Sangyup Choi

Yonsei University

Seoul

Korea, Republic of (South Korea)

Australian National University (ANU) - Centre for Applied Macroeconomic Analysis (CAMA)

  • Yonsei University

SCHOLARLY PAPERS

22

DOWNLOADS

1,377

SSRN CITATIONS

76

CROSSREF CITATIONS

17

Scholarly Papers (22)

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1.

Brave New World? Bitcoin is not the New Gold: Understanding Cryptocurrency Price Dynamics

Number of pages: 43 Posted: 07 Apr 2020
Sangyup Choi and Junhyeok Shin
Yonsei University and Yonsei University
Downloads 223 (210,464)
Citation 1

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Cryptocurrencies, Bitcoin, safe-haven, gold, quantity equation, Vector Autoregressions

2.

Financial vs. Policy Uncertainty in Emerging Economies

Number of pages: 27 Posted: 02 Nov 2016 Last Revised: 22 Jul 2018
Sangyup Choi and Myungkyu Shim
Yonsei University and Yonsei University - School of Economics
Downloads 179 (256,767)
Citation 6

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Business Cycle Fluctuations, Policy Uncertainty, Financial Uncertainty, Emerging Economies, Sign-Restriction VARs, Local Projections

3.

The Impact of US Financial Uncertainty Shocks on Emerging Market Economies: An International Credit Channel

Number of pages: 58 Posted: 01 Nov 2016
Sangyup Choi
Yonsei University
Downloads 105 (388,521)
Citation 6

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Uncertainty shocks, Emerging market economies, International credit channel, Vector Autoregressions, Portfolio choice model, Value-at-Risk constraint, Currency mismatch

4.

Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies

IMF Working Paper No. 17/196
Number of pages: 56 Posted: 14 Sep 2017
Sangyup Choi, Davide Furceri, Prakash Loungani, Saurabh Mishra and Marcos Poplawski-Ribeiro
Yonsei University, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 77 (471,663)
Citation 5

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Monetary policy, JEL Classification Numbers: E31, E37, Q43 Keywords: oil price shocks, inflation pass-through, local projections, oil price shocks, Forecasting and Simulation, Energy and the Macroeconomy, Q43, Keywords: oil price shocks

5.

Uncertainty, Financial Markets, and Monetary Policy over the Last Century

Number of pages: 52 Posted: 14 May 2019 Last Revised: 21 Dec 2020
Sangyup Choi and Chansik Yoon
Yonsei University and Princeton University
Downloads 74 (482,437)
Citation 3

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uncertainty shocks, financial channel, counterfactual VARs, local projections, zero-lower-bound

6.

Policy Uncertainty and Foreign Direct Investment

Number of pages: 47 Posted: 19 Feb 2021
Sangyup Choi, Davide Furceri and Chansik Yoon
Yonsei University, International Monetary Fund (IMF) and Princeton University
Downloads 70 (497,035)
Citation 3

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Policy uncertainty, FDI inflows, Elections, Financial development

7.

Uncertainty and Cross-Border Banking Flows

IMF Working Paper No. 18/4
Number of pages: 52 Posted: 18 Jan 2018
Sangyup Choi and Davide Furceri
Yonsei University and International Monetary Fund (IMF)
Downloads 68 (504,836)
Citation 5

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Sudden stops, uncertainty, cross-border banking flows, retrenchment, portfolio rebalancing, flight-to-quality, International Policy Coordination and Transmission

8.

International Bank Lending Channel of Monetary Policy

Downloads 67 (508,734)
Citation 23

International Bank Lending Channel of Monetary Policy

IMF Working Paper No. 19/234
Number of pages: 62 Posted: 03 Dec 2019
Silvia Albrizio, Sangyup Choi, Davide Furceri and Chansik Yoon
Banco de España, Yonsei University, International Monetary Fund (IMF) and Princeton University
Downloads 37 (672,227)
Citation 2

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Central banking and monetary issues, Monetary policy instruments, Central bank role, Interest rate differential, Central banks, Monetary policy spillovers, International bank lending channel, Cross-border banking flows, Global financial cycles, Local projections, WP, recipient country, cross-border, projection method, policy action, Gertler

International Bank Lending Channel of Monetary Policy

Banco de Espana Working Paper No. 1938
Number of pages: 64 Posted: 22 Nov 2019
Silvia Albrizio, Sangyup Choi, Davide Furceri and Chansik Yoon
Banco de España, Yonsei University, International Monetary Fund (IMF) and Princeton University
Downloads 30 (720,797)
Citation 21

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monetary policy spillovers, international bank lending channel, cross-border banking flows, global financial cycles, local projections

9.

Household Indebtedness and the Macroeconomic Effects of Tax Changes

Downloads 66 (512,721)
Citation 1

Household Indebtedness and the Macroeconomic Effects of Tax Changes

Number of pages: 49 Posted: 04 Dec 2021 Last Revised: 05 May 2022
Sangyup Choi and Junhyeok Shin
Yonsei University and Johns Hopkins University
Downloads 59 (550,813)
Citation 1

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Tax policy, Household debt, Borrowing constraints, Marginal propensity to consume, Nonlinearity, Local projections

Household Indebtedness and the Macroeconomic Effects of Tax Changes

Number of pages: 51 Posted: 09 Mar 2023
Sangyup Choi and Junhyeok Shin
Yonsei University and Johns Hopkins University
Downloads 7 (924,416)

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Tax policy, Household debt, Borrowing constraints, Marginal propensity to consume, Nonlinearity, Local projections

10.

Bank Lending Standards, Loan Demand, and the Macroeconomy: Evidence from the Korean Bank Loan Officer Survey

Yonsei University Working Paper 18-126
Number of pages: 59 Posted: 27 Dec 2018 Last Revised: 21 Dec 2020
Sangyup Choi
Yonsei University
Downloads 57 (550,877)
Citation 1

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Bank loan officer survey, Sign-restriction VARs, Bank lending shocks, Emerging market economies, Credit market imperfections

11.

Aggregate Uncertainty and Sectoral Productivity Growth: The Role of Credit Constraints

IMF Working Paper No. 16/174
Number of pages: 44 Posted: 09 Dec 2016
Sangyup Choi, Davide Furceri, Yifei Huang and Prakash Loungani
Yonsei University, International Monetary Fund (IMF), International Monetary Fund (IMF) - African Department and International Monetary Fund (IMF)
Downloads 56 (555,401)
Citation 7

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Productivity, Industry, Economic growth, Manufacturing sector, Developed countries, Econometric models, Time series, productivity growth; financial dependence; uncertainty

12.

Are government spending shocks inflationary at the zero lower bound? New evidence from daily data

Number of pages: 57 Posted: 28 Mar 2022
Sangyup Choi, Junhyeok Shin and Seung Yong Yoo
Yonsei University, Johns Hopkins University and Yonsei University
Downloads 52 (574,230)

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Zero lower bound, High-frequency data, Government spending, Online price index, New Keynesian model, Credit constraints

13.

Labor Market Dynamics under Technology Shocks: the Role of Subsistence Consumption

Yonsei University Working Paper 18-127
Number of pages: 58 Posted: 27 Dec 2018 Last Revised: 21 Dec 2020
Sangyup Choi and Myungkyu Shim
Yonsei University and Yonsei University - School of Economics
Downloads 41 (632,196)
Citation 1

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Business Cycles, Developing Economies, Subsistence Consumption, Labor Market Dynamics, Long-Run Restrictions

14.

Revisiting the Monetary Transmission Mechanism Through an Industry-Level Differential Approach

Downloads 39 (643,581)

Revisiting the Monetary Transmission Mechanism Through an Industry-Level Differential Approach

Number of pages: 65 Posted: 17 Feb 2022
Tim Willems, Sangyup Choi and Seung Yong Yoo
International Monetary Fund (IMF), Yonsei University and Yonsei University
Downloads 24 (767,743)

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Monetary policy transmission, Industry growth, Financial Frictions, Asymmetry in transmission.

Revisiting the Monetary Transmission Mechanism Through an Industry-Level Differential Approach

IMF Working Paper No. 2022/017
Number of pages: 67 Posted: 30 Mar 2022
Sangyup Choi, Tim Willems and Seung Yong Yoo
Yonsei University, International Monetary Fund (IMF) and Yonsei University
Downloads 15 (846,803)

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Monetary policy transmission, Industry growth, Financial frictions, Asymmetry in transmissions, balance sheet channel, channel of monetary policy, differential approach, IMF working papers, monetary policy stance, Financial statements, Central bank policy rate, Exchange rates, Monetary tightening, Export fluctuations, Global

15.

International Fiscal-Financial Spillovers: The Effect of Fiscal Shocks on Cross-Border Bank Lending

IMF Working Paper No. 19/150
Number of pages: 61 Posted: 27 Aug 2019
Sangyup Choi, Davide Furceri and Chansik Yoon
Yonsei University, International Monetary Fund (IMF) and Princeton University
Downloads 35 (667,899)

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Financial crises, Economic conditions, Nominal effective exchange rate, Fiscal sector, Real effective exchange rates, Fiscal-financial spillovers, Cross-border banking flows, Local projections, Nonlinear effects, Trilemma., recipient country, cross-border, fiscal expansion, Romer, projection method

16.

Fiscal Stabilization and Growth: Evidence from Industry-Level Data for Advanced and Developing Economies

IMF Working Paper No. 17/198
Number of pages: 49 Posted: 21 Mar 2018
Sangyup Choi, Davide Furceri and João Tovar Jalles
Yonsei University, International Monetary Fund (IMF) and University of Lisbon
Downloads 35 (667,899)

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Financial data, Fiscal stabilization, Fiscal stabilization, Total factor productivity, Fiscal policy, Developed countries, Developing countries, Economic growth, industry-level data, time varying coefficients, growth, technologies of production, General

17.

신용공급 변동이 경제성장 및 금융위기에 미치는 영향 (A Study on Credit Supply, Economic Growth and Financial Crisis)

KIEP Research Paper, 연구보고서 20-27
Number of pages: 124 Posted: 31 Aug 2021
Hyo Sang Kim, Sangyup Choi, Da Young Yang and Yuri Kim
Korea Institute for International Economic Policy, Yonsei University, Korea Institute for International Economic Policy and Korea Institute for International Economic Policy
Downloads 27 (721,584)

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18.

Inflation Anchoring, Real Borrowing Costs, and Growth: Evidence from Sectoral Data

Number of pages: 43 Posted: 18 Jun 2019
Sangyup Choi, Davide Furceri and Prakash Loungani
Yonsei University, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 26 (728,950)

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industry-level growth; inflation anchoring; inflation uncertainty; long-run growth; credit constraints

19.

The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads

IMF Working Paper No. 17/74
Number of pages: 34 Posted: 12 May 2017
Sangyup Choi and Yuko Hashimoto
Yonsei University and International Monetary Fund (IMF)
Downloads 24 (744,142)

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data transparency, structural reforms, sovereign bond spreads, GDDS, SDDS, event study, General

20.

Boom-bust Cycles Revisited: The Role of Credit Supply

KIEP Research Paper, World Economy Brief 22-04
Number of pages: 9 Posted: 14 Mar 2022
Hyo Sang Kim, Sangyup Choi, Da Young Yang and Yuri Kim
Korea Institute for International Economic Policy, Yonsei University, Korea Institute for International Economic Policy and Korea Institute for International Economic Policy
Downloads 22 (759,430)

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Credit, Debt, Growth, Crisis

21.

Changes in the Effects of Bank Lending Shocks and Development of Public Debt Markets

Working papers 2019rwp-140, Yonsei University, Yonsei Economics Research Institute
Number of pages: 17 Posted: 30 May 2019
Sangyup Choi
Yonsei University
Downloads 21 (767,346)
Citation 1

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Bank lending shocks, Sign-restriction VARs, Great Moderation, Public debt market, Loans and bonds

22.

Is Domestic Uncertainty a Local Pull Factor Driving Foreign Capital Inflows? New Cross-Country Evidence

Number of pages: 52 Posted: 17 Mar 2023
Sangyup Choi, Gabriele Ciminelli and Davide Furceri
Yonsei University, Organization for Economic Co-Operation and Development (OECD) and International Monetary Fund (IMF)
Downloads 13 (835,844)

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Uncertainty, Capital flows, World Uncertainty Index, Mutual funds, ETFs, COVID-19