Research

Working Papers

[1] "Diagnostic Expectations into Housing DSGE and Productive Investment Crowding-Out Effect" (with Junghyuk Lee) 

• Bank of Korea Working Paper, No. 2025-19

• Media Coverage: SBS(TV News), Chosun, Kyunghyang, Hankyung, Hankook and others

[2] "BOK-LOOK: A Semi-Structural Model for Korea’s Open Economy and Monetary Policy Analysis" (with Seungryul Jeong, Seokil Kang, Hyungbae Cho, Dongjae Lee)

• Bank of Korea Working Paper, No. 2025-3

• Media Coverage: SBS, Hankyung, Maekyung, Chosun Biz, Edaily and others

[3] "Analysis of the Effectiveness of Macroprudential Policy and its Optimal Policy Mix with Monetary Policy in Korea" (with Changhun Choi, Dongho Choo, Gaeun Lee)

• Bank of Korea Issue Note, No. 2025-26

• Media Coverage: Chosun Biz, Financial News, Seoul Economics, Asia Economics and others

Work In Progress

[1] "Optimal Monetary and Macroprudential Policy under Diagnostic Expectations" (with Jun Hee Kwak)