Publications:
Articles:
[1] Jung, K. M., and J. H. Pyun (2023). A Long Run Approach to Money, Unemployment, and Equity Prices, [WP Version], Economic Modelling, Vol 125, 106337
[2] Geromichalos, A., K. M. Jung, S. Lee, and Dilon Carlos (2021). A Model of Endogenous Direct and Indirect Asset Liquidity, [WP Version], European Economic Review, Vol 132, 103627
[3] Jung, J., and K.M. Jung (2021). Stock Market Uncertainty and Uncovered Equity Parity Deviation: Evidence from Asia, [WP version], Journal of Asian Economics, Vol 73, 101271
[4] Jung, K.M., and J.H. Pyun (2020). Out-of-Sample Analysis of International Reserves for Emerging Economies with a Dynamic Panel Model, Panoeconomicus, Vol 67, No 5, 675-695.
[5] Lee, S., and K.M. Jung (2020). A Liquidity-Based Resolution of Uncovered Interest Parity Puzzle, [WP Version], Journal of Money, Credit and Banking, Vol 52, No 6, 1397-1433.
[6] Geromichalos, A., and K.M. Jung (2019). Monetary Policy and Efficiency in Over-the-Counter Financial Trade, [WP Version], Canadian Journal of Economics, Vol 52, No 3, 1699-1754.
[7] Jung, K.M (2019). Optimal Negative Interest Rate under Uncertainty (lead article), [WP Version], International Journal of Central Banking, Vol 15, No 3, 1-25.
[8] Jung, K.M (2018). Uncertainty-Induced Dynamic Inefficiency and the Optimal Inflation Rate, [WP Version], International Review of Economics and Finance, Vol 56, 486-506.
[9] Geromichalos, A., and K.M. Jung (2018). An Over-the-Counter Approach to the FOREX Market, [WP Version], International Economic Review, Vol 59, No 2, 859-905.
[10] Jung, K.M (2017). Liquidity Risk and Time-Varying Correlation between Equity and Currency Returns, [WP Version], Economic Inquiry, Vol 55, No 2, 898-919.
[11] Jung, K.M., and J.H. Pyun (2016). International Reserves for Emerging Economies: A Liquidity Approach, [WP Version] [Online Appendix], Journal of International Money and Finance, Vol 68, 230-257.
Book Chapters:
[1] Jung, K.M., "The Economics of International Reserves" in Fransisco L. Rivera-Batiz, ed, Encyclopedia of International Economics and Global Trade, Vol 2: International Money and Finance, ISBN 978-981-12-0053-3, World Scientific Publishing Co., Singapore, Chapter 6, forthcoming 2020.
[2] A subsidiary author on "The Son Also Rises: Surnames and the History of Social Mobility", Princeton University Press, 2014
Table of Contents
Current Research Projects:
Economics of Climate Change
Work in Progress
"Long Run Economic Impacts of Climate Volatility" joint with Sungwon Lee
Monetary and Finance Theory
Working Paper
"Heterogeneous Asset Valuation in OTC Markets and Optimal Inflation" joint with Athanasios Geromichalos, R&R at Journal of Economic Dynamics and Control
International Macro-Finance
Working Papers
"Uncovered Equity Parity: New Evidence from a Copula Approach" joint with Hojin Jung and Li Su
Articles:
[1] Jung, K. M., and J. H. Pyun (2023). A Long Run Approach to Money, Unemployment, and Equity Prices, [WP Version], Economic Modelling, Vol 125, 106337
[2] Geromichalos, A., K. M. Jung, S. Lee, and Dilon Carlos (2021). A Model of Endogenous Direct and Indirect Asset Liquidity, [WP Version], European Economic Review, Vol 132, 103627
[3] Jung, J., and K.M. Jung (2021). Stock Market Uncertainty and Uncovered Equity Parity Deviation: Evidence from Asia, [WP version], Journal of Asian Economics, Vol 73, 101271
[4] Jung, K.M., and J.H. Pyun (2020). Out-of-Sample Analysis of International Reserves for Emerging Economies with a Dynamic Panel Model, Panoeconomicus, Vol 67, No 5, 675-695.
[5] Lee, S., and K.M. Jung (2020). A Liquidity-Based Resolution of Uncovered Interest Parity Puzzle, [WP Version], Journal of Money, Credit and Banking, Vol 52, No 6, 1397-1433.
[6] Geromichalos, A., and K.M. Jung (2019). Monetary Policy and Efficiency in Over-the-Counter Financial Trade, [WP Version], Canadian Journal of Economics, Vol 52, No 3, 1699-1754.
[7] Jung, K.M (2019). Optimal Negative Interest Rate under Uncertainty (lead article), [WP Version], International Journal of Central Banking, Vol 15, No 3, 1-25.
[8] Jung, K.M (2018). Uncertainty-Induced Dynamic Inefficiency and the Optimal Inflation Rate, [WP Version], International Review of Economics and Finance, Vol 56, 486-506.
[9] Geromichalos, A., and K.M. Jung (2018). An Over-the-Counter Approach to the FOREX Market, [WP Version], International Economic Review, Vol 59, No 2, 859-905.
[10] Jung, K.M (2017). Liquidity Risk and Time-Varying Correlation between Equity and Currency Returns, [WP Version], Economic Inquiry, Vol 55, No 2, 898-919.
[11] Jung, K.M., and J.H. Pyun (2016). International Reserves for Emerging Economies: A Liquidity Approach, [WP Version] [Online Appendix], Journal of International Money and Finance, Vol 68, 230-257.
Book Chapters:
[1] Jung, K.M., "The Economics of International Reserves" in Fransisco L. Rivera-Batiz, ed, Encyclopedia of International Economics and Global Trade, Vol 2: International Money and Finance, ISBN 978-981-12-0053-3, World Scientific Publishing Co., Singapore, Chapter 6, forthcoming 2020.
[2] A subsidiary author on "The Son Also Rises: Surnames and the History of Social Mobility", Princeton University Press, 2014
Table of Contents
Current Research Projects:
Economics of Climate Change
Work in Progress
"Long Run Economic Impacts of Climate Volatility" joint with Sungwon Lee
Monetary and Finance Theory
Working Paper
"Heterogeneous Asset Valuation in OTC Markets and Optimal Inflation" joint with Athanasios Geromichalos, R&R at Journal of Economic Dynamics and Control
International Macro-Finance
Working Papers
"Uncovered Equity Parity: New Evidence from a Copula Approach" joint with Hojin Jung and Li Su