Working papers

From Yonsei University, Yonsei Economics Research Institute
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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

2022rwp-204: The Heterogeneous Welfare Effects of Business Cycles

Eunseong Ma and Daeha Cho

2022rwp-203: Monetary Policy and Inequality: How Does One Affect the Other?

Eunseong Ma

2022rwp-202: Intensive and Extensive Margins of Labor Supply in HANK: Aggaregate and Disaggregate Implications

Eunseong Ma

2022rwp-201: Real Wage Cyclicality and Monetary Policy

Eunseong Ma

2022rwp-200: Gini in the Taylor Rule: Should the Fed Care About Inequality?

Eunseong Ma and Kwangyong Park

2022rwp-199: First-Price and Second-Price Auctions with Externalities: An Experimental Study

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

2022rwp-198: Strategic Alliances in a Veto Game: An Experimental Study

Sang-Hyun Kim, Chulyoung Kim, Jinhyuk Lee and Joosung Lee

2022rwp-197: A DUAL APPROACH TO AGENCY PROBLEMS: EXISTENCE

Chang Koo Chi and Kyoung Jin Choi

2022rwp-196: Impact of Uncertainty Shocks on Income and Wealth Inequality

Sangyup Choi and Jeeyeon Phi

2022rwp-195: Is Domestic Uncertainty a Local Pull Factor Driving Foreign Capital Inflows? New Cross-Country Evidence

Sangyup Choi, Gabriele Ciminelli and Davide Furceri

2022rwp-194: Systematic Monetary Policy in a SVAR for Australia

Lance A. Fisher and Hyeon-seung Huh

2021rwp-193: The Central Influencer Theorem: Spatial Voting Contests with Endogenous Coalition Formation

Subhasish Chowdhury and Sang-Hyun Kim

2021rwp-192: Transitive Delegation in Social Networks: Theory and Experiment

Sang-Hyun Kim

2021rwp-191: Spillovers between Exchange Rate Pressure and CDS Bid-Ask Spreads, Reserve Assets and Oil Prices Using the Quantile ARDL Model

Shawkat Hammoudeh, Walid Mensi and Jin Seo Cho

2021rwp-190: Testing a Constant Mean Function Using Functional Regression

Jin Seo Cho, Meng Huang and Halbert White

2021rwp-189: Are Government Spending Shocks Inflationary at the Zero Lower Bound? New Evidence from Daily Data

Sangyup Choi, Junhyeok Shin and Seung Yong Yoo

2021rwp-188: Inflation Anchoring and Growth: The Role of Credit Constraints

Sangyup Choi, Davide Furceri, Prakash Loungani and Myungkyu Shim

2021rwp-187: A Unique and Robust Social Contract: An Application to Negotiations with Probabilistic Conflicts

Jin Yeub Kim

2021rwp-186: Recent Developments of the Autoregressive Distributed Lag Modelling Framework

Jin Seo Cho, Matthew Greenwood-Nimmo and Yongcheol Shin

2021rwp-185: Bitcoin: An Inflation Hedge but Not a Safe Haven

Sangyup Choi and Junhyeok Shin

2021rwp-184: Gender Differences in Repeated Dishonest Behavior: Experimental Evidence

Subhasish Chowdhury, Joo Young Jeon, Chulyoung Kim and Sang-Hyun Kim

2021rwp-183: Strategic Alliances in a Veto Game: An Experimental Study

Chulyoung Kim, Sang-Hyun Kim, Jinhyuk Lee and Joosung Lee

2020rwp-182: Performance Feedback with Team Incentive: A Field Experiment in Chinese Factories

Karen Meng Li and Sang-Hyun Kim

2020rwp-181: Managing the Public Health Risks in the Time of COVID-19

SeEun Jung and Sang-Hyun Kim

2020rwp-180: Sequentially Estimating Approximate Conditional Mean Using the Extreme Learning Machine

Lijuan Huo and Jin Seo Cho

2020rwp-179: International Fiscal-financial Spillovers: The Effect of Fiscal Shocks on Cross-border Bank Lending

Sangyup Choi, Davide Furceri and Chansik Yoon

2020rwp-178: Household Indebtedness and the Macroeconomic Effects of Tax Changes

Sangyup Choi and Junhyeok Shin

2020rwp-177: Tying in Two-Sided Markets with Below-Cost or Negative Pricing

Jong-Hee Hahn and So Hye Yoon

2020rwp-176: Heterogenous Gains from Countercyclical Fiscal Policy: New Evidence from International Industry-level Data

Sangyup Choi, Davide Furceri and Joao Jalles

2020rwp-175: A Noncooperative Foundation of the Neutral Bargaining Solution

Jin Yeub Kim

2020rwp-174: Efficient and Neutral Mechanisms in Almost Ex Ante Bargaining Problems

Jin Yeub Kim