Mr. Choi is an experienced macro economist with modeling expertise.

Work Experience

  • Worked at the World Bank and at the Bank of Korea (central bank)

  • Extensive work experience with econometric models

Skills

  • Matlab (Macro Uncertainty Index, Financial Conditions Index, etc.)

  • SAS (Credit Risk Model, Data Management)

  • EViews (Global Macro Model of the World Bank)

  • Mathematica (Optimal Capital Structure Model)

Research Interest

  • Macro-Financial Linkage and Business Cycle

  • Now Casting and Medium-term GDP Forecasting

  • Monetary Policy

Current Research

  • Uncertainty, Credit Risks, and Corporate Investment

    1. Risk Sensitivity of Investment

    2. Firm-level Uncertainty and Credit Risk Measure using the Black-Scholes-Merton model

    3. Risk Sensitivity: the Scale Effect and the Threshold Effect

In this paper, I construct firm-level uncertainty and credit risk measures using the Black-Scholes-Merton model, study firms’ investment behaviors in relation to the real options effect and the credit risk effect, and seek macroeconomic implications.

Contacts

  • Mobile: 202-738-8482 (US), 010-2021-3381 (KR)