Woon Gyu Choi

International Monetary Fund (IMF)

Senior Economist

700 19th Street NW

Washington, DC 20431

United States

The Bank of Korea

110, 3-Ga, Namdaemunno, Jung-Gu

Seoul 100-794, 100-794

Bank of Korea - Economic Research Institute

110, 3-Ga, Namdaemunno, Jung-Gu

Seoul 100-794

Korea, Republic of (South Korea)

SCHOLARLY PAPERS

20

DOWNLOADS
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Top 24,566

in Total Papers Downloads

2,309

SSRN CITATIONS
Rank 13,395

SSRN RANKINGS

Top 13,395

in Total Papers Citations

27

CROSSREF CITATIONS

58

Scholarly Papers (20)

1.
Downloads 324 (109,072)
Citation 1

Endogenous Money Supply and Money Demand

IMF Working Paper No. 00/188
Number of pages: 35 Posted: 03 Feb 2006
Woon Gyu Choi and Seonghwan Oh
International Monetary Fund (IMF) and Seoul National University
Downloads 278 (127,813)

Abstract:

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Money Demand, Money Supply Endogeneity, Financial Innovation, Monetary Policy Stance

Endogenous Money Supply and Money Demand

IMF Working Paper No. 00/188
Number of pages: 35 Posted: 11 Aug 2009
Woon Gyu Choi and Seonghwan Oh
International Monetary Fund (IMF) and Seoul National University
Downloads 46 (472,380)

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Money supply, Demand for money, Monetary policy, Economic models

2.

Capital Flows, Financial Integration, and International Reserve Holdings: The Recent Experience of Emerging Markets and Advanced Economies

IMF Working Paper No. 07/151
Number of pages: 38 Posted: 23 Aug 2007
Woon Gyu Choi, Sunil Sharma and Maria Strömqvist
International Monetary Fund (IMF), George Washington University - Elliott School of International Affairs and Brummer & Partners
Downloads 289 (123,269)
Citation 1

Abstract:

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Working Paper, Capital flows, Financial integration, Reserves, Liquidity

3.

Stock Market Liquidity and the Macroeconomy: Evidence from Japan

IMF Working Paper No. 05/6
Number of pages: 29 Posted: 10 Jan 2006
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 227 (157,149)

Abstract:

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Stock market liquidity, Liquidity shocks, Vector autoregression

4.

Financial Market Risk and U.S. Money Demand

IMF Working Paper No. 07/89
Number of pages: 35 Posted: 16 May 2007
Woon Gyu Choi
International Monetary Fund (IMF)
Downloads 217 (164,052)

Abstract:

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Demand for money, United States, Capital markets, Credit risk, Liquidity, Money markets, Investment

5.

Trade Credit and the Effect of Macro-Financial Shocks: Evidence from U.S. Panel Data

IMF Working Paper No. 03/127
Number of pages: 35 Posted: 30 Jan 2006
Woon Gyu Choi and Yungsan Kim
International Monetary Fund (IMF) and Hanyang University
Downloads 192 (183,767)
Citation 5

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Trade Credit, Accounts Payable, Accounts Receivable, Monetary Policy, Credit Channel, Panel Data

Dissecting Taylor Rules in a Structural VAR

IMF Working Paper No. 10/20
Number of pages: 27 Posted: 01 Feb 2010
Woon Gyu Choi and Yi Wen
International Monetary Fund (IMF) and Federal Reserve Bank of St. Louis - Research Department
Downloads 78 (361,695)

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Economic models, Economic stabilization, External shocks, Inflation targeting, Interest rate policy, Monetary policy, Productivity, Stabilization measures

Dissecting Taylor Rules in a Structural VAR

Federal Reserve Bank of St. Louis Working Paper 2010-005A
Number of pages: 33 Posted: 15 Mar 2010
Woon Gyu Choi and Yi Wen
International Monetary Fund (IMF) and Federal Reserve Bank of St. Louis - Research Department
Downloads 34 (530,544)
Citation 1

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endogenous monetary policy, Taylor rule, structural VAR, spectral decomposition

7.

Liability Dollarization and the Bank Balance Sheet Channel

IMF Working Paper No. 02/141
Number of pages: 27 Posted: 31 Jan 2006
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 108 (291,380)
Citation 12

Abstract:

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bank balance sheet channel, foreign currency debt, sticky prices, depreciation

8.

Optimal Monetary Policy in a Small Open Economy with Habit Formation and Nominal Rigidities

IMF Working Paper No. 03/5
Number of pages: 34 Posted: 28 Jan 2006
Woon Gyu Choi and Yongseung Jung
International Monetary Fund (IMF) and Kyung-Hee University - Department of Economics
Downloads 106 (295,324)

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optimal monetary policy, small open economy, habit formations, sticky prices

9.

Monetary Policy and Corporate Liquid Asset Demand

IMF Working Paper No. 01/177
Number of pages: 41 Posted: 03 Feb 2006
Woon Gyu Choi and Yungsan Kim
International Monetary Fund (IMF) and Hanyang University
Downloads 100 (307,080)

Abstract:

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monetary policy liquid asset demand loan commitments panel data

10.

Has Inventory Investment Been Liquidity-Constrained? Evidence from U.S. Panel Data

IMF Working Paper No. 01/122
Number of pages: 41 Posted: 01 Feb 2006
Woon Gyu Choi and Yungsan Kim
International Monetary Fund (IMF) and Hanyang University
Downloads 98 (311,049)

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inventory investment, liquidity constraint, monetary policy, panel data

11.

New Keynesian Exchange Rate Pass-Through

IMF Working Paper No. 08/213
Number of pages: 27 Posted: 12 Sep 2008
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 87 (335,646)

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Imports, Producer prices, Exchange rates, Exports, Trade models, Economic models, Working Paper

Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses

Bank of Korea WP 2014-38
Number of pages: 38 Posted: 31 Mar 2015
Woon Gyu Choi, Taesu Kang, Geun-Young Kim and Byongju Lee
International Monetary Fund (IMF), The Bank of Korea, Research Dept., Bank of Korea and The Bank of Korea
Downloads 63 (407,411)
Citation 4

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Global liquidity, Policy responses, Panel Factor-Augmented VAR

Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses

IMF Working Paper No. 17/222
Number of pages: 32 Posted: 01 Dec 2017
Woon Gyu Choi, Taesu Kang, Geun-Young Kim and Byongju Lee
International Monetary Fund (IMF), The Bank of Korea, Research Dept., Bank of Korea and The Bank of Korea
Downloads 21 (613,985)
Citation 3

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Global liquidity, Inflation targeting, Panel Factor-Augmented VAR, International Policy Coordination and Transmission

13.

Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?

IMF Working Paper No. 05/7
Number of pages: 37 Posted: 10 Jan 2006
Woon Gyu Choi and Michael B. Devereux
International Monetary Fund (IMF) and University of British Columbia (UBC) - Department of Economics
Downloads 84 (342,942)

Abstract:

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fiscal policy, government spending, Ricardian equivalence, real interest rates, regime switching, threshold vector autoregression

14.

The Inverted Fisher Hypothesis: Inflation Forecastability and Asset Substitution

IMF Working Paper No. 00/194
Number of pages: 36 Posted: 06 Feb 2006
Woon Gyu Choi
International Monetary Fund (IMF)
Downloads 79 (355,452)
Citation 1

Abstract:

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Inverted Fisher hypothesis, asset substitution, inflation forecastability, switching regression, threshold effect

Divergent EME Responses to Global and Domestic Monetary Policy Shocks

Institute of Global Finance Working Paper Vol. 3, No. 1, Paper 2
Number of pages: 34 Posted: 23 Dec 2016
Woon Gyu Choi, Byongju Lee, Taesu Kang and Geun-Young Kim
International Monetary Fund (IMF), The Bank of Korea, The Bank of Korea and Research Dept., Bank of Korea
Downloads 44 (481,382)

Abstract:

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Global liquidity, Monetary transmission, Divergent responses, Panel factor-augmented VAR

Divergent EME Responses to Global and Domestic Monetary Policy Shocks

Bank of Korea WP 2016-15
Number of pages: 38 Posted: 15 Nov 2016
Woon Gyu Choi, Byongju Lee, Taesu Kang and Geun-Young Kim
International Monetary Fund (IMF), The Bank of Korea, The Bank of Korea and Research Dept., Bank of Korea
Downloads 30 (553,063)

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Global liquidity, Monetary transmission, Divergent responses, Panel factor-augmented VAR

16.

Fire Sales and the Financial Accelerator

IMF Working Paper No. 10/141
Number of pages: 30 Posted: 21 Jun 2010
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 66 (392,556)
Citation 1

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Asset liquidation, Business cycles, Liquidity, Bankruptcy, Monetary policy, Risk premium

17.

The Inverted Fisher Hypothesis: Inflation Forecastability and Asset Substitution"

IMF Working Paper No. 00/194
Number of pages: 36 Posted: 11 Aug 2009
Woon Gyu Choi
International Monetary Fund (IMF)
Downloads 23 (581,290)

Abstract:

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Inflation, Economic forecasting, Economic models

18.

Divergent Emerging Market Economy Responses to Global and Domestic Monetary Policy Shocks

ADBI Working Paper 532
Number of pages: 30 Posted: 07 Jun 2018
Woon Gyu Choi, Taesu Kang, Geun-Young Kim and Byongju Lee
International Monetary Fund (IMF), The Bank of Korea, Research Dept., Bank of Korea and The Bank of Korea
Downloads 20 (601,066)

Abstract:

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divergent responses, global liquidity, monetary transmission, panel factor-augmented VAR

19.

Policy Conflicts and Inflation Targeting: The Role of Credit Markets

IMF Working Paper No. 18/72
Number of pages: 37 Posted: 22 May 2018
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 19 (607,773)

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Inflation targeting, Central banks and their policies, Policy Conflicts, Taylor rule, and Macroprudential Policy, Credit Growth, Macroprudential Policy, Monetary Policy (Targets, Instruments, and Effects)

20.

Measuring Interest Rates as Determined by Thrift and Productivity

Posted: 10 Jun 2009
Yi Wen and Woon Gyu Choi
Federal Reserve Bank of St. Louis - Research Department and International Monetary Fund (IMF)

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Interest rate, Marginal rate of substitution, Marginal rate of transformation, General equilibrium, Asset