Teaching & Advising

Announcement

* I enjoy working with students, especially through the honors program (ECO4001). My students and I have published our research outcomes in renowned economic journals, including the Journal of Monetary Economics, Journal of Money, Credit and Banking, Journal of Economic Dynamics and Control, Journal of Applied Econometrics, Journal of International Money and Finance, Journal of Economic Behavior and Organization, B.E. Journal of Macroeconomics: Advances, Review of International Economics, Open Economies Review, Economics Letters, and Finance Research Letters. My student coauthors are continuing their doctoral studies at various prestigious PhD programs, including Duke University, Johns Hopkins University, Northwestern University, Princeton University, University of Michigan, University of Rochester, University of Virginia, and Yale University. Let's wish them the best of luck. 

* If you want a recommendation letter from me, you must take at least two courses of mine (shown below), including ECO4001 or ECO6652, and demonstrate your passion and ability for economic research. The thing I do not really care about when writing a letter is your grade in the real analysis course.

* From 2021, I teach graduate-level International Finance (ECO6652) in the Spring semester. The course will include an in-class International Finance reading group and the schedule will be posted here. I encourage the participation of advanced undergraduate students in this course. 

* I strongly recommend undergraduate students take a look at the exam samples and read the syllabus carefully before enrolling in the class. Once you enroll in the class, you will be given exams with a similar format and difficulty. Final exams are cumulative and the average scores from both classes have been 60ish. 

Yonsei University

Teaching

 ECO2101 Macroeconomics: Fall 2017, Spring 2018, Fall 2018, Spring 2019, Fall 2019, Fall 2020, Fall 2021, Fall 2022, Spring 2023 Syllabus 2018S Midterm 2018S Final 2018F Midterm 2018F Final 2019S Midterm 2019S Final 2019F Midterm 2019F Final 

 ECO2999 Field Practice by Career Yonsei: Spring 2022

 ECO3130 International Finance: Fall 2024

 ECO4001 Honors Program in Economics: Spring 2020, Spring 2021, Spring 2022

 ECO4862 Analysis of International Financial Market: Fall 2017, Spring 2018, Fall 2018, Spring 2019, Fall 2019, Spring 2020, Fall 2020, Fall 2021, Fall 2022, Spring 2023 Syllabus 2018S Midterm 2018S Final 2018F Midterm 2018F Final 2019S Midterm 2019S Final 2019F Midterm 2019F Final 2020 Take-home exam

 ECO6652 International Finance: Spring 2021, Spring 2022 International Finance Reading Group

 MBH6207 Global Economy: Fall 2021

 GEW6112 Technology and Humanities Seminar: Spring 2021

 RC511 The Global Economy in a New Normal World: Macroeconomic Perspectives: Spring 2022

Advising (School of Economics)

Student academic placements (* denotes my student coauthors)

 Main advisor

Jeeyeon Phi* (MA at Yonsei University): Ph.D. program in Economics at the University of Michigan (2024)

Jiri Havel* (MA at Yonsei University): Ph.D. program in Economics at the University of Rochester (2023)

Seung Yong Yoo* (BA at Yonsei University): Ph.D. program in Economics at Yale University (2022)

Junhyeok Shin* (BA at Yonsei University): Ph.D. program in Economics at Johns Hopkins University (2021)

Chansik Yoon* (BA at Yonsei University): Ph.D. program in Economics at Princeton University (2019)

 Letter writer/Thesis committee 

Yeonjae Emily Lee (BA at Yonsei University): LLM program at the Gould School of Law, University of Southern California (2024)

Siye Bae* (MA at Yonsei University): Ph.D. program in Economics at Northwestern University (2023)

Kimoon Jeong* (MA at Yonsei University): Ph.D. program in Economics at the University of Virginia (2023)

Juhee Kim (MA at Yonsei University): Ph.D. program in Economics at Emory University (2023)

Yun Young Gwak (MA at Yonsei University): Ph.D. program in Economics at Monash University (2023) 

Jaehun Jeong* (MA at Yonsei University): Ph.D. program in Economics at Duke University (2022)

Yun Joo An (MA at Yonsei University): Ph.D. program in Finance at the Kelly School of Business, Indiana University (2022)

Seunghwan Kim (BA at Yonsei University): MA program in Economics at the University of Texas at Austin (2021)

Hyorim Lee (MA at Yonsei University): Ph.D. program in Accounting at Korea University (2021)

Claire Seung Yeun Ahn ( BA at Yonsei University): MA program in Urban Planning at University of Pennsylvania (2020)

Kyung Woong Koh (MA at Yonsei University): Ph.D. program in Economics at Johns Hopkins University (2020)

Jinseok Park (MA at Yonsei University): Ph.D. program in Economics at the University of Southern California (2020)

Minyoung Cho (MA at Yonsei University): Ph.D. program in Economics at University of Illinois at Urbana-Champaign (2019)

Hyunsuk Kim (MA at Yonsei University): Ph.D. program in Economics at the University of Rochester (2019)

Yushik Kim (MA at Yonsei University): Ph.D. program in Economics at the University of Texas at Austin (2019)

Semi-annual student workshop in the School of Economics

 Under Prof. Chulyoung Kim's guidance, undergrad and grad students present their own research outcomes at the beginning of each semester and advisors provide feedback to help them develop the research outcomes into an academic paper. [Link]

Advising (Junior Scholar Club)

 I am an academic advisor of the Junior Scholar Club where I was also a member from 2004 to 2009 and the student president in 2008. I am currently in charge of the weekly macro reading group and student advising and mentoring. I encourage undergraduate students to apply to the JSC if they are interested in becoming an economist.  

 Weekly macro reading group

2022F: The surprisingly swift decline of US manufacturing employment (AER, 2016); Credit supply and housing speculation (RFS, 2022); Twenty years of time series econometrics in ten picture (JEP, 2017); The case for a progressive tax: from basic research to policy recommendations (JEP, 2011)

2022S: On the Macroeconomic Consequences of Over-Optimism (AEJ Macro, 2022); Long-term macroeconomic effects of climate change: A cross-country analysis (NBER WP, 2019); Understanding tax policy: How do people reason? (QJE, 2021)

2021F: The zero bound on interest rates and optimal monetary policy (BPEA, 2003); Evolution of modern business cycle models: accounting for the Great Recession (JEP, 2018); Expectations and exchange rate dynamics (JPE, 1976) 

2021S: Exchange rate dynamics redux (JPE, 1995); The purchasing power parity puzzle (JEL, 1996); A model of the consumption response to fiscal stimulus payments (ECMA, 2014)

2020F: Macro-finance (RoF, 2017); When credit bites back (JMCB, 2013)

2020S: The trend is the cycle: job polarization and jobless recoveries (RESTAT, 2020); Household debt and business cycles worldwide (QJE, 2017); Central bank swap lines: evidence on the effects of the lender of last resort (WP, 2019); The capital asset pricing model: theory and evidence (JEP, 2004)

2019F: Nominal rigidity and the dynamic effects of a shock to monetary policy (JPE, 2005); Deviations from covered interest rate (JF, 2018)

2019S: Dollar funding and the lending behavior of global banks (QJE, 2015); Prospect theory and asset prices (QJE, 2001); Monetary policy and the predictability of nominal exchange rates (Restud, 2020)

2018F: When is the government spending multiplier large? (JPE, 2011); Risk shocks (AER, 2014); Distributional national accounts: methods and estimates for the United States (QJE, 2018); Cross-border banking and global liquidity (Restud, 2015)

2018S: Household balance sheets, consumption, and the economic slump (QJE, 2013); Banking, liquidity, and bank runs in an infinite-horizon economy (AER, 2015); Uncertainty shocks in a model of effective demand (ECMA, 2017)

2017F: Monetary policy as financial stability regulation (QJE, 2012); The wealthy hand-to-mouth (BPEA, 2014)

 Semi-annual JSC student research conference

JSC students present their own research outcomes at the end of each semester and advisors provide feedback to help them develop the research outcomes into an academic paper.

 Useful archive of papers in the field of International Finance [Link]