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

21

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Top 19,956

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31

CROSSREF CITATIONS

20

Scholarly Papers (21)

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 314 (141,584)

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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 53 (546,197)

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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 316 (141,437)
Citation 1

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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 240 (186,784)

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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 227 (197,003)

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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 200 (221,547)
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 86 (421,429)

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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 45 (586,349)
Citation 1

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

7.

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 120 (335,225)

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

8.

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 118 (339,286)

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monetary policy liquid asset demand loan commitments panel data

9.

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 118 (339,286)
Citation 12

Abstract:

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

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 108 (360,869)

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inventory investment, liquidity constraint, monetary policy, panel data

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 70 (474,916)
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 32 (665,481)
Citation 3

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

12.

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 98 (384,858)

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

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 91 (403,269)

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

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 51 (555,687)

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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 36 (639,019)

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

15.

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 82 (429,558)
Citation 1

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

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 75 (451,890)
Citation 1

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

17.

Loose Financial Conditions, Rising Leverage, and Risks to Macro-Financial Stability

IMF Working Paper No. 2021/222
Number of pages: 43 Posted: 15 Feb 2022
International Monetary Fund (IMF), International Monetary Fund (IMF), Independent, International Monetary Fund (IMF) - Western Hemisphere Department, International Monetary Fund (IMF), International Monetary Fund and International Monetary Fund (IMF)
Downloads 60 (507,156)

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leverage buildup, A. Macroprudential policy, loose financial conditions, Policy implication, B. Macroprudential policy, Credit booms, Macroprudential policy, Central bank policy rate, Macroprudential policy instruments, Financial sector stability, Global

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 34 (635,965)

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

19.

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 27 (683,190)

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Inflation, Economic forecasting, Economic models

20.

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 26 (690,563)

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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)

21.

Measuring Interest Rates as Determined by Thrift and Productivity

Choi, Woon Gyu, and Yi Wen, 2007, “Measuring Interest Rates as Determined by Thrift and Productivity,” Annals of Economics and Finance, Vol. 8 (May), pp. 159–185.
Posted: 10 Jun 2009 Last Revised: 04 Oct 2021
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