Yunjong Eo

Department of Economics, Korea University

1 Anam-dong 5 ka

Seoul, 136-701

Korea, Republic of (South Korea)

SCHOLARLY PAPERS

14

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SSRN CITATIONS
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Top 20,958

in Total Papers Citations

32

CROSSREF CITATIONS

17

Scholarly Papers (14)

1.

Why Has the U.S. Economy Stagnated Since the Great Recession?

Number of pages: 42 Posted: 30 Nov 2017 Last Revised: 09 Apr 2020
Yunjong Eo and James Morley
Department of Economics, Korea University and University of Sydney - School of Economics
Downloads 252 (151,826)
Citation 8

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Secular stagnation; Great Recession; output gap; trend growth; Markov switching; structural breaks

Likelihood-Ratio-Based Confidence Sets for the Timing of Structural Breaks

Number of pages: 55 Posted: 11 Sep 2008 Last Revised: 02 Mar 2016
Yunjong Eo and James Morley
Department of Economics, Korea University and University of Sydney - School of Economics
Downloads 200 (189,100)
Citation 3

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Inverted Likelihood Ratio Confidence Sets, Multiple Breaks, System of Equations; Great Moderation, Productivity Growth Slowdown

Likelihood-Based Confidence Sets for the Timing of Structural Breaks

UNSW Australian School of Business Research Paper No. 2013-12
Number of pages: 49 Posted: 17 May 2013 Last Revised: 22 May 2013
Yunjong Eo and James Morley
Department of Economics, Korea University and University of Sydney - School of Economics
Downloads 30 (586,440)
Citation 1

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Inverted Likelihood Ratio Confidence Sets, Multiple Breaks, Great Moderation, Productivity Growth Slowdown

3.

Bayesian Analysis of DSGE Models with Regime Switching

Number of pages: 37 Posted: 24 Nov 2008 Last Revised: 06 Apr 2016
Yunjong Eo
Department of Economics, Korea University
Downloads 204 (185,727)
Citation 6

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New Keynesian DSGE, Markov-switching, Monetary Policy, Indeterminacy, Long-run Taylor Principle, Bayesian Analysis

4.

Markov-Switching Models with Evolving Regime-Specific Parameters: Are Post-War Booms or Recessions All Alike?

Number of pages: 45 Posted: 12 Dec 2011 Last Revised: 06 Apr 2015
Yunjong Eo and Chang-Jin Kim
Department of Economics, Korea University and Dept. of Economics, University of Washington
Downloads 140 (256,304)
Citation 11

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Business Cycle, Evolving Regime-Specific Parameters, Hierarchical Prior, Markov Switching, Error-Correction Dynamics, MCMC, State-Space Model

5.

Forecasting the Term Structure of Interest Rates with Potentially Misspecified Models

Number of pages: 44 Posted: 05 Apr 2016 Last Revised: 30 Nov 2018
Yunjong Eo and Kyu H. Kang
Department of Economics, Korea University and Korea University
Downloads 92 (344,230)

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Markov-switching mixture; Dynamic Nelson—Siegel model; Affine term structure model; Random-walk model; Zero interest-rate policy

6.

Improving Likelihood-Ratio-Based Confidence Intervals for Threshold Parameters in Finite Samples

Number of pages: 22 Posted: 27 Mar 2014 Last Revised: 13 Aug 2017
Luiggi Donayre, Yunjong Eo and James Morley
University of Minnesota - Duluth, Department of Economics, Korea University and University of Sydney - School of Economics
Downloads 91 (346,643)
Citation 1

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Threshold regression; Inverted likelihood ratio; Confidence Interval; Finite-sample inference

7.

Bayesian Inference about the Types of Structural Breaks When There Are Different Breaks in Many Parameters

Number of pages: 42 Posted: 27 Feb 2012 Last Revised: 18 Feb 2018
Yunjong Eo
Department of Economics, Korea University
Downloads 62 (430,164)
Citation 3

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Bayesian Analysis; Structural Breaks; Multiple-Parameter Change-point; Inflation Dynamics;

8.

Structural Changes in Inflation Dynamics: Multiple Breaks at Different Dates for Different Parameters

Number of pages: 33 Posted: 13 Oct 2015 Last Revised: 02 Dec 2015
Yunjong Eo
Department of Economics, Korea University
Downloads 59 (440,781)
Citation 4

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Bayesian Analysis; Structural Breaks; Multiple-Group Changepoint; Inflation Dynamics; Persistence; UC-SV Model

The Role of Inflation Target Adjustment in Stabilization Policy

CAMA Working Paper No. 27/2017
Number of pages: 42 Posted: 07 Apr 2017 Last Revised: 02 Jun 2019
Yunjong Eo and Denny Lie
Department of Economics, Korea University and The University of Sydney - School of Economics
Downloads 45 (505,827)
Citation 5

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Welfare analysis, Monetary policy, Cost-push shocks, Medium-run inflation targeting, Flat Phillips curve

The Role of Inflation Target Adjustment in Stabilization Policy

Number of pages: 59 Posted: 25 Jun 2019 Last Revised: 13 Jan 2020
Yunjong Eo and Denny Lie
Department of Economics, Korea University and The University of Sydney - School of Economics
Downloads 11 (731,391)
Citation 1

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Cost-push shocks; Inflation-output trade-off; Makeup strategy; Medium-run inflation targeting; Welfare analysis; Monetary policy; Nominal wage rigidity; Capital accumulation; Flat Phillips curve

10.

Understanding Trend Inflation Through the Lens of the Goods and Services Sectors

Number of pages: 74 Posted: 21 Jan 2021
Yunjong Eo, Luis Uzeda and Benjamin Wong
Department of Economics, Korea University, Bank of Canada and Monash University - Department of Econometrics & Business Statistics
Downloads 44 (500,643)

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sectoral trend inflation; monetary policy; unobserved components model; disaggregated inflation

Changes in the Inflation Target and the Comovement between Inflation and the Nominal Interest Rate

CAMA Working Paper No. 30/2019
Number of pages: 68 Posted: 27 Mar 2019
Yunjong Eo and Denny Lie
Department of Economics, Korea University and The University of Sydney - School of Economics
Downloads 25 (620,417)

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Neo-Fisherism, inflation expectations, a Taylor-type rule, strict inflation targeting, hybrid NKPC

Changes in the Inflation Target and the Comovement Between Inflation and the Nominal Interest Rate

Number of pages: 50 Posted: 09 Aug 2018 Last Revised: 15 May 2020
Yunjong Eo and Denny Lie
Department of Economics, Korea University and The University of Sydney - School of Economics
Downloads 17 (681,488)
Citation 2

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Neo-Fisherism; zero lower bound; inflation expectations; Taylor-type rule; hybrid NKPC; hybrid IS curve;

12.

The Effects of Conventional and Unconventional Monetary Policy on Forecasting the Yield Curve

Number of pages: 46 Posted: 08 May 2019 Last Revised: 13 Jan 2020
Yunjong Eo and Kyu H. Kang
Department of Economics, Korea University and Korea University
Downloads 35 (543,897)
Citation 2

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Quantitative Easing; Operation Twist; Dynamic Nelson-Siegel Model; Arbitrage-free Ferm Structure Model; Random Walk Model; Markov-switching Mixture

13.

Average Inflation Targeting and Interest-Rate Smoothing

Number of pages: 10 Posted: 13 Dec 2019
Yunjong Eo and Denny Lie
Department of Economics, Korea University and The University of Sydney - School of Economics
Downloads 32 (560,050)
Citation 1

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New Keynesian model; History-dependent policy; Welfare analysis; Ramsey policy; Interest-rate rule; Monetary policy inertia

14.

Determinacy and E-stability with Interest Rate Rules at the Zero Lower Bound

Number of pages: 44 Posted: 23 Apr 2021 Last Revised: 14 May 2021
Yunjong Eo and Nigel McClung
Department of Economics, Korea University and Bank of Finland
Downloads 15 (672,868)

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Zero Lower Bound; Policy Uncertainty; Markov-Switching; Expectations; Price level targeting; Average inflation targeting; Nominal income targeting