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Sangyup (Sam) Choi is a Yonsei Lee Youn Jae Rising Fellow, an Associate Professor at the School of Economics, and Chair of Economics at Underwood International College of Yonsei University. He is also a Research Associate at the Centre for Applied Macroeconomic Analysis (CAMA) of the Australian National University and the Global Research Unit of the City University of Hong Kong. Prior to joining Yonsei University, he was an economist (Economist Program) at the Middle East and Central Asia Department of the International Monetary Fund. Previously, he also worked in the IMF’s Statistics Department and the Research Department. He received a Ph.D. in Economics from UCLA in 2015, B.A. in Economics from Yonsei University in 2009, and also studied at UC Berkeley from 2007 to 2008. His primary field of research is international finance. His research, thus far, has focused on credit market imperfections, fluctuations in uncertainty, transmission channel of monetary and fiscal policy and their international spillovers. He has published over twenty articles in international academic journals, including B.E. Journal of Macroeconomics: Advances, International Journal of Central Banking, Journal of Economic Behavior and Organization, Journal of Economic Dynamics and Control, Journal of International Money and Finance, Journal of Macroeconomics, Macroeconomic Dynamics, Oxford Economic Papers, and Review of International Economics. He received a university-wide research excellence award in 2020 and 2022, the Choheon Academic Award in 2022, and the Korea Economic Research Award in 2022. He was listed among young and influential economists in Korea by Chosun Biz.

Email: sangyupchoi@gmail.com (for research and personal); sangyupchoi@yonsei.ac.kr (for teaching and admin)

Web:  www.sangyupchoi.com 

Address: School of Economics, Yonsei University, 50 Yonsei-ro, Sinchon-dong, Seodaemun-gu, Seoul, Korea    

Click here for a downloadable CV (March 2023)

Research and Teaching Interests

Primary: International Finance

Secondary: Macroeconomics, Financial Markets, Banking

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[Featured in Roger Farmer's Economic Window] [Featured in Yonsei Research Magazine] [Featured in Yonsei News] 

[News]

• April 2023. My new working paper "News or animal spirits? Consumer confidence and economic activity: redux" is now available.

• March 2023. My paper "Household indebtedness and the macroeconomic effects of tax changes" is now forthcoming in the Journal of Economic Behavior and Organization.

• January 2023. My new working paper "One monetary policy and two bank lending standards: a tale of two Europes" is now available.

• October 2022. My paper "Is domestic uncertainty a local pull factor driving foreign capital inflows? New cross-country evidence" is now forthcoming in the Journal of International Money and Finance.

• August 2022. My new working paper "Impact of uncertainty shocks on income and wealth inequality" is now available.

• April 2022. My paper "Are government spending shocks inflationary at the zero lower bound? New evidence from daily data" is now forthcoming in the Journal of Economic Dynamics and Control.

• February 2022. My new policy work "Boom-bust cycles revisited: the role of credit supply" is now available.

• January 2022. My new working paper "Revisiting the monetary transmission mechanism through an industry-level differential approach" is now available.

• November 2021. My paper "Inflation anchoring and growth: the role of credit constraints" is forthcoming in the Journal of Economic Dynamics and Control.

• October 2021. My paper "Bank lending standards, loan demand, and the macroeconomy: evidence from the Korean bank loan officer survey" is forthcoming in the International Journal of Central Banking.

• September 2021. My paper "Heterogeneous gains from countercyclical fiscal policy: new evidence from international industry-level data" is forthcoming in Oxford Economic Papers.

• June 2021. My paper "Labor market dynamics under technology shocks: the role of subsistence consumption" is forthcoming in Macroeconomic Dynamics. 

• May 2021. My paper "Uncertainty, financial markets, and monetary policy over the last century" is forthcoming in the B.E. Journal of Macroeconomics: Advances.