under Partially Observable DSGE Environments [Computational Economics 40(3):219–244, 2012] download, wp version

Recent Works (R&R)
  • A Map of Markups: Why We Observe Mixed Behaviors of Markups (with S. Moon) downloadonline supplement (R&R at the Journal of Economics & Management Strategy)

Works in progress
  • Liquidity Spirals: Evidence from US Financial Aggregates (with K. Park)
  • Business Failure and Labour Market Fluctuations (with S. Moon)
  • How Long Would A Recession Last?: A Toy Experiment From An Omniscient Perspective
  • What Do Producer Price Spreads Tell Us About the Business Cycle? (with S. Moon)
  • The Real Predictivity Factor in Asset Returns (with K. Park)
  • Time-varying Demand for Treasuries (with K. Park)
Conference and Seminar Talks
  • Nov/2015 Yeungnam University, Gyeongsan, Korea
  • Apr/2015 Chonnam National University, Gwangju, Korea
  • Sep/2014 Korea Institute of Finance, Seoul, Korea
  • Feb/2014  City University of Hong Kong, Hong Kong, China
  • Oct/2013  Halle Institute for Economic Research, Halle (Saale), Germany
  • Aug/2012  Econometric Society European Meeting EEA-ESEM 2012, Malaga, Spain
  • Aug/2011  European Economic Association EEA-ESEM 2011, Oslo, Norway
  • Jul/2011  International Economic Association IEA 16th Conference, Beijing, China