Research

  Contents

·       Publications 

·       Working Papers

 

  Publications

 

    Refereed Journal

 

·       Do Monetary Policy Shocks Matter in the G-7 Countries? Using Common Identifying Assumptions about Monetary Policy Across Countries, 1999, Journal of International Economics, Vol. 47 (2), pp. 871-893.

 

·     The Effects of Monetary Policy shocks in a Small Open Economy: The Case of Korea, 1999, Economic Analysis (in Korean), Vol. 5 (4), also in Economic Papers (in English), 2000, Vol. 3, pp. 91-108.

 

·       Exchange Rate Anomalies in the Industrial Countries: A Solution with Structural VAR Approach (co-authored with Nouriel Roubini), 2000, Journal of Monetary Economics, Vol. 45, pp. 561-586.

 

·     Effects of Monetary Policy Shocks on the Trade Balance in Small Open European Countries, 2001, Economics Letters, Vol. 72(2), 197-203.

 

·           International Transmission of U.S. Monetary Policy Shocks: Evidence from VAR’s, 2001, Journal of Monetary Economics, Vol. 48(2), 339-372.

 

·           Nominal Revaluation of Cross-Border Assets, Terms of Trade Changes, International Portfolio Diversification, and International Risksharing, 2002, Southern Economic Journal, Vol. 69 (2), 327-344.

 

·     Exchange Rate Stabilization in the ERM: Identifying European Monetary Policy Reactions, 2002, Journal of International Money and Finance, Vol. 21(3), 413-434.

 

·           Monetary Policy Rules and Business Cycles, forthcoming, Scandinavian Journal of Economics.

 

·     Monetary Policy, Foreign Exchange Intervention, and the Exchange Rate in a Unifying Framework, forthcoming, Journal of International Economics.

 

·           Structural Shocks and the Fiscal Theory of the Price Level in the Sticky Price Model, forthcoming, Macroeconomic Dynamics.

 

·           Dynamic Risksharing in the United States and Europe (co-authored with Pierfederico Asdrubali), forthcoming, Journal of Monetary Economics.

 

    Book

 

·           Capital Account Liberalization and Macroeconomic Performance: The Case of Korea (co-authored with Sunghyun H. Kim and Yunjong Wang), 2001, Korea Institute for International Economic Policy.

 

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  Working Papers

 

·     Identifying European Monetary Policy Interactions: The Case of France and Spain, 1998, Bank of Spain Working Paper No. 9811.

 

·       Monetary Instrument Problem Revisited: The Role of Fiscal Policy, UIUC CBA Office of Research Working Paper Number 01-0102, 2001.

 

·       International Risksharing in Latin America (with Andre Barreto), 1999.

 

·       Financial Panic and Exchange Rate Overshooting During Currency Crises (with Sunghyun H. Kim), 2000, under review.

 

·       Counter-Cyclical and Counter-Inflation Policy and Comovement Properties of Money Growth, 2000, under review.

 

·       Monetary Policy Shocks and Farm Price Dynamics (with Doo Bong Han), 2001, under review.

 

·       Inflation Volatility, Government Debts, and the Fiscal Theory of the Price Level, 2001, under review.

 

·           A New Perspective on the PPP Hypothesis (co-authored with Luiz Lima), 2001.

 

·           Exchange Rate Movements: Comovement and Persistency Decomposition, 2001, under review.

 

·           Macroeconomic Effects of Capital Account Liberalization: The Case of Korea (co-authored with Sunghyun H. Kim and Yunjong Wang), 2001, under review.

 

·           Interactions among Monetary Policy, Foreign Exchange Policy, and the Exchange Rate in Canada, 2002, under review.

 

·           Determinants of Capital Account in Korea (co-authored with Sammo Kang, Sunghyun H. Kim, and Yunjong Wang), 2002.

 

·           Twin Deficit or Twin Divergence? Fiscal Policy, Current Account, and Real Exchange Rate (co-authored with Nouriel Roubini).

 

·           The Impact of U.S. Monetary Policy Shocks on Mexico: An Identified VAR Analysis,” (co-authored with Marco Del Negro and Fancesc Obiols-Homs).

 

·           Asymmetry and Non-Linearity in Monetary Policy Rules, 2002.

 

·           Economic Effects of EU Budget (co-authored with Pierfederico Asdrubali), 2002.

 

·           Incomplete Risksharing and Incomplete Intertemporal Consumption Smoothing (co-authored with Pierfederico Asdrubali), 2003.

 

 

 

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Last revised: Date October 26, 2002