Individualism and Political Instability: Theory and Evidence (with Minhyeon Jeong), Under Review
The Effects of Robotization on Foreign Direct Investment (with Sungwoo Hong and Yeo Joon Yoon), Under Review
Monetary-Fiscal Policy Mix in Korea: An Empirical Investigation (with Sora Chon and Seri Shim), [Link] Under Review
Birth Policy and Growth: the Role of Culture (with Minhyeon Jeong and Nam Seok Kim), KIEP Working Paper Series 25-01 [Link]
Robots, Labor Income Share and Labor Productivity: An Empirical Investigation, The Manchester School, Forthcoming [Link]
The Effects of Weather Shocks on Income Inequality: Evidence from Asia-Pacific Economic Cooperation (APEC) Member Economies, Asian-Pacific Economic Literature, 38(2): 75-101, 2024 [Link] (with Woo-Hyung Hong)
Private Sector Debt Overhang and Government Spending Multipliers: Not All Debts Are Alike, European Economic Review, Vol 154 104439, 2023, [Link]
Fiscal Policy and the Twin Deficits: Structural Changes Matter, Macroeconomic Dynamics, 28(3): 517-545, 2024, [Link]
Effect of News and Noise Shocks of U.S. Monetary Policy on Economic Fluctuations in Emerging Market Economies , Canadian Journal of Economics, 55(4):1862-1893, 2022, [Link] (with Kyunghun Kim)
Dynamic Analysis of Antidumping Using Impulse Responses: A Study on the US-China Case, Empirical Economics, 63(2): 671-692, 2022, [Link] (with Yeo Joon Yoon)
Macroeconomic Effects of Government Transfer Payments: Evidence from Korea, Economic Modelling, Vol.102 105571, September 2021, [Link]
Trump Tariff and Firm Relief : Winners and Losers from Steel Tariff Exclusion Request, Applied Economics Letters, Vol.28(16) pp.1357-1362, 2021 [Link] (with Yeo Joon Yoon)
Impacts of RMB Devaluation on China’s Trade Balances: A Time-Varying SVAR Approach, Applied Economics, Vol.52(45) pp.4952-4966, 2020, [Link]
Government Spending Policy Uncertainty and Economic Activity: U.S. Time Series Evidence, Journal of Macroeconomics, Vol.61 103124, 2019, [Link]
Do Government Spending Multipliers Depend on the Level of Government Debt? US Historical Data Evidence, Applied Economics Letters, Vol.22(8) pp.668-672, 2015, [Link]
Fiscal Shocks, Markup Dispersion, and Inflation
Macroeconomic Consequences of Value Added Tax Rate Reform: Some Non-Linear Perspectives
Sanction against Russia and Central Asia’s participation on Global Value Chain: An Empirical Investigation (러시아 경제제재가 중앙아시아 5개국의 글로벌 가치사슬 참여에 미치는 영향: 패널데이터를 이용한 실증분석) , International Area Studies Review (국제지역연구), 29(1), 2025 (in Korean) [Link]
Aging and Fiscal Austerity: the measures and the degree of aging matter (고령화와 재정건정화: 재정건전화 수단에 관한 논의를 중심으로), Journal of Budget and Policy (예산정책연구) 14(1), 2025 (in Korean) [Link]
Economic Impacts of Sanctions on the Russian Economy (대러 경제제재가 러시아 경제에 미치는 영향), International Area Studies Review (국제지역연구), 28(2), 2024 (with Minhyeon Jeong, in Korean) [Link]
International Transmission of Macroeconomic Uncertainty in China: A Time-Varying Bayesian Global SVAR Approach , East Asian Economic Review, 28(1), 2024 [Link]
Forecasting Economic Activities with Term Spreads Using Nonlinear Models (비선형모형을 이용한 장단기금리차의 경기선행성 및 경기침체 예측력 분석), Journal of Korean Economic Analysis (한국경제의 분석), 29(1), 2023 [Link] (with Noh-Sun Kwark, in Korean)
Government Debt and Government Spending Multipliers: Evidence from OECD Panel Data and IPVAR (정부부채 수준에 따른 정부지출승수 추정: OECD 국가패널 및 교차패널자기회귀모형 (IPVAR)을 이용하여), Journal of Market Economy (시장경제연구), 50(3), 2021 [Link] (in Korean)
Government Spending Multipliers in Uncertain Times: U.S. Historical Data Evidence, Asia-Pacific Journal of Business & Commerce (아태경상저널) 12(1), 2020 [Link]
Heterogeneous Responses of Consumption to Government Spending Shocks in Korea (정부지출이 민간소비에 미치는 영향: 소득별, 연령별 이질성을 중심으로), Journal of Budget and Policy (예산정책연구) 9(1), 2020 [Link] [in Korean, featured in Maeil Business Newspaper, Hankook ilbo, Asia Economy]
Effects of Government Spending in Korea: FAVAR approach (FAVAR모형을 이용한 한국정부지출의 효과분석) , Economic Analysis (경제분석), 25(3), 2019 [Link] [in Korean, featured in The Korea Herald]
Asset Price, the Exchange Rate, and Trade Balances in China: A Sign Restriction VAR Approach, East Asian Economic Review, 22(3), 2018 [Link]
Leading Behavior of Interest Rate Term Spreads and Credit Risk Spreads in Korea, Journal of Money and Finance (금융연구), 26(4), 2012 [Link] (with Noh-Sun Kwark)