Working papers

From Yonsei University, Yonsei Economics Research Institute
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2025rwp-274: Public Demand and Financial Implications for Retail CBDC: A Randomized Survey Experiment

Duk Gyoo Kim, Ohik Kwon and Seungduck Lee

2025rwp-273: Demand for Home Pension and Reverse Mortgage: An Information Provision Survey Experiment

Duk Gyoo Kim and In Do Hwang

2025rwp-272: Positive and Negative Selection in Bargaining

Dongkyu Chang, Duk Gyoo Kim and Wooyoung Lim

2025rwp-271: Redistribution, distortions, and the welfare effects of Social Security

Youngsoo Jang, Svetlana Pashchenko and Ponpoje Porapakkarm

2025rwp-270: The Role of Wealth and Participation Decisions in Designing Unemployment Insurance

Youngsoo Jang and Ji-Woong Moon

2025rwp-269: Redistribution and Government Commitment

Youngsoo Jang

2025rwp-268: Mortality Regressivity and Pension Design

Youngsoo Jang, Svetlana Pashchenko and Ponpoje Porapakkarm

2025rwp-267: Identification and Estimation of Dynamic Games with Unknown Information Structure

Konan Hara, Yuki Ito and Paul S. Koh

2025rwp-266: Concentration-Based Inference for Evaluating Horizontal Mergers

Paul S. Koh

2025rwp-265: Anonymous voting in a heterogeneous society

Yaron Azrieli, Ritesh Jain and Semin Kim

2025rwp-264: Economies of Scope from Shared Inputs

Paul S. Koh and Devesh Raval

2025rwp-263: Merger Analysis with Unobserved Prices

Paul S. Koh

2025rwp-262: Market Definition: A Sensitivity Analysis

Paul S. Koh

2025rwp-261: Attention-Dependent Monetary Transmission to Household Beliefs

Jaemin Jeong, Eunseong Ma and Choongryul Yang

2025rwp-260: Twin Goals, One Policy: Cost-Effective Collaborative Abatement via New Energy Cities

Bingcheng Zhu, Hongyun Huang, Ying Liu and Ning Zhang

2025rwp-259: Towards low-carbon development through integration of technology and finance: Quasi-experimental evidence from China

Yantuan Yu and Ning Zhang

2025rwp-258: Revealing the Power of Market-Based Energy Policy: Evidence from China’s Energy Quota Trading System Using Machine Learning

Yantuan Yu and Ning Zhang

2025rwp-257: Fintech Pilot Programs and Digital Innovation: Evidence from Quasi-Natural Experiments in China

Xiaolin Yu and Jin Seo Cho

2025rwp-256: One Size Does Not Fit All: Unveiling Asymmetric Transmission of Monetary Policy in the Euro Area

Sangyup Choi, Kimoon Jeong and Jiseob Kim

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