Macroeconomics, International Finance, AI Data Analytics, Machine Learning Applications
Education
Ph.D. in Economics, Michigan State University
M.S. in Applied Statistics, Michigan State University
M.A. in Economics, Michigan State University
B.A. in Economics, Yonsei University
Experience
2013–2015. Assistant Professor, Department of Economics, Kookmin University
2012–2013, Associate Research Fellow, Korea Institute for International Economic Policy (KIEP)
Journal Articles
(2026)
Can the tone of central bankers’ speeches help shape inflation expectations?: Evidence from Japan.
JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY.
107,
1
(2026)
Debt burdens and fiscal stimulus: does perceived government effectiveness matter?.
INTERNATIONAL TAX AND PUBLIC FINANCE.
(2026)
Effects of Fiscal Policy Uncertainty and Asymmetric Spillovers: Evidence From Korea.
PACIFIC ECONOMIC REVIEW.
31,
1
(2026)
The Power of Voice: Monetary Policy and Cryptocurrency.
INTERNATIONAL REVIEW OF FINANCE.
26,
1
(2026)
Mind the tone: Responses of inflation expectations to central bankers' speeches.
JOURNAL OF INTERNATIONAL MONEY AND FINANCE.
160,
1
(2025)
Household Indebtedness and the Effectiveness of Fiscal Policy.
INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS.
31,
2
(2025)
Machine learning goes beyond: Time-varying monetary policy and oil price pass-through to inflation expectations.
JOURNAL OF MACROECONOMICS.
(2024)
Economic policy uncertainty and the Kimchi premium in the cryptocurrency market.
SOUTHERN ECONOMIC JOURNAL.
(2024)
Government size and the effectiveness of fiscal policy: the bigger the better?.
MACROECONOMIC DYNAMICS.
29,
(2024)
Inflation target adjustments: Does an improvement in institutional or economic preconditions matter?.
INTERNATIONAL FINANCE.
27,
2
(2023)
Determinants of market-assessed sovereign default risk: Macroeconomic fundamentals or global shocks?.
INTERNATIONAL FINANCE.
27,
1
(2023)
Government Debt and Fiscal Multipliers in the Era of Population Aging.
MACROECONOMIC DYNAMICS.
(2023)
Reassessing growth vulnerability.
JOURNAL OF APPLIED ECONOMETRICS.
39,
1
(2023)
Effects of monetary policy uncertainty on debt financing: Evidence from Korean heterogeneous firms.
JOURNAL OF INTERNATIONAL MONEY AND FINANCE.
139,
(2023)
Dynamic Spillovers of Economic Policy Uncertainty Across the US, Europe, and East Asia.
GLOBAL ECONOMIC REVIEW.
52,
3
(2023)
Approximating long-memory processes with low-order autoregressions: Implications for modeling realized volatility.
EMPIRICAL ECONOMICS.
64,
6
(2023)
Macroeconomic effects of uncertainty shocks: Evidence from Korea.
JOURNAL OF ASIAN ECONOMICS.
84,
1
(2022)
Combining Long and Short Memory in Time Series Models: the Role of Asymptotic Correlations of the MLEs.
Econometrics and Statistics.
(2022)
Population aging and fiscal sustainability: Nonlinear evidence from Europe.
JOURNAL OF INTERNATIONAL MONEY AND FINANCE.
126,
1
(2021)
On asymmetric volatility effects in currency markets.
EMPIRICAL ECONOMICS.
62,
5
Honors / Awards
Research Grant, The National Research Foundation of Korea, 2024–2025
Research Grant, The National Research Foundation of Korea, 2023–2024
Sungkyun Research Fund, Sungkyunkwan University, 2020-2021
Excellent Article Award, The National Research Foundation of Korea, 2015
Research Grant, The National Research Foundation of Korea, 2014–2015
New Faculty Research Grant, Kookmin University, 2013
Graduate Assistantship, Michigan State University, 2005–2011
Conference Paper
(2025)
Household Debt and the Effectiveness of Fiscal Policy: The Response of Consumer Spending.
International Conference on Empirical Economics (ICEE).
UNITED STATES
(2024)
Effects of Geopolitical Risk on Energy Security and Energy Imports.
2024 Massey Sustainable Finance Conference.
AUSTRALIA
(2024)
Population Aging and the Effectiveness of Fiscal Policy: Do Public Pension Systems Matter?.
Annual Conference of the International Association for Applied Econometrics.
GREECE
(2023)
Effects of nonverbal policy communications on the crude oil market: The role of economic policy uncertainty.
33rd Annual Meeting of the Midwest Econometrics Group.
UNITED STATES
(2023)
Government debt and fiscal multipliers in the era of population aging.
2023 European Economics and Finance Society 20th Annual Conference.
GERMANY
(2023)
Government debt and fiscal multipliers in the era of population aging.
2023 Western Economic Association 17th International Conference.
AUSTRALIA
(2022)
Government Debt and Fiscal Multipliers in the Era of Population Aging.
Midwest Econometrics Group (MEG) 2022 Conference.
UNITED STATES
(2022)
Government Debt and Fiscal Multipliers in the Era of Population Aging.
Korean Economic Association 70th Anniversary International Conference.
KOREA, REPUBLIC OF
(2021)
Inflation targeting under commitment or discretion: does an improvement in macroeconomic conditions matter?.
26th International Panel Data Conference.
EU
(2019)
On the Predictability of the Distribution of Excess Returns in Currency Markets.
한국국제경제학회 동계학술대회.
KOREA, REPUBLIC OF
(2019)
On the Predictability of the Distribution of Excess Returns in Currency Markets.
Midwest Econometrics Group 29th Annual Meeting.
UNITED STATES
(2019)
The Tail Behavior of Safe Haven Currencies: A Cross-Quantilogram Analysis.
Sixth Annual Conference of the International Association for Applied Econometrics.
CYPRUS
(2018)
On the Predictability of the Distribution of Excess Returns in Currency Markets.
Southern Economic Association 88th Annual Meetings.
UNITED STATES
(2017)
On Asymmetric Volatility Effects in Currency Markets.
2017 40th International Panel Data Conference (IPDC).
GREECE
(2017)
Can Structural Changes in the Persistence of the Forward Premium Explain the Forward Premium Anomaly?.
한국국제금융학회.
KOREA, REPUBLIC OF
(2016)
Reinvestigating the Persistence of the Forward Premium in the Joint Presence of Nonlinearity, Asymmetry, and Structural Changes.
Southern Economic Association 86th Annual Meeting.
UNITED STATES
(2016)
Carry Trade Returns and Predicting Global Foreign Exchange Volatility in a Nonlinear Long Memory Framework.
한국국제금융학회.
KOREA, REPUBLIC OF
(2015)
Uncovered Interest Parity, Covered Interest Arbitrage, and Funding Liquidity Constraints.
Southern Economic Association 85th Annual Meeting.
UNITED STATES
