Yongseung Jung
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View article: US Monetary Policy Uncertainty Spillover and the Role of Exchange Rate Regime
US Monetary Policy Uncertainty Spillover and the Role of Exchange Rate Regime Open
View article: 수출규제의 경제적 함의와 글로벌 공급망에 미치는 영향에 관한 연구(A Study on Export Measures:&nbsp;<span>Economic Impacts on Global Supply Chain)</span>
수출규제의 경제적 함의와 글로벌 공급망에 미치는 영향에 관한 연구(A Study on Export Measures: <span>Economic Impacts on Global Supply Chain)</span> Open
View article: Limited Financial Market Participations and Shocks in Business Cycles in Korea
Limited Financial Market Participations and Shocks in Business Cycles in Korea Open
This paper sets up a small open new Keynesian economy model with constrained households and incomplete markets to address the driving forces of business cycles in Korea. It shows that there exists a substantial fraction of constrained hous…
View article: Inspecting Monetary Policy Rules in a Small Open Economy with Financial Frictions
Inspecting Monetary Policy Rules in a Small Open Economy with Financial Frictions Open
In this paper, we address how the monetary authority should react to financial market status and exchange rates movements in a small open economy New Keynesian model with financial frictions due to asymmetric information between savers and…
View article: Consumption Heterogeneity and Driving Forces of Business Cycles in Korea
Consumption Heterogeneity and Driving Forces of Business Cycles in Korea Open
View article: International Spillover of US Policy Uncertainty Shock and the Role of Exchange Rate Regime
International Spillover of US Policy Uncertainty Shock and the Role of Exchange Rate Regime Open
View article: Consumption Heterogeneity and Driving Forces of Business Cycles in Korea
Consumption Heterogeneity and Driving Forces of Business Cycles in Korea Open
View article: Fiscal Policy and Redistribution in a Small Open Economy with Aging Population
Fiscal Policy and Redistribution in a Small Open Economy with Aging Population Open
This paper sets up a two agent small open economy with monopolistically competitive firms and catching up with the Joneses to investigate the labor and capital Laffer curve, taking into account aging population along the line of Auray et a…
View article: A Look at Business Cycles in Korea through Two Agent Model
A Look at Business Cycles in Korea through Two Agent Model Open
View article: Inspecting Driving Forces of Business Cycles in Korea
Inspecting Driving Forces of Business Cycles in Korea Open
This paper sets up a new Keynesian model with external habit to explore the role of each shock over business cycles in Korea. The estimated model via maximum likelihood shows that the productivity shock plays a pivotal role in explaining t…
View article: Inspecting Driving Forces of Business Cycles in Korea
Inspecting Driving Forces of Business Cycles in Korea Open
View article: 가계부채 제약하의 통화정책: 2주체 거시모형(TANK)에서의 정량적 분석(Monetary Policy in a Two-Agent Economy with Debt-Constrained Households)
가계부채 제약하의 통화정책: 2주체 거시모형(TANK)에서의 정량적 분석(Monetary Policy in a Two-Agent Economy with Debt-Constrained Households) Open
View article: Debt Deleveraging over Business Cycles: A Critical View from DSGE Model
Debt Deleveraging over Business Cycles: A Critical View from DSGE Model Open
View article: Macroprudential and Monetary Policies : Implications for House Prices and Household Debt
Macroprudential and Monetary Policies : Implications for House Prices and Household Debt Open
This study examines the effect of the interaction between time-varying macroprudential policy and credit growth or house price growth on dampening the excess volatility of household debt in the standard DSGE model. The study also discusses…