Sangyup Choi

Yonsei University

Seoul

Korea, Republic of (South Korea)

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

SCHOLARLY PAPERS

26

DOWNLOADS

2,083

SSRN CITATIONS

140

CROSSREF CITATIONS

18

Scholarly Papers (26)

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 255 (223,477)
Citation 2

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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 199 (282,697)
Citation 7

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

3.

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 148 (369,385)
Citation 14

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Policy uncertainty, FDI inflows, Elections, Financial development

4.
Downloads 124 (419,182)
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

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 106 (474,061)
Citation 4

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

6.

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
Yonsei University, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 101 (487,043)
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

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 74 (597,667)
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 25 (935,462)

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

International Bank Lending Channel of Monetary Policy

IMF Working Paper No. 19/234
Number of pages: 62 Posted: 03 Dec 2019
Banco de España, Yonsei University, International Monetary Fund (IMF) and Princeton University
Downloads 48 (744,931)
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
Banco de España, Yonsei University, International Monetary Fund (IMF) and Princeton University
Downloads 47 (751,738)
Citation 21

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

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 52 (718,185)

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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 33 (861,072)

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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

10.

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 79 (567,919)
Citation 9

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

11.

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
Yonsei University, International Monetary Fund (IMF) and University of Lisbon
Downloads 76 (580,766)

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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

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 75 (585,153)

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

13.

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 70 (607,693)
Citation 1

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

14.

News or Animal Spirits? Consumer Confidence and Economic Activity: Redux

Bank of Finland Research Discussion Paper No. 8/2023
Number of pages: 37 Posted: 27 Apr 2023
Yonsei University, Duke University, Sogang University and Academia Sinica
Downloads 68 (621,860)

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consumer confidence, news, animal spirits, Great Recession, state-level analysis, kulutus, kuluttajat, luottamus, tuotanto, inflaatio

15.

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
Yonsei University, International Monetary Fund (IMF), International Monetary Fund (IMF) - African Department and International Monetary Fund (IMF)
Downloads 67 (621,860)
Citation 11

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

16.

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 58 (668,557)
Citation 1

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

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 55 (685,299)

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18.

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

Number of pages: 52 Posted: 17 Mar 2023
Yonsei University, Organization for Economic Co-Operation and Development (OECD) and International Monetary Fund (IMF)
Downloads 52 (702,993)

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

19.

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 48 (728,120)

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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

20.

Impact of Uncertainty Shocks on Income and Wealth Inequality

CAMA Working Paper 33/2023
Number of pages: 50 Posted: 02 Aug 2023
Sangyup Choi and Jeeyeon Phi
Yonsei University and Yonsei University
Downloads 39 (790,455)

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Uncertainty shocks, Income inequality, Labor income vs. non-labor income, Redistribution policy and disposable income, Wealth inequality

21.

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 38 (797,881)

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

22.

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 36 (813,202)

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Credit, Debt, Growth, Crisis

23.

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 36 (813,202)

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

24.

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 31 (853,927)
Citation 1

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

25.

One Monetary Policy and Two Bank Lending Standards: A Tale of Two Europes

Number of pages: 45 Posted: 02 Nov 2023
Sangyup Choi, Kimoon Jeong and Jiseob Kim
Yonsei University, University of Virginia - Department of Economics and University of Rochester
Downloads 25 (907,556)

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Euro area, Mortgage credit, Monetary policy stance gap, Bank lending survey, Macroprudential policy, Cross-border banking flows

26.

Revisiting the Monetary Tansmission Mechanism Through an Industry‑level Differential Approach

Bank of England Working Paper No. 1024
Number of pages: 61 Posted: 22 Jun 2023
Sangyup Choi, Tim Willens and Seung Yong Yoo
Yonsei University, Bank of England and Yonsei University
Downloads 18 (977,046)

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Monetary policy transmission, industry growth, financial frictions, heterogeneity in transmission, monetary policy shocks