Kwang Hwan Kim

Hi, I'm Kwang Hwan Kim.

I am currently a Professor of Economics at Yonsei University, Korea. I also served as a chair of the School of Economics at Yonsei University from 2020-2022 and an Associate Dean for University Planning & Development from 2022-2024. I graduated with M.A. and B.A. in Economics from Yonsei University and earned my Ph.D. in Economics at UCSD in 2007. My research fields include (international) macroeconomics and monetary economics.

You can reach me by email at kimkh01@yonsei.ac.kr

Working Papers

[5] Fiscal News and Time Use: Evidence from Information Experiment (with Yoonbin Cho, Dongyoung Kim, Young-Il Albert Kim, Myungkyu Shim)
[Working Paper]
[4] Invoicing Currency and Optimal Policies in a Global Liquidity Trap (with Sangheon Ahn, Jongsoo Kim, Suk Joon Kim)
[Working Paper] [Online Appendix]
[3] How Costly are Business Cycle Volatility and Inflation? A Vox Populi Approach (with Dimitris Georgarakos, Olivier Coibion, Myungkyu Shim, Myunghwan Andrew Lee, Yuriy Gorodnichenko, Geoff Kenny, Seowoo Han, Michael Weber)
[Working Paper]
[2] Household Income Inequality and Optimal Trend Inflation (with Jongsoo Kim, Daeha Cho)
[Working Paper] [Online Appendix]
[1] Environmental Policy and Business Cycles: Long-Run Gain, Short-Run Pain? (with Sangheon Ahn, Soojin Jo, Myungkyu Shim)
[Working Paper]

Publications (SSCI Journals)

[14] Optimal Trend Inflation in an Open Economy (with Daeha Cho, Jung Hyun Kim, Suk Joon Kim)
Journal of Monetary Economics,Volume 149, 2025.
[Journal Article][Online Appendix]
[13] The Paradox of Price Flexibility in an Open Economy (with Daeha Cho, Suk Joon Kim)
Review of Economic Dynamics, Volume 51, 2023.
[Journal Article] [Online Appendix]
[12] Are All Economic Fluctuations Bad for Consumers? (with Jongsoo Kim, Myungkyu Shim)
Journal of Economic Dynamics and Control, Volume 156, 2023.
[Journal Article]
[11] Inefficient International Risk-Sharing (with Daeha Cho, Suk Joon Kim)
Journal of Monetary Economics, Volume 138, 2023.
[Journal Article] [Online Appendix]
[10] Inefficient Relative Price Fluctuations (with Daeha Cho)
Journal of Economic Dynamics and Control, Volume 137, 2022.
[Journal Article]
[9] Financial Frictions and the Welfare Effect of Business Cycles (with Daeha Cho, Hye Rim Yi)
Applied Economics Letters, Volume 27, 2020.
[Journal Article]
[8] Uncertainty Shocks and the Relative Price of Investment Goods (with Munechika Katayama)
Review of Economic Dynamics, Volume 30, 2018.
[Journal Article]
[7] Inter-Sectoral Labor Mobility, Sectoral Co-Movement, and News Shocks (with Munechika Katayama)
Journal of Money, Credit and Banking, Volume 50(1), 2018.
[Journal Article]
[6] Non-Separability and Sectoral Comovement in a Sticky Price Model (with Munechika Katayama)
Journal of Economic Dynamics and Control, Volume 37(9), 2013.
[Journal Article]
[5] The Delayed Effects of Monetary Shocks in a Two-Sector New Keynesian Model (with Munechika Katayama)
Journal of Macroeconomics, Volume 38, 2013.
[Journal Article]
[4] Housing, Wealth Effects, and Monetary Policy (with Munechika Katayama)
Global Economic Review, Volume 42(1), 2013.
[Journal Article]
[3] Deep Habits, Rule-of-Thumb Consumers, and Fiscal Policy (with Daeha Cho)
Korean Economic Review, Volume 29, 2013.
[Journal Article]
[2] Is the Real Price of Equipment a Good Measure for Investment-Specific Technological Change?
Economics Letters, Volume 108(3), 2010.
[Journal Article]
[1] The Role of Manufacturing-Specific Technology in Determining the Composition of Hours Worked in Korea (with Bae-Geun Kim)
Global Economic Review, Volume 39(2), 2010.
[Journal Article]