Working papers

From Yonsei University, Yonsei Economics Research Institute
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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

2020rwp-173: A Model of offensive versus Defensive Technology: When Does Terrorism Occur?

Jin Yeub Kim

2020rwp-171: Inefficient Relative Price Fluctuations

Daeha Cho and Kwang Hwan Kim

2020rwp-170: Power to Ignore: Locally Ordinal Bayesian Incentive Compatibility

Miho Hong and Semin Kim

2020rwp-169: Power to Ignore: An Experimental Study

Chulyoung Kim, Sang-Hyun Kim and Myunghwan Lee

2020rwp-168: Multilateral Bargaining with Proposer Selection Contest

Duk Gyoo Kim and Sang-Hyun Kim

2020rwp-167: Brave New World? Bitcoin is not the New Gold: Understanding Cryptocurrency Price Dynamics

Sangyup Choi and Junhyeok Shin

2020rwp-166: Dealing with Markov-Switching Parameters in Quantile Regression Models

Yunmi Kim, Lijuan Huo and Tae-Hwan Kim

2020rwp-165: Testing for Structural Breaks in Return-Based Style Regression Models

Yunmi Kim, Douglas Stone and Tae-Hwan Kim

2020rwp-164: Impulse Response Analysis in Conditional Quantile Models and an Application to Monetary Policy

Tae-Hwan Kim, Dong Jin Lee and Paul Mizen

2020rwp-163: Does Political Orientation Affect Happiness? The Case of South Korea

Yunmi Kim, Sang-Wook Lee and Tae-Hwan Kim

2020rwp-162: Sequentially Estimating the Structural Equation by Power Transformation

Jaedo Choi, Jin Seo Cho and Hyungsik Moon

2019rwp-161: Do Financial Analysts Herd?

Jin Yeub Kim, Yongjun Kim and Myungkyu Shim

2019rwp-160: Credible Promise: Conflict and Security on the Korean Peninsula

Jin Yeub Kim

2019rwp-159: Neutral Public Good Mechanisms

Jin Yeub Kim

2019rwp-158: Exoneree Compensation and Endogenous Plea Bargaining: Theory and Experiment

Chulyoung Kim and Sang-Hyun Kim

2019rwp-157: Adversarial Bias and Court-Appointed Experts in Litigation

Chulyoung Kim and Chansik Yoon

2019rwp-156: Endowment Effects in Proposal Right Contest

Youjin Hahn, Chulyoung Kim and Sang-Hyun Kim

2019rwp-155: The Effects of "Observability" on Rejection Behavior in Ultimatum Game Experiments

Miho Hong, Chulyoung Kim, Sang-Hyun Kim and Sangyoon Nam

2019rwp-154: Two-Step Estimation of the Nonlinear Autoregressive Distributed Lag Model

Jin Seo Cho, Matthew Greenwood-Nimmo and Yongcheol Shin

2019rwp-153: Parametric Inference on the Mean of Functional Data Applied to Lifetime Income Curves

Jin Seo Cho, Peter Phillips and Juwon Seo

2019rwp-152: Testing for the Sandwich-Form Covariance Matrix Applied to Quasi-Maximum Likelihood Estimation Using Economic and Energy Price Growth Rates

Lijuan Huo and Jin Seo Cho

2019rwp-151: Comprehensive Testing of Linearity against the Smooth Transition Autoregressive Model

Dakyung Seong, Jin Seo Cho and Timo Teräsvirta

2019rwp-150: Measuring the energy poverty and the severity in Korea

Ha-Hyun Jo, Hyung-Woo Lim and Hae-Dong Kim

2019rwp-149: Improvement of energy poverty indicators by capturing the multifaceted nature

Ha-Hyun Jo and Hae-Dong Kim

2019rwp-148: The policy issues for improvement of the Korean energy policies and implications of foreign energy poverty indicators

Ha-Hyun Jo and Hae-Dong Kim

2019rwp-147: Can Partisan News Shift Political Preference and Voting Behavior? An Experimental Evidence from Taiwan's General Elections 2016

Chun-Fang Chiang, Semin Kim, SunTak Kim, Chien-Hsun Lin and Ming-Jen Lin

2019rwp-146: Decision Making and Games with Vector Outcomes

Jaeok Park

2019rwp-145: International Bank Lending Channel of Monetary Policy

Silvia Albrizio, Sangyup Choi, Davide Furceri and Chansik Yoon

2019rwp-144: Policy Uncertainty and FDI Flows: The Role of Institutional Quality and Financial Development

Sangyup Choi, Davide Furceri and Chansik Yoon

2019rwp-143: Inflation Anchoring, Real Borrowing Costs, and Growth: Evidence from Sectoral Data

Sangyup Choi, Davide Furceri and Prakash Loungani

2019rwp-142: Uncertainty, Financial Markets, and Monetary Policy over the Last Century

Sangyup Choi and Chansik Yoon

2019rwp-141: Preemptive Entry in Sequential Auctions with Participation Cost

Jeongwoo Lee and Jaeok Park

2019rwp-140: Changes in the Effects of Bank Lending Shocks and the Development of Public Debt Markets

Sangyup Choi

2018rwp-139: Stable Constitutions

Daeyoung Jeong and Semin Kim

2018rwp-138: Unanimity and Local Incentive Compatibility

Miho Hong and Semin Kim