Hyungsuk Lee (이형석)
Hyungsuk Lee (이형석)
Economist, Bank of Korea, Economic Research Institute
Contact Information
Office: Economic Research institute, Bank ok Korea, 39 Namdaemun-ro, Jung-gu, Seoul, Korea
E-mail: walden0230@gmail.com or hslee0120@bok.or.kr
Education
Sungkyunkwan University, Ph.D. in Economics (2022)
Sungkyunkwan University, M.A. in Economics (2016)
Sungkyunkwan University, B.A. in Economics (2013)
Research Interests
Macroeconomics, Monetary Economics
Professional Experience
Bank of Korea, Economic Research Institute, Research Assistant, 2016~2018
Korea Institute of Finance, Macroeconomic Research Division, Research Assistant, 2018~2021
Hyundai Research Institute, Macroeconomic Analysis Team, Research Fellow, 2022~2024
Bank of korea, Macroeconomic Studies Team, Economist, 2024~
“On a Pecuniary Externality of Competitive Banking through Goods Pricing Dispersion,” (with Timothy Kam, Junsang Lee, and Sam NG), European Economic Review, vol.179, 2025.
"The Effect of Fiscal Soundness on Inflation based on Fiscal Theory of Price Level,” (with Junsang Lee and Sung Woo Jang), Korean Journal of Public Finance, 2025, vol.18(2), in Korean.
"Accounting for the Effects of Fiscal Policy Shocks on Exchange Rates through the Markup Dynamics,” (with Junsang Lee), Federal Reserve Bank of St. Louis Review, 2024, vol.106(2).
“Aggregate Markup and Its Impact on Income Inequality: Country Panel Evidence,” (with Junsang Lee), International Economic Journal, 2023, vol.37(3).
“Inflation and Market Power: Country Panel Evidence,” (with Junsang Lee), Journal of Korean Economic Studies, vol.41(1), 2023, in Korean.
“Credit Expansion and Markups,” (with Junsang Lee and YiLi Chien), Federal Reserve Bank of St. Louis Review, 2022, vol.104(4).
“Accounting for the Effect of Household Debt on Economic Growth: The Role of Markup Dynamics,” (with Junsang Lee), Korea and the World Economy, 2022, vol.23(2).
“Government Expenditure and Employment Creation Effect in Korea,” (with Junsang Lee), Journal of Korean Economic Studies, vol.40(1), 2022, in Korean.
“Accounting for the Effect of Government Spending on Income Inequality: Role of Markup Dynamics,” (with Junsang Lee and Hyeonsik Yoon), Korea and the World Economy, 2021, vol.22(3).
Working paper
“Welfare Cost of Inflation through Rising Market Power,” Pacific Economic Review, R&R.
“Hand-to-Mouth and MPC in a Heterogeneous Agent New-Monetarist Model,” (with Junsang Lee and Hyeonsik Yoon), Working Paper.
Positive and Negative Price Externality of Interest Bearing CBDC, Working Paper.