연구실적
Dominant Drivers of Current Account Dynamics, joint with Lukas Boer and Mingzuo Sun, (IMF Working Paper 24/92), Journal of International Economics, 2026.
Aging and Inflation --- Regional Evidence from Japan and the US, joint with Hiroaki Miyamoto and Jungjin Lee, Economics Letters, 2024.
Demographics and Interest Rates in Asia, joint with Serkan Arslanalp and Umang Rawat, (IMF Working Paper 18/172), Japan and the World Economy, 2019.
China and Asia in Global Trade Slowdown, joint with Gee Hee Hong, Wei Liao, and Dulani Seneviratne (IMF Working Paper 16/105), Journal of International Commerce, Economics and Policy, 2017.
The Valuation Channel of External Adjustment, joint with Fabio Ghironi and Alessandro Rebucci, Journal of International Money and Finance, 2015.
International Macroeconomic Fluctuations: A New Open Economy Macroeconomics Interpretation, joint with Soyoung Kim (HKIMR Working paper, 2008), Macroeconomic Dynamics, 2014.
Accounting for Global Dispersion of Current Accounts, joint with Yongsung Chang and Sun-Bin Kim, Review of Economic Dynamics, 2013.
Real Exchange Rates and Fundamentals: A Cross-Country Perspective, joint with Luca Ricci and Gian Maria Milesi-Ferretti, Journal of Money, Credit and Banking, 2013
Monetary Policy of the Bank of Korea During the First Sixty Years, joint with Kyungsoo Kim, Seoul Journal of Economics, 2011.
Global Dispersion in Current Accounts: Is the Universe Expanding? joint with Hamid Faruqee, IMF Staff Papers, 2009.
Option Pricing Approach to International Reserves, Review of International Economics, 2009.
International Reserves: Precautionary vs. Mercantilist Views, Theory and Evidence, joint with Joshua Aizenman, Open Economies Review, 2007.
Does Productivity Growth Lead to Appreciation of the Real Exchange Rate?, joint with Man-Keung Tang. Review of International Economics, 2007.
New Rates from New Weights, joint with Tamim Bayoumi and Sarma Jayanthi, IMF Staff Papers, 2006.
Current Account and Real Exchange Rate Dynamics in the G-7 Countries (joint with Menzie Chinn), Journal of International Money and Finance, 2006.
Political Influence and the Dynamic Consistency of Policy (joint with Michelle Garfinkel), American Economic Review, 2000.
The Role of a Variable Input in the Relationship between Investment and Uncertainty. (joint with Kwanho Shin), American Economic Review, 2000.
Intertemporal Substitution in Imported Durables, Journal of International Economics, 1998.
The Response of Exchange Rate Pass-Through to Market Concentration in a Small Economy: The Evidence from Korea, Review of Economics and Statistics, 1997.
Financial Development by Learning, Journal of Development Economics, 1996.
Asset Purchase Programs in European Emerging Markets, IMF Departmental Paper 21/021, 2021, joint with M. Arena, R. Bems, N. Ilahi, W. Lindquist, and T. Lybek.
Demographic Headwinds in Central and Eastern Europe, IMF Departmental Paper 19/12, 2019, joint with C. Batog, E. Crivelli, A. Ilyina, Anna, Z. Jakab, A. Musayev, I. Petrova, A. Scott, A. Shabunina, A. Tudyka, X.C. Xu, Z. Ruifeng.
U.S. Consumption after the 2008 Crisis, joint with Pau Rabanal and Damiano Sandri, IMF Staff Position Note 10/01, 2010.
The Case for Global Fiscal Stimulus, joint with Doug Laxton and others, IMF Staff Position Note 09/03, 2009.
Exchange Rate Assessments: CGER Methodologies, joint with Gian Maria Milesi-Ferretti, Jonathan Ostry, Alessandro Prati, and Luca A. Ricci, IMF Occasional Paper 261, 2007.
Workshops or Barracks? Productive versus Enforcive Investment and Economic Performance (joint with Stergios Skaperdas), in Advances in Applied Microeconomics: Contests, edited by Michael Baye, JAI Press, 1998.