Woong Yong Park

University of Illinois at Urbana-Champaign - Department of Economics

Assistant Professor

410 David Kinley Hall

1407 W. Gregory

Urbana, IL 61801

United States

SCHOLARLY PAPERS

8

DOWNLOADS

551

CITATIONS
Rank 45,334

SSRN RANKINGS

Top 45,334

in Total Papers Citations

3

Scholarly Papers (8)

Effects of US Quantitative Easing on Emerging Market Economies

Crawford School CAMA Working Paper No. 47/2015
Number of pages: 83 Posted: 08 Dec 2015
Saroj Bhattarai, Arpita Chatterjee and Woong Yong Park
University of Texas at Austin - Department of Economics, UNSW Australia Business School, School of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 100 (226,011)

Abstract:

US Quantitative Easing, Spillovers, Emerging Market Economies, Bayesian VAR, Panel VAR, Non-recursive Identification, Fragile Five Countries

Effects of US Quantitative Easing on Emerging Market Economies

UNSW Business School Research Paper No. 2015-26
Number of pages: 69 Posted: 03 Nov 2015
Saroj Bhattarai, Arpita Chatterjee and Woong Yong Park
University of Texas at Austin - Department of Economics, UNSW Australia Business School, School of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 51 (333,561)

Abstract:

US Quantitative Easing, Spillovers, Emerging Market Economies, Bayesian VAR, Panel VAR, Non-recursive Identification, Fragile Five Countries

Effects of Us Quantitative Easing on Emerging Market Economies

Globalization and Monetary Policy Institute Working Paper No. 255
Number of pages: 68 Posted: 28 Jan 2016
Saroj Bhattarai, Arpita Chatterjee and Woong Yong Park
University of Texas at Austin - Department of Economics, UNSW Australia Business School, School of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 26 (430,764)

Abstract:

Inflation Dynamics: The Role of Public Debt and Policy Regimes

Number of pages: 67 Posted: 02 Jun 2012 Last Revised: 16 Jul 2015
Saroj Bhattarai, Jae Won Lee and Woong Yong Park
Pennsylvania State University - Department of Economics, Rutgers University, New Brunswick/Piscataway - Faculty of Arts and Sciences - New Brunswick/Piscataway - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 75 (271,981)
Citation 1

Abstract:

Inflation target, Inflation response, Public debt, Monetary and fiscal policy regimes, Monetary and fiscal policy stances

Inflation Dynamics: The Role of Public Debt and Policy Regimes

CAMA Working Paper No. 75/2013
Number of pages: 67 Posted: 29 Nov 2013
Saroj Bhattarai, Jae Won Lee and Woong Yong Park
Pennsylvania State University - Department of Economics, Seoul National University - School of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 19 (470,751)
Citation 1

Abstract:

Time-varying inflation target, Inflation response, Public debt, Monetary and fiscal policy regimes, Monetary and fiscal policy stances, DSGE model

3.

Optimal Monetary Policy in a Currency Union with Interest Rate Spreads

Number of pages: 49 Posted: 04 Apr 2013 Last Revised: 31 Jul 2015
Saroj Bhattarai, Jae Won Lee and Woong Yong Park
Pennsylvania State University - Department of Economics, Rutgers University, New Brunswick/Piscataway - Faculty of Arts and Sciences - New Brunswick/Piscataway - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 81 (209,992)

Abstract:

Currency union, Optimal monetary policy, Redistributive monetary policy, Financial frictions, Interest rate spreads, Spread-adjusted Taylor rule

4.

Are Currencies Coordinating? The Coupling-Decoupling Behavior of Won-Dollar and Yen-Dollar Exchange Rates

Seoul Journal of Economics, Vol. 25, No. 4, pp. 367-386, 2012
Number of pages: 20 Posted: 30 Nov 2012
Jae-Young Kim, Yun-Jong Wang and Woong Yong Park
Seoul National University - Department of Economics, SK China and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 37 (328,306)

Abstract:

band-reverting behavior, threshold cointegration, structural change, financial crisis, Won-Yen exchange rate

5.

Policy Regimes, Policy Shifts, and U.S. Business Cycles

Number of pages: 52 Posted: 03 Jun 2012 Last Revised: 16 Jul 2015
Saroj Bhattarai, Jae Won Lee and Woong Yong Park
Pennsylvania State University - Department of Economics, Rutgers University, New Brunswick/Piscataway - Faculty of Arts and Sciences - New Brunswick/Piscataway - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 37 (322,467)
Citation 2

Abstract:

Monetary and fiscal policy regimes, Monetary and fiscal policy transmission; Indeterminacy, Self-fulfilling beliefs, Output, inflation, debt dynamics, Bayesian estimation of DSGE models

Price Indexation, Habit Formation, and the Generalized Taylor Principle

CAMA Working Paper Series Paper 52/2013
Number of pages: 24 Posted: 20 Aug 2013 Last Revised: 31 Jul 2015
Saroj Bhattarai, Jae Won Lee and Woong Yong Park
Pennsylvania State University - Department of Economics, Rutgers University, New Brunswick/Piscataway - Faculty of Arts and Sciences - New Brunswick/Piscataway - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 12 (511,563)

Abstract:

determinacy, Generalized Taylor Principle, sticky prices, price indexation, habit formation, steady-state inflation

Price Indexation, Habit Formation, and the Generalized Taylor Principle

Number of pages: 16 Posted: 02 Aug 2013 Last Revised: 31 Jul 2015
Saroj Bhattarai, Jae Won Lee and Woong Yong Park
Pennsylvania State University - Department of Economics, Rutgers University, New Brunswick/Piscataway - Faculty of Arts and Sciences - New Brunswick/Piscataway - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 10 (522,778)

Abstract:

Determinacy, Generalized Taylor Principle, Sticky prices, Price indexation, Habit formation, Steady-state inflation

7.

Yield Curve and Monetary Policy Expectations in Small Open Economies

Federal Reserve Bank of Kansas City Working Paper No. 14-13
Number of pages: 56 Posted: 28 Nov 2014 Last Revised: 11 Feb 2016
Kwan Soo Bong, Taeyoung Doh and Woong Yong Park
The Bank of Korea, Federal Reserve Bank of Kansas City and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 9 (409,402)

Abstract:

dynamic general equilibrium model, a small open economy model, yield curve, monetary policy expectations

8.

New Empirical Evidence for the Fisher Relation: Integration and Short-Run Instability

Seoul Journal of Economics 28 (No. 4 2015): 487-497
Number of pages: 12 Posted: 01 Dec 2015
Jae-Young Kim and Woong Yong Park
Seoul National University - Department of Economics and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 0 (470,298)

Abstract:

Fisher relation, Short-run instability, Fractional integration