Yunjong Eo

Department of Economics, Korea University

1 Anam-dong 5 ka

Seoul, 136-701

Korea, Republic of (South Korea)

  • Department of Economics, Korea University

SCHOLARLY PAPERS

15

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SSRN CITATIONS
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Top 17,939

in Total Papers Citations

50

CROSSREF CITATIONS

15

Scholarly Papers (15)

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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 287 (170,929)
Citation 15

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

2.

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

Downloads 251 (195,737)
Citation 5

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 210 (231,622)
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 41 (679,822)
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 226 (216,719)
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 155 (302,808)
Citation 12

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

5.

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

Downloads 147 (318,030)
Citation 2

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 89 (457,111)

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

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

Number of pages: 30 Posted: 01 May 2022
Yunjong Eo, Luis Uzeda and Benjamin Wong
Department of Economics, Korea University, Bank of Canada and Monash University - Department of Econometrics & Business Statistics
Downloads 58 (588,189)

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Sectoral trend inflation, unobserved components model, disaggregated inflation

6.

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 115 (380,913)

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

7.

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 and Health Care Management, Department of Economics, Korea University and University of Sydney - School of Economics
Downloads 105 (406,317)

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

8.

The Role of Inflation Target Adjustment in Stabilization Policy

Downloads 86 (462,902)
Citation 5

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 59 (578,061)
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 27 (782,393)
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

9.

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 80 (483,390)
Citation 4

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

10.

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 79 (486,872)
Citation 3

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

11.

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

Downloads 76 (497,903)
Citation 1

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 47 (642,786)

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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 29 (766,284)
Citation 2

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

12.

Does the Survey of Professional Forecasters Help Predict the Shape of Recessions in Real Time? 

CAMA Working Paper 24/2023
Number of pages: 16 Posted: 19 May 2023 Last Revised: 23 May 2023
Yunjong Eo and James Morley
Department of Economics, Korea University and University of Sydney - School of Economics
Downloads 64 (546,083)

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L-shaped recession, U-shaped recession, COVID-19, Markov switching, Real-time analysis

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 57 (578,043)
Citation 4

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

14.

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 51 (607,880)
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

15.

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

Downloads 38 (682,248)

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

Number of pages: 45 Posted: 23 Apr 2021 Last Revised: 28 Oct 2022
Yunjong Eo and Nigel McClung
Department of Economics, Korea University and Bank of Finland
Downloads 25 (798,875)

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

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

Bank of Finland Research Discussion Paper No. 14/2021
Number of pages: 52 Posted: 16 Nov 2021 Last Revised: 18 Nov 2021
Yunjong Eo and Nigel McClung
Department of Economics, Korea University and Bank of Finland
Downloads 13 (909,284)

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Zero Lower Bound, Markov-Switching, Expectations, Price level targeting, Average inflation targeting, Nominal income targeting