2022.03 ~ PresentAdvisory Committee Member, Seoul Institute
2020.05 ~ 2021.07Director, Household Debt Research Center, Korea Institute of Finance
2018.12 ~ 2019.12Director, Macroeconomic Research Division, Korea Institute of Finance
2012.05 ~ 2012.06Instructor(Undergraduate Macroeconomics), University of Rochester
2006.01 ~ 2007.02Daewoo Securities
Academic Research
Labor Supply within the Firm (with Michele Battisti and Ryan Michaels), forthcoming, Journal of Labor Economics
Consumption, Reservation Wages, and Aggregate Labor Supply, Review of Economic Dynamics, Volume 37, pp.54-80, 2020.
Accounting for Changes in House Prices and Rents in Korea, 2001-2016 (with Jay Hong and Joon Song), Korean Economic Review, Volume 36, Number 1, Winter 2020, pp.249-283.
KIF Research Reports
“Forecasting the Korean Economy with a Large-scale Bayesian VAR,” with Sungwook Park, KIF Research (in Korean), 2022-04, 2022.
“Business Cycle Accounting for Korea: Features and Implications for Major Recessions,” with Hyuntae Kim, KIF Research (in Korean), 2022-01, 2022.
“The Consumption Response to Child Care Credit during the Covid-19 Pandemic in Korea,” with Heung Jin Kwon and Taerok Oh, KIF Research (in Korean), 2021-03, 2021.
“An Analysis of Korea Financial Market Variability: Pre- versus Post- Global Financial Crisis,” with Namjong Kim and Sungwook Park, KIF VIP Report (in Korean), 2020-08, 2020.
“Zero Interest Rate Environment: Potential Risks in Financial Markets and Policy Responses,” with 7 research fellows in KIF, KIF VIP Report (in Korean), 2020-07, 2020.
“The Impact of Economic Fundamentals and Policies on House Prices and Rents in Korea,” joint with Jay Hong and Joon Song, KIF Working Paper 2018-02, 2018
“Mortgage Dynamics and Borrower Characteristics in Korea: An Empirical Analysis of Debt and Defaults,” with Bomi Lee, KIF Research 2018-01, 2018
“Household Debt and Policy Measures in Korea,” with Jean Lim, Young Do Kim and Jongsang Park, KIF Reports, 2018
“Economic Fluctuations and Banking Sector: a Unified Analysis with a Financial Sector Augmented DSGE Model,” with Seok Ki Kim and Myungkyu Shim, KIF Working Paper 2017-04, 2017
“Mortgage Interest Rate Types and Business Cycles”, KIF Reserach Series 2017-01 Chapter 2, 2017
Commissioned Research Projects
[Korea Credit Information Service] The impact of Introducing Credit Scores on Lending, joint with Sangche Lee, Myong-Hwal Lee, Jung In Kim, Yuyeong Son, and KCB, 2022
[Financial Services Commission] 2018 Analysis of Financial Labor Force and Forecasts for Employment in the Financial Sector, joint with Jae-Ha Park, 2018
[Korea Institute of Finance] “The Impact of Economic Fundamentals and Policies on House Prices and Rents in Korea,” with Jay Hong and Joon Song, 2018
[Financial Supervisory Service] “Case Studies on Household Debt Issues and Policy Measures for Korea,” with Byungho Seo and Minkee Song, 2018
[Financial Supervisory Service] “The Role of Finance in the Era of Population Aging,” with Sukho Lee and Hyoungsik Noh, 2017
[Korea Institute of Finance] “Economic Fluctuations and Banking Sector: a Unified Analysis with a Financial Sector Augmented DSGE Model,” with Seok Ki Kim and Myungkyu Shim, 2017
[Korea Student Aid Foundation] A Research on Student Loan and Its Long-term Equilibrium, joint with Soonho Lee and Byung-Duck Kim, 2016
Referee Services
The Korean Economic Review, The Scandinavian Journal of Economics, Korean Journal of Economic Studies, Review of International Money and Finance, Journal of Money and Finance, Sogang Economic Papers, International Economic Journal, Financial Stability Studies, Korea Institute of Public Finance
Honors and Awards
Award for the KIF Outstanding Research, 2017, 2018, 2021, 2022
Commendation, Korea Asset Management Cocoporation, 2022
GSA Conference Travel Award, University of Rochester, 2014.5
Lionel and Blanche McKenzie Family Fellowship Prize, University of Rochester, 2010 ~ 2011
Graduate Fellowship and Tuition Scholarship, University of Rochester, 2009~2014
BK 21 Graduate Fellowship, Yonsei University, 2007~2008
High Honors, Yonsei University, 2006.2
Contact Information
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