Working Papers

1. State-dependent and Asymmetric Effects of Oil Shocks on Inflation and Trade (with Salima Arsalane​), Under Review​

2. Dissecting U.S. and South Korea Bond Yield Linkages through Risk and Policy Expectation Channels (with Sung Ryeol Choi), Revise and Resubmit, International Review of Financial Analysis

3. The Expectation Effect of Climate Shocks: How Extreme Weather Propagates Inflation (with Geon Hee Lee), Under Review

4. When Do Fundamentals Matter? State-dependent Housing Dynamics in South Korea (with Seulki Lee), Revise and Resubmit, Journal of Housing Economics

5. Markov-switching  Large Bayesian VARs (with Geon Hee Lee​), Under Review

6. Prior Selection for Bayesian Term Premium Estimation (with Kyu Ho Kang​), Under Review

7. Time-varying Expectations Amplification of Commodity Shocks in Inflation  (with Salima Arsalane​ and Seojin Lee), Under Review

8. Disentangling the Transmission of Geopolitical Risk to Green Bond Market (with Salima Arsalane​), Under Review

 Publications in SSCI Journals

1. 1. ​Oil Price Uncertainty Shock and Korean Sectoral Stock Market: The Role of Common Factor and Asymmetry (with Geon Hee Lee​),  Research in International Business and Finance, 2025, 78, 102989

   2. The Asymmetric Effects of Real Estate Uncertainty Shocks  (with Seulki Lee), Journal of Real Estate Research, 2025, 47(1), 28-52

   3. The Inflationary Impact of Oil Price Shock in Korea: The Role of Inflation Expectations (with Seojin Lee), Journal of Asian Economics, 2025, 96, 101861

   4. ​​Volatility Spillovers across Financial Markets: The Role of Oil Price Uncertainty (with Seojin Lee), ​​Applied Economic Letters, 2023, 30(17), 2342-2347

   5. Spillover Shifts in the FX market: Implications for the Behavior of a Safe Haven Currency (with Seojin Lee), North American Journal of Economics and Finance, 2023, 65, 101885

   6. ​​Korean Exchange Rate Forecasts  Using Bayesian Variable Selection (with Seojin Lee), ​​Asia-Pacific Journal of Accounting and Economics, 2022, 29(4), 1045-1062

   7. ​​​Understanding BOXPI  - Industry Portfolio Perspective (with Myeong Hyeon Kim and Kisung Yang), ​Journal of Asian Economics, 2022, 81, 101500​​

   8. ​Bayesian Inference of Multivariate Regression Models with Endogenous Markov Regime-Switching Parameters (with Kyu Ho Kang), ​Journal of Financial Econometrics, 2022, 20(3), 391-436

   9. Exchange Rate Predictability: A Variable Selection Perspective​ (​with Seojin Lee), International Review of Economics and Finance, 2020, 70, 117-134

   10. Do the Bond Markets Find an Inflation Target Credible? Evidence from Five Inflation Targeting Countries (with Kyu Ho Kang and Kook Ka), ​International Review of Economics and Finance, 2020, 67, 66-84​

   11. The Effect of Foreign Exchange Intervention: The Case of Korea​ (with Seojin Lee), Pacific Economic Review, 2020, 25(5), 641-659​

   12. ​​Inflation Expectation, Monetary Policy Credibility, and Exchange Rates (​with Seojin Lee), Finance Research Letters, 2019, 31, 405-409

   13. Likelihood Inference for Dynamic Linear Models with Markov Switching Parameters: On the Efficiency of the Kim Filter (​with Kyu Ho Kang), Econometric Reviews​, 2019, 38(10), 1109-1130

   14. Inflation Expectations and Risk Premiums: Implications for Korean Exchange Rates (​with Seojin Lee), Emerging Markets Finance and Trade, 2019, 55(9), 2072-2085

   15. Financial Connectedness Revisited: The Role of Fama-French Risk Factors (with Myeong Hyeon Kim and Kisung Yang), ​Applied Economic Letters, 2019, 26(10), 850-856

Publications in SCOPUS Journals

1. Macroeconomic Impact of Oil Shocks: A Large-Scale Bayesian SVAR Approach in South Korea (with Salima Arsalane), ​Journal of Economic Integration,  2024, 39(4), 899-920

Publications in KCI Journals

1. The Dynamic Impact of Global Bond Market Common Factors on the Korean Yield Curve (with Sungryeol Choi and Jungmin Lee), Kukje Kyungje Yongu, 2026, 32(1), 71-100

2. Time-varying Effects of Global Oil Price Shocks on the Korean Stock Market (with Geon Hee Lee and Ha Yeon Kim), Korean Energy Economic Review, 2025, 24(2), 99-142

3. Housing Price Determinants and Forecasts: The Case of Jeonbuk State Apartments (with Seulki Lee and Won Suk Chung), ​Journal of The Korea Real Estate Analysts Association, 2025, 31(1), 41-57

4. Regime-dependent Industry Volatility Spillover Effects in the South Korean Stock Market (with Sung Ryeol Choi), ​Journal of The Korean Official Statistics, 2024, 29(2), 53-80

5. On the Robustness of The Financial Connected Index: The Case of Global Stock Markets (with Geon Hee Lee and Kisung Yang), ​Asia-Pacific Journal of Business and Commerce, 2024, 16(2), 3-42

6. Analysis on Korean Business Cycle using Bayesian Endogenous Markov-switching Model, ​Journal of The Korean Official Statistics, 2022, 27(4), 1-29

7. Forecasting the Baltic Dry Index Using Bayesian Variable Selection (with Xiang-Yu Han), Korea Trade Review, 2022, 47(5),  21-37

8. What determines the Electricity Price Volatility in Korea? (​with Seojin Lee), Environmental and Resource Economics Review, 2022, 31(3), 393-417

9. Korean Real Term Structure and Real Term Premium (​with Seulki Lee), Future Growth Studies, 2022, 8(1), 33-57

10. The Role of Unobservable Fundamentals in Korea Exchange Rate Fluctuations: Bayesian Approach​ (​with Seojin Lee), Economic Analysis, 2017, 23(3), 1-22