Ph.D. in Economics, The Ohio State University, 2007
M.A. in Economics, The Ohio State University, 2003
B.A. in Economics, Seoul National University, 1991
Academic Appointments
Chair, Economics Department, Chung-Ang University, 2020. 3-2022. 2
Professor, Chung-Ang University, 2019. 3-present
Associate Professor, Chung-Ang University, 2014. 3-2019. 2
Assistant Professor, Chung-Ang University, 2011. 3-2014. 2
Professional Services and Other Activities
Economist and Senior Economist, The Bank of Korea, 1991-2011. 2
Co-Editor, Journal of Economic Theory and Econometrics, Korean Econometric Society, 2016. 8-2018. 8
Member of Editorial Board, Korean Journal of Economic Studies, Korean Economic Association, 2012-2013
Member of Macroeconomics Committee, Journal of Korean Economic Analysis, 2009-present
Instructor, The Ohio State University, Summer Quarter 2005, Winter Quarter 2006
Military Service, Republic of Korea Army, 1991-1993
Undergraduate Course: Principles of Macroeconomics (1st semester), Macroeconomics (1st semester), Mathematics for Economists (2nd semester)
Graduate Course: Macroeconomics 1 (2nd semester)
Doctoral Dissertation
Title: Essays on Price-Setting Models and Inflation Dynamics
Committee: William Dupor (advisor), Paul Evans, J. Huston McCulloch
Published Papers
(English Articles)
Technological Advances in Manufacturing and Their Effects on Sectoral Employment in the Korean Economy, Economic Modelling, 2023, Vol. 126 (September), 106433
Sectoral Shifts and Comovements in Employment, Economics Letters, 2020, Vol. 192 (7), 109208
Decomposing Labor Share Movements in a Small Open Economy: The Case of Korea, Emerging Markets Finance and Trade, 2018, Vol. 54 (10), pp. 2296-2314
Does the New Keynesian Phillips Curve Need Countercyclical Markups? Economic Modelling, 2017, Vol. 63 (June), pp. 262-282
Explaining Movements of the Labor Share in the Korean Economy: Factor Substitution, Markups and Bargaining Power, Journal of Economic Inequality, 2016, Vol. 14 (3), pp. 327-352
Supply Shocks and the Divine Coincidence, Economics Letters, 2016, Vol. 145 (August), pp. 210-213
Markups and Oil Prices in Canada, Economic Modelling, 2013, Vol. 30 (January), pp. 799-813, with Hashmat Khan
The Role of Manufacturing-Specific Technology in Determining the Composition of Hours Worked in Korea, Global Economic Review, 2010, Vol. 39 (2), pp. 197-214, with Kwang Hwan Kim
Identifying a Permanent Markup Shock and Its Implications for Macroeconomic Dynamics, Journal of Economic Dynamics and Control, 2010, Vol. 34 (8), pp. 1471-1491
An Assessment of the New Keynesian Phillips Curve in the Korean Economy, Quarterly Economic Analysis, 2008, Vol. 14 (3), pp. 85-131, with Byung Kwun Ahn
(Korean Articles)
A Theory on Functional Income Distribution among Capital and Labor of Large Firms, and Their Suppliers, Korean Journal of Economic Studies, 2019, Vol. 67 (3), pp. 45-86
Markups and Business Cycles in the Korean Economy, Journal of Korean Economic Analysis, 2015, Vol. 21 (2), pp. 119-182
Market Structure and Labor Productivity: Industry Analysis, Productivity Review, 2015, Vol. 29 (1), pp. 3-33
An Empirical Analysis of the Effects of a Change in Market Structure on Production and Employment in the Korean Economy, Journal of Economic Theory and Econometrics, 2014, Vol. 25 (2), pp. 1-39
Market Structure and Labor Productivity: Dynamic Analysis Based on SVAR Models, Productivity Review, 2013, Vol. 27 (3), pp. 167-192
What Explains Movements in the Labor Income Share in the Korean Economy? Quarterly Economic Analysis, 2013, Vol. 19 (3), pp. 1-48
Do Technological Innovations Cause Jobless Growth? Korean Journal of Economic Studies, 2012, Vol. 60 (3), pp. 5-54
The Effect of Sector-Biased Technological Progress on Economic Growth: An Approach Based on a Multi-Sector Growth Model, Quarterly Economic Analysis, 2011, Vol. 17 (3), pp. 43-88
Estimating the Effects of Fiscal Policy Using Structural VARs and Tax Rates, Korean Journal of Economic Studies, 2011, Vol. 59 (3), pp. 5-52
A New Measure of Real Income for the Open Economy, Journal of Korean Economic Analysis, 2010, Vol. 16 (2), pp. 91-137
Does the Price Gap Predict Inflation?: An Approach Based on the Theory of the Price Level, Quarterly Economic Analysis, 2009, Vol. 15 (3), pp. 37-83
(Other Korean Papers)
Terms of Trade Variation and Its Effect on Economic Growth, The Bank of Korea Monthly Bulletin, May 2002
The Propagation Mechanism of Inflationary Factors in the Korean Economy, The Bank of Korea Monthly Bulletin, September 1995
Work in Progress
Better Machines and Sectoral Shifts in Employment, Preliminary