Working papers

From Yonsei University, Yonsei Economics Research Institute
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2025rwp-255: Can We Anchor Macroeconomic Expectations Across Party Lines? Evidence from a Randomized Control Trial

Siye Bae, Sangyup Choi, Sang-Hyun Kim, Myunghwan Andrew Lee and Myungkyu Shim

2025rwp-254: Testing for the Mixture Hypothesis of Poisson Regression Models

Jin Seo Cho

2025rwp-253: The Value of Information in Oligopoly with Endogenous Entry

Jihwan Do and Jeremy Kettering

2025rwp-252: Bubbles and Collateral

Yu Awaya, Jihwan Do and Makoto Watanabe

2025rwp-251: Vertical Contracting and Information Spillover in Cournot Competition

Jihwan Do and Nicolas Riquelme

2025rwp-250: Price Discrimination against Multi-Clouders

Jihwan Do and Jeanine Miklos-Thal

2025rwp-249: Monopoly Data Sales over Information-Sharing Networks

Jihwan Do, Lining Han and Xiaoxi Li

2025rwp-248: Practical Testing for Normal Mixtures

Jin Seo Cho

2025rwp-247: Quantile ARDL Estimation of the Relationship between the Confirmed COVID-19 Cases and Deaths in the U.S

Xin Jing and Jin Seo Cho

2025rwp-246: An empirical assessment of the influence of informative rotation prior in the sign-identified SVAR model

Hyeon-seung Huh and David Kim

2025rwp-245: Dissecting Monetary Policy Shocks in Sign-Restricted SVAR Models

Hyeon-seung Huh and David Kim

2025rwp-244: Paradox of Public Information Disclosure in the Presence of an Asset Market

Seongkyun Kim and Myungkyu Shim

2025rwp-243: Financial Prices and Equilibrium Uniqueness In Global Games Models of Crises

Giacomo Rondina and Myungkyu Shim

2025rwp-242: Extreme Temperature Shocks And Labor Market Heterogeneity: Regional Evidence From Korea

SooJin Jo, Juntae Kim and Myungkyu Shim

2025rwp-241: HOW COSTLY ARE BUSINESS CYCLE VOLATILITY AND INFLATION? A VOX POPULI APPROACH

Dimitris Georgarakos, Kwang Hwan Kim, Olivier Coibion, Myungkyu Shim, Myunghwan Andrew Lee, Yuriy Gorodnichenko, Geoff Kenny, Seowoo Han and Michael Weber

2025rwp-240: US Monetary Policy, Exchange Rates, and Delayed Portfolio Adjustments

Sangyup Choi, Jongho Park and Kwangyong Park

2025rwp-239: Good-Citizen Lottery

Duk Gyoo Kim

2025rwp-238: Unveiling the Failure of Positive Selection

Dongkyu Chang, Duk Gyoo Kim and Wooyoung Lim

2024rwp-237: Distributive Implications for Governing Party Constituencies: Evidence from Bangladesh

Youjin Hahn, Kanti Nuzhat, Hee-Seung Yang and Haishan Yuan

2024rwp-236: Pandemic Work Mode and Automation: Evidence from South Korea

Youngsoon Kwon, Myungkyu Shim and Hee-Seung Yang

2024rwp-235: Credit and Child Labor Complementarity in the Wake of Natural Disaster: Evidence from Indonesia

Michell Yoonjei Dong and Hee-Seung Yang

2024rwp-234: Why Old-Age Poverty Matters: Evidence from Consumption Responses to Income Shocks

Yunho Cho, Jiseob Kim and Julie Kim

2024rwp-233: Inflation Indexation and Zero Lower Bound

Daeha Cho and Eunseong Ma

2024rwp-232: GMM Estimation with Brownian Kernels Applied to Income Inequality Measurement

Jin Seo Cho and Peter Phillips

2024rwp-231: Designing Optimal Progressive Taxation with Hours Constraints

Kitae Cho and Eunseong Ma

2024rwp-230: Biased Mediation: Selection and Effectiveness

Jin Yeub Kim and Jong Jae Lee

2024rwp-229: Haircut, Interest Rate, and Collateral Quality in the Tri-Party Repo Market: Evidence and Theory

Sangyup Choi, Inkee Jang, Kee-Youn Kang and Hyunpyung Kim

2024rwp-228: Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option

Sangyup Choi, Kimoon Jeong and Jiseob Kim

2024rwp-227: Estimating and Inferring the Nonlinear Autoregressive Distributed Lag Model by Ordinary Least Squares

Jin Seo Cho

2024rwp-226: Generalized Impulse and Its Measure

Yunmi Kim and Tae-Hwan Kim

2024rwp-225: The 40-Hour Work Week

Eunseong Ma

2024rwp-224: Profit Sharing in Partnerships: Complementarity, Productivity, and Commitment

Byung-Cheol Kim, Jin Yeub Kim and Hyunjun Cho

2023rwp-223: Impacts of In-Person School Days on Student Outcomes and Inequality: Evidence from Korean High Schools during the Pandemic

Youjin Hahn, Hyuncheol Bryant Kim and Hee-Seung Yang

2023rwp-222: Heterogeneity in the Effects of Uncertainty Shocks on Labor Market Dynamics and Extensive vs. Intensive Margins of Adjustment

Sangyup Choi, Davide Furceri and Seung Yong Yoo

2023rwp-221: Geopolitical Risk and Foreign Portfolio Investment: A Tale of Advanced and Emerging Markets

Sangyup Choi and Jiri Havel

2023rwp-220: Asymmetric Interest Rate Pass-through and Its Effects on Macroeconomic Variables: Evidence from Thailand

Thosapon Tonghui and Jin Seo Cho

2023rwp-219: Housing Market Connectedness and Transmission of Monetary Policy

Woo Suk Lee and Eunseong Ma

2023rwp-217: Forecasting the Confirmed COVID-19 Cases Using Modal Regression

Xin Jing and Jin Seo Cho

2023rwp-216: News or Animal Spirits? Consumer Confidence and Economic Activity: Redux

Sangyup Choi, Jaehun Jeong, Dohyeon Park and Donghoon Yoo

2023rwp-215: Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach

Sangyup Choi, Tim Willems and Seung Yong Yoo

2023rwp-214: Auctions with Externalities: An Experimental Study

Chulyoung Kim, Sang-Hyun Kim, Jinhyuk Lee and Jaeok Park

2023rwp-213: The Well-Being of Cities: Estimating Migration Attractiveness from Internal Migration across Korean Cities

Seung Hoon Lee, Hyoung Chul Kim and Ji Sub Park

2023rwp-212: On the (Robust) Ex-post Stability of Constitutions

Semin Kim

2023rwp-211: Functional Data Inference in a Parametric Quantile Model applied to Lifetime Income Curves

Jin Seo Cho, Peter Phillips and Juwon Seo

2023rwp-210: The Asymmetric Response of Dividends to Earnings News

Jin Seo Cho, Matthew Greenwood-Nimmo and Yongcheol Shin

2023rwp-209: One Monetary Policy and Two Bank Lending Standards: A Tale of Two Europes

Sangyup Choi, Kimoon Jeong and Jiseob Kim

2022rwp-208: The Impact of Single Households on Local Economy: Evidence from Korea’s Demographic Trends

Hee-Seung Yang and Sungjin Kim

2022rwp-207: Does the Small Business Programme Benefit Self-Employed Workers? Evidence from Nicaragua

Hee-Seung Yang, Booyuel Kim and Rony Rodriguez-Ramirez

2022rwp-206: Trusted Institutions and Policy Compliance: Evidence from COVID-19 Mobility Patterns in Korea

Hee-Seung Yang and Sungjin Kim

2022rwp-205: Partisan Bias in Inflation Beliefs: New Evidence from Korea

Sangyup Choi, Sang-Hyun Kim, Myunghwan Andrew Lee, Siye Bae and Myungkyu Shim