Details about Sangyup Choi

Access statistics for papers by Sangyup Choi.

Last updated 2025-01-16. Update your information in the RePEc Author Service.

Short-id: pch1221

Working Papers

2025

1. Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2024)

2024

2. Haircut, Interest Rate, and Collateral Quality in the Tri-Party Repo Market: Evidence and Theory
   Working Papers, University of Liverpool, Department of Economics
   Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2024)
3. Heterogeneity in the Effects of Uncertainty Shocks on Labor Market Dynamics and Extensive vs. Intensive Margins of Adjustment
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2023)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
   See also Journal Article Heterogeneity in the effects of uncertainty shocks on labor market dynamics and extensive vs. intensive margins of adjustment, Journal of Economic Dynamics and Control, Elsevier (2024) (2024)
4. News or Animal Spirits? Consumer Confidence and Economic Activity: Redux
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2023)
   Bank of Finland Research Discussion Papers, Bank of Finland (2023)
   See also Journal Article News or animal spirits? Consumer confidence and economic activity: Redux, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2024) (2024)

2023

5. Geopolitical Risk and Foreign Portfolio Investment: A Tale of Advanced and Emerging Markets
   Working papers, Yonsei University, Yonsei Economics Research Institute
   See also Journal Article Geopolitical risk and U.S. foreign portfolio investment: A tale of advanced and emerging markets, Journal of International Money and Finance, Elsevier (2025) (2025)
6. Impact of Uncertainty Shocks on Income and Wealth Inequality
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2022)
7. News or Animal Spirits? Consumer Confidenceand and Economic Activity: Redux
   IEAS Working Paper : academic research, Institute of Economics, Academia Sinica, Taipei, Taiwan
8. One Monetary Policy and Two Bank Lending Standards: A Tale of Two Europes
   Working papers, Yonsei University, Yonsei Economics Research Institute
9. One Monetary Policy and Two Bank Lending Standards: A Tale of Two Europes 
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
10. Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (1)
    Also in IMF Working Papers, International Monetary Fund (2022) View citations (3)
    Bank of England working papers, Bank of England (2023)
    See also Journal Article Revisiting the monetary transmission mechanism through an industry-level differential approach, Journal of Monetary Economics, Elsevier (2024) View citations (9) (2024)
11. Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach 
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

2022

12. Are government spending shocks inflationary at the zero lower bound? New evidence from daily data
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (3)
    Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2021)
    See also Journal Article Are government spending shocks inflationary at the zero lower bound? New evidence from daily data, Journal of Economic Dynamics and Control, Elsevier (2022) View citations (3) (2022)
13. Boom-bust Cycles Revisited: The Role of Credit Supply
    World Economy Brief, Korea Institute for International Economic Policy
14. Household Indebtedness and the Macroeconomic Effects of Tax Changes
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
    Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2020) View citations (1)
    See also Journal Article Household indebtedness and the macroeconomic effects of tax changes, Journal of Economic Behavior & Organization, Elsevier (2023) View citations (2) (2023)
15. Is Domestic Uncertainty a Local Pull Factor Driving Foreign Capital Inflows? New Cross-Country Evidence
    Working papers, Yonsei University, Yonsei Economics Research Institute
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2022)
    See also Journal Article Is domestic uncertainty a local pull factor driving foreign capital inflows? New cross-country evidence, Journal of International Money and Finance, Elsevier (2023) View citations (15) (2023)
16. Partisan Bias in Inflation Beliefs: New Evidence from Korea
    Working papers, Yonsei University, Yonsei Economics Research Institute

2021

17. Bitcoin An Inflation Hedge but Not a Safe Haven
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit View citations (19)
    Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2021) View citations (19)
    See also Journal Article Bitcoin: An inflation hedge but not a safe haven, Finance Research Letters, Elsevier (2022) View citations (31) (2022)
18. Inflation Anchoring and Growth: The Role of Credit Constraints
    Working papers, Yonsei University, Yonsei Economics Research Institute
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2020)
    See also Journal Article Inflation anchoring and growth: The role of credit constraints, Journal of Economic Dynamics and Control, Elsevier (2022) View citations (9) (2022)

2020

19. Bank Lending Standards, Loan Demand, and the Macroeconomy: Evidence from the Korean Bank Loan Other Survey
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit View citations (1)
20. Brave New World? Bitcoin is not the New Gold: Understanding Cryptocurrency Price Dynamics
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (2)
21. Heterogenous Gains from Countercyclical Fiscal Policy: New Evidence from International Industry-level Data
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (2)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2020)
    See also Journal Article Heterogeneous gains from countercyclical fiscal policy: new evidence from international industry-level data*, Oxford Economic Papers, Oxford University Press (2022) View citations (2) (2022)
22. International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending
    Working papers, Yonsei University, Yonsei Economics Research Institute
    Also in IMF Working Papers, International Monetary Fund (2019) View citations (1)
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2020)
    See also Journal Article International Fiscal-Financial Spillovers:the Effect of Fiscal Shocks on Cross-Border Bank Lending, Open Economies Review, Springer (2021) View citations (1) (2021)
23. Labor Market Dynamics under Technology Shocks: The Role of Subsistence Consumption
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    See also Journal Article LABOR MARKET DYNAMICS UNDER TECHNOLOGY SHOCKS: THE ROLE OF SUBSISTENCE CONSUMPTION, Macroeconomic Dynamics, Cambridge University Press (2022) (2022)
24. Policy Uncertainty and Foreign Direct Investment
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit View citations (4)
    See also Journal Article Policy uncertainty and foreign direct investment, Review of International Economics, Wiley Blackwell (2021) View citations (23) (2021)
25. 신용공급 변동이 경제성장 및 금융위기에 미치는 영향 (A Study on Credit Supply, Economic Growth and Financial Crisis)
    Policy Analyses, Korea Institute for International Economic Policy

2019

26. Changes in the Effects of Bank Lending Shocks and the Development of Public Debt Markets
    Working papers, Yonsei University, Yonsei Economics Research Institute
    See also Journal Article Changes in the effects of bank lending shocks and development of public debt markets, Finance Research Letters, Elsevier (2020) (2020)
27. Inflation Anchoring, Real Borrowing Costs, and Growth: Evidence from Sectoral Data
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (1)
28. International Bank Lending Channel of Monetary Policy
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (11)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2019)
    Working Papers, Banco de España (2019) View citations (12)
    IMF Working Papers, International Monetary Fund (2019) View citations (10)
    See also Journal Article International bank lending channel of monetary policy, Journal of International Money and Finance, Elsevier (2020) View citations (27) (2020)
29. Policy Uncertainty and FDI Flows: The Role of Institutional Quality and Financial Development
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (2)
30. Uncertainty, Financial Markets, and Monetary Policy over the Last Century
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2019) View citations (5)
    See also Journal Article Uncertainty, Financial Markets, and Monetary Policy over the Last Century, The B.E. Journal of Macroeconomics, De Gruyter (2022) View citations (4) (2022)

2018

31. Bank Lending Standards, Loan Demand, and the Macroeconomy: Evidence from the Emerging Market Bank Loan Officer Survey
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (1)
32. Financial vs. Policy Uncertainty in Emerging Market Economies
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (7)
    See also Journal Article Financial vs. Policy Uncertainty in Emerging Market Economies, Open Economies Review, Springer (2019) View citations (22) (2019)
33. Inflation Anchoring and Growth: Evidence from Sectoral Data
    IMF Working Papers, International Monetary Fund View citations (3)
34. Labor Market Dynamics in Developing Economies: the Role of Subsistence Consumption
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (1)
35. Uncertainty and Cross-Border Banking Flows
    IMF Working Papers, International Monetary Fund View citations (7)
    Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2018) View citations (6)
    See also Journal Article Uncertainty and cross-border banking flows, Journal of International Money and Finance, Elsevier (2019) View citations (31) (2019)

2017

36. Aggregate Uncertainty and Sectoral Productivity Growth: The Role of Credit Constraints
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (9)
    Also in IMF Working Papers, International Monetary Fund (2016) View citations (10)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2017) View citations (14)
    See also Journal Article Aggregate uncertainty and sectoral productivity growth: The role of credit constraints, Journal of International Money and Finance, Elsevier (2018) View citations (40) (2018)
37. Fiscal Stabilization and Growth: Evidence from Industry-level Data for Advanced and Developing Economies
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (4)
    Also in IMF Working Papers, International Monetary Fund (2017) View citations (5)
38. Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies
    IMF Working Papers, International Monetary Fund View citations (11)
    Also in Working papers, Yonsei University, Yonsei Economics Research Institute (2017) View citations (15)
    See also Journal Article Oil prices and inflation dynamics: Evidence from advanced and developing economies, Journal of International Money and Finance, Elsevier (2018) View citations (144) (2018)
39. The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (3)
    Also in IMF Working Papers, International Monetary Fund (2017) View citations (3)
40. The Impact of US Financial Uncertainty Shocks on Emerging Market Economies: An International Credit Channel
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (7)
    See also Journal Article The Impact of US Financial Uncertainty Shocks on Emerging Market Economies: An International Credit Channel, Open Economies Review, Springer (2018) View citations (28) (2018)

2016

41. The Federal Democratic Republic of Ethiopia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia
    IMF Staff Country Reports, International Monetary Fund

2015

42. Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels
    IMF Working Papers, International Monetary Fund View citations (24)
    See also Journal Article Uncertainty and unemployment: The effects of aggregate and sectoral channels, Journal of Macroeconomics, Elsevier (2015) View citations (24) (2015)

Journal Articles

2025

1. Geopolitical risk and U.S. foreign portfolio investment: A tale of advanced and emerging markets
   Journal of International Money and Finance, 2025, 151, (C)
   See also Working Paper Geopolitical Risk and Foreign Portfolio Investment: A Tale of Advanced and Emerging Markets, Working papers (2023) (2023)

2024

2. Heterogeneity in the effects of uncertainty shocks on labor market dynamics and extensive vs. intensive margins of adjustment
   Journal of Economic Dynamics and Control, 2024, 162, (C)
   See also Working Paper Heterogeneity in the Effects of Uncertainty Shocks on Labor Market Dynamics and Extensive vs. Intensive Margins of Adjustment, CAMA Working Papers (2024) (2024)
3. How to interpret consumer confidence shocks? State-level evidence
   Economics Letters, 2024, 244, (C)
4. News or animal spirits? Consumer confidence and economic activity: Redux
   Journal of Applied Econometrics, 2024, 39, (5), 960-966
   See also Working Paper News or Animal Spirits? Consumer Confidence and Economic Activity: Redux, CAMA Working Papers (2024) (2024)
5. Revisiting the monetary transmission mechanism through an industry-level differential approach
   Journal of Monetary Economics, 2024, 145, (C) View citations (9)
   See also Working Paper Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach, Working papers (2023) View citations (1) (2023)

2023

6. Household indebtedness and the macroeconomic effects of tax changes
   Journal of Economic Behavior & Organization, 2023, 209, (C), 22-52 View citations (2)
   See also Working Paper Household Indebtedness and the Macroeconomic Effects of Tax Changes, CAMA Working Papers (2022) (2022)
7. Is domestic uncertainty a local pull factor driving foreign capital inflows? New cross-country evidence
   Journal of International Money and Finance, 2023, 130, (C) View citations (15)
   See also Working Paper Is Domestic Uncertainty a Local Pull Factor Driving Foreign Capital Inflows? New Cross-Country Evidence, Working papers (2022) (2022)

2022

8. Are government spending shocks inflationary at the zero lower bound? New evidence from daily data
   Journal of Economic Dynamics and Control, 2022, 139, (C) View citations (3)
   See also Working Paper Are government spending shocks inflationary at the zero lower bound? New evidence from daily data, CAMA Working Papers (2022) View citations (3) (2022)
9. Bitcoin: An inflation hedge but not a safe haven
   Finance Research Letters, 2022, 46, (PB) View citations (31)
   See also Working Paper Bitcoin An Inflation Hedge but Not a Safe Haven, GRU Working Paper Series (2021) View citations (19) (2021)
10. Heterogeneous gains from countercyclical fiscal policy: new evidence from international industry-level data*
    (Optimal investment with costly reversibility)
    Oxford Economic Papers, 2022, 74, (3), 773-804 View citations (2)
    See also Working Paper Heterogenous Gains from Countercyclical Fiscal Policy: New Evidence from International Industry-level Data, Working papers (2020) View citations (2) (2020)
11. Inflation anchoring and growth: The role of credit constraints
    Journal of Economic Dynamics and Control, 2022, 134, (C) View citations (9)
    See also Working Paper Inflation Anchoring and Growth: The Role of Credit Constraints, Working papers (2021) (2021)
12. LABOR MARKET DYNAMICS UNDER TECHNOLOGY SHOCKS: THE ROLE OF SUBSISTENCE CONSUMPTION
    Macroeconomic Dynamics, 2022, 26, (8), 1965-1993
    See also Working Paper Labor Market Dynamics under Technology Shocks: The Role of Subsistence Consumption, GRU Working Paper Series (2020) (2020)
13. Uncertainty, Financial Markets, and Monetary Policy over the Last Century
    The B.E. Journal of Macroeconomics, 2022, 22, (2), 397-434 View citations (4)
    See also Working Paper Uncertainty, Financial Markets, and Monetary Policy over the Last Century, GRU Working Paper Series (2019) (2019)

2021

14. Bank Lending Standards, Loan Demand, and the Macroeconomy: Evidence from the Korean Bank Loan Officer Survey
    International Journal of Central Banking, 2021, 17, (71), 45 View citations (4)
15. International Fiscal-Financial Spillovers:the Effect of Fiscal Shocks on Cross-Border Bank Lending
    Open Economies Review, 2021, 32, (2), 259-290 View citations (1)
    See also Working Paper International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending, Working papers (2020) (2020)
16. Policy uncertainty and foreign direct investment
    Review of International Economics, 2021, 29, (2), 195-227 View citations (23)
    See also Working Paper Policy Uncertainty and Foreign Direct Investment, GRU Working Paper Series (2020) View citations (4) (2020)

2020

17. Changes in the effects of bank lending shocks and development of public debt markets
    Finance Research Letters, 2020, 33, (C)
    See also Working Paper Changes in the Effects of Bank Lending Shocks and the Development of Public Debt Markets, Working papers (2019) (2019)
18. International bank lending channel of monetary policy
    Journal of International Money and Finance, 2020, 102, (C) View citations (27)
    See also Working Paper International Bank Lending Channel of Monetary Policy, Working papers (2019) View citations (11) (2019)

2019

19. Financial vs. Policy Uncertainty in Emerging Market Economies
    Open Economies Review, 2019, 30, (2), 297-318 View citations (22)
    See also Working Paper Financial vs. Policy Uncertainty in Emerging Market Economies, Working papers (2018) View citations (7) (2018)
20. Uncertainty and cross-border banking flows
    Journal of International Money and Finance, 2019, 93, (C), 260-274 View citations (31)
    See also Working Paper Uncertainty and Cross-Border Banking Flows, IMF Working Papers (2018) View citations (7) (2018)

2018

21. Aggregate uncertainty and sectoral productivity growth: The role of credit constraints
    Journal of International Money and Finance, 2018, 88, (C), 314-330 View citations (40)
    See also Working Paper Aggregate Uncertainty and Sectoral Productivity Growth: The Role of Credit Constraints, Working papers (2017) View citations (9) (2017)
22. Does transparency pay? Evidence from IMF data transparency policy reforms and emerging market sovereign bond spreads
    Journal of International Money and Finance, 2018, 88, (C), 171-190 View citations (3)
23. Oil prices and inflation dynamics: Evidence from advanced and developing economies
    Journal of International Money and Finance, 2018, 82, (C), 71-96 View citations (144)
    See also Working Paper Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies, IMF Working Papers (2017) View citations (11) (2017)
24. The Impact of US Financial Uncertainty Shocks on Emerging Market Economies: An International Credit Channel
    Open Economies Review, 2018, 29, (1), 89-118 View citations (28)
    See also Working Paper The Impact of US Financial Uncertainty Shocks on Emerging Market Economies: An International Credit Channel, Working papers (2017) View citations (7) (2017)

2017

25. Variability in the effects of uncertainty shocks: New stylized facts from OECD countries
    Journal of Macroeconomics, 2017, 53, (C), 127-144 View citations (28)

2015

26. Uncertainty and unemployment: The effects of aggregate and sectoral channels
    Journal of Macroeconomics, 2015, 46, (C), 344-358 View citations (24)
    See also Working Paper Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels, IMF Working Papers (2015) View citations (24) (2015)

2013

27. Are the effects of Bloom’s uncertainty shocks robust?
    Economics Letters, 2013, 119, (2), 216-220 View citations (16)