Papers in English:

1. “Is Asymmetric Mean-Reverting Pattern in Stock Returns Systematic?: Evidence from

Pacific-Basin Markets in Short-Horizon”

-- ‘Journal of International Financial Markets, Institutions & Money’

(December, 2003)

-- Co-authored with Nam, Kiseok (University of Texas) and Pyun, Chong-Soo (University of Memphis)

2. “Mean Reversion of Short-Horizon Stock Returns: Asymmetric Property”

-- ‘Review of Quantitative Finance and Accounting’, (March, 2006)

-- Co-authored with Nam, Kiseok (University of Texas) and Arize, Augustine (Texas A&M University)

3. “Stock Returns, Asymmetric Volatility, Risk Aversion, and Business Cycle:

Some New Evidence”

-- ‘Economic Inquiry’, April, 2008

-- Co-authored with Lee, Bong-Soo (University of Houston)

4. “Common Nonlinearities in long-horizon stock returns: Evidence from the G-7 stock markets,”

-- ‘Global Finance Journal’, Volume 19, Issue 1, 2008, Pages 19-31

-- Co-authored with Nam, Kiseok (University of Texas)

5. “Regional Housing Prices in the US: Empirical Investigation of Non linearity”,

-- ‘Journal of Real Estate Finance and Economics’, Vol 38, Number 4, May, 2009 pp443-460

-- Co-authored with Rahda at California State University-Fullerton

6. “The Relationship between CO₂ Emissions and Economic Growth: The Case of Korea with Nonlinear Evidence,”

-- ‘Energy Policy’ Vol 38, Issue 10, October 2010, pp5938-5946

-- Co-authored with Kihoon Lee (Chung Nam National University)

7. “Nonlinear Dynamic Relations Between Equity Return and Equity Fund Flow:

Korean Market Empirical Evidence,”

-- ‘Asia-Pacific Journal of Financial Studies’ (2010) 39, 139–170

-- Co-authored with Kim, Youngmin (Korea Financial Investment Association)

8. “The Long Run Relationship between US Housing Market and Fundamentals,”

-- ‘Housing Studies’, Vol. 26, Issue 6, November, 2011.

-- Co-authored with Rahda Bhattacharya at California State University-Fullerton

9. “On Savings and Habit Formation in an Overlapping-Generations Economy,”

-- ‘Journal of Banking and Finance’, January, 2013

-- Co-authored with Nam, Kiseok (Yeshiva University)

10. “Who Mimics Whom?: Korean Mutual Fund Market Evidence,”

-- ‘Pacific Basin Finance Journal’ September, 2014

-- Co-authored with Kim, Youngmin (Kangwon National Univ.) and Lee, Bong-Soo (Florida State University)

11. “Asia-Pacific Stock Market Integration: New Evidence by Incorporating Regime Changes”

-- ‘Emerging Markets Finance and Trade’ July, 2015

-- Co-authored with Kim, Youngmin (Korea Financial Investment Association) and Choi, Moon-Jung (Bank of Korea)

12. “Early 60s Are Not Old Enough: Evidence from Twenty-One Countries’ Equity Fund Market” -- ‘Journal of International Money and Finance,’ April, 2019

-- Co-authored with Kim, Youngmin (Kangwon National Univ.) and Lee, Bong-Soo (Florida State University)

13. “Asia-Pacific Stock Market Integration: New Evidence by Incorporating Regime Changes,”

-- ‘Asian Economic Journal,’ December 2019

-- Co-authored with Kim, Youngmin ((Kangwon National Univ.)

and Choi, Moon-Jung (Bank of Korea)

14. “Do the Old Need a Stepping Stone for Equity Investment?: New Evidence from US Households,”

-- ‘Journal of Money Credit Banking’, under revision 2020

-- Co-authored with Kim, Youngmin (Kangwon National Univ.)

15. “Does Business Cycle have Asymmetric Effects on Banks’ Loan Portfolios?: New Evidence from Smooth Transition Autoregressive (STAR) Framework,” Bank of Korea Working Paper

-- 2018년 한국은행 최우수 연구용역상 수상

16. “Does Credit Supply Accelerate Business Cycle Changes in Korea?: Some New Evidence by Incorporating Regime Changes,”

-- ‘Journal of Economic Theory and Econometrics’, April 2020

17. “Herding has its own Threshold: New Evidence from US Equity Fund Market,”

-- ‘Journal of Finance’, submitted as of 2020

18. “The equity wealth effect: New evidence”

-- ‘Journal of Economic Dynamics and Control’ under revision.

-- Co-authored with Bong-Soo Lee (Florida State University)

19. “Does Trade Elasticity Vary over Different Regimes?: New Evidence from Korean Exports by Incorporating Regime Changes,”

-- ‘Asian Economic Journal,’ forthcoming 2020

20. “Stock Prices, Earnings, and Expected Dividends: New Evidence with Nonlinear Estimation,” Working Paper

-- Co-authored with Bong-Soo Lee (Florida State University)

21. “Equity and House: Are they substitutable as investable assets?,” Working Paper

-- Co-authored with Bong-Soo Lee (Florida State University)

22. “Asian Foreign Exchange Market Reflects Fundamental Factors?”, Working Paper

-- Co-authored with Yoon-Bai Kim (University of Kentucky).

23. “Nonlinearities, cyclical behavior and predictability in Asian stock markets,” Working Paper

-- Co-authored with Nam, Kiseok (Yeshiva University)

24. “Anomaly: Reversed Swap Rate and Continuing Arbitrage Opportunities in the Korean Financial Market,” Working Paper

-- Coauthored with Kim, Jin-Ho (Ewha Womans University)

23. “Nonlinear dynamics and the exports–output growth relationship: Revisited,” Working Paper

-- Co-authored with Choi, Moon-Jung (Bank of Korea)

24. “Effect of Economic Fundamentals on Housing Prices: New Evidence from Census Division Regional Data and Business Cycle Changes,” Working Paper

-- Co-authored with Rahda Bhattacharya at California State University-Fullerton

25. “US Equity Fund Investors Consider the Life-Cycle Risk Aversion Pattern?: New Evidence from Continuous Demographic Changes,” Working Paper

-- Co-authored with Namwon Hyung at University of Seoul

Papers in Korean:

1. “주식수익률이 민간소비에 미치는 영향: 비선형관계에 의한 연구,”

경제분석, 제 11권 제 4호, 2005년 IV.

2. “주택가격의 동태적 특성과 지역 인과성에 관한 연구: STAR 모형을 통한 비선형 추정을 중심으로,” 지역연구, 제 22권 2호, 2006년 8월.

공저: 박기정 (시정개발연구원)

3.“비선형 STAR 모형을 이용한 이산화탄소 배출량과 경제성장간의 관계 분석,”

자원환경학회지, 2008년 2월.

공저: 이기훈 (충남대학교, 경제학과)

4. “주식수익률이 소득계층별 소비에 미치는 영향: 비선형관계에 의한 연구,”

금융연구, 2007년 6월.

공저: 최문정 (University of Virginia, Dept. of Economics)

5. “주택가격이 민간소비에 미치는 영향: 비선형관계에 의한 연구,”

지역연구, 제 23권 2호, 2007년 8월.

6. “Korean Middle Generation Saves More?: Implications from Habit Formation in an Overlapping-Generations Economy,”

사회과학연구논총, 2007년 6월

7. “주택가격변동이 민간소비에 미치는 영향: 경기순환을 고려하여,”

금융연구, 2008년 3월.

8. 경기변동을 고려한 주식수익률과 변동성 관계의 변화: 비대칭 GARCH 모형을 이용하여

금융연구, 2009년 6월.

9. “주택시장과 가계대출간의 동태적 관계분석: 외환위기 전후를 중심으로,” 지역연구, 2009년 12월

공저: 김은미 (한국은행 금융경제 연구소)

11. “금융기관 부실과 개산지급금 제도에 대한 연구 - 저축은행을 중심으로 ,”

금융안정연구, 2011

공저: 오승곤 (예금보험공사), 홍정효(경남대학교)

12. “영과잉 소득자료에 대한 베이지안 분석,” Korean Journal of Applied Statistics, 2017 vol 27(1), 1-13

13. “흡연, 음주, 인터넷 게임 이용의 공존이환이 청소년의 학교 내 사회적 관계에 미치는 영향,” 학교사회복지, 2017, vol 40, 1-27.

공저: 정익중 (이화여자대학교)

14. “해외 펀드투자에서 환율효과는 고려되는가?: 6개국 해외주식형 편드를 통한 실증분석,” 재무관리연구, 34권 4호, 2017년 12월

15. “습관형성 효용함수를 이용한 상이한 중독 심화도의 비교: 흡연과 음주를 중심으로,” 보건사회연구 37(2), 2017

공저: 정익중(이화여자대학교)

16. “ETF 괴리율 결정요인은 유형별로 상이한가?: 국내 ETF 시장의 실증 분석,”

금융연구 Vol 32, No 4, 2018년 12월,

2018년 금융연구 최우수 논문상 수상

공저: 김영민(강원대학교), 김경록(미래에셋자산운용)

17. “글로벌 가치사슬 변화가 경제성장에 미치는 영향: 2008년 금융위기 전후 전방참여도와 후방참여도의 국제비교를 중심으로, ” Bank of Korea Working Paper

공저: 최문정(한국은행)

2019년 한국은행 최우수 연구용역상 수상

18. 세대별 인구특성이 아파트 소비수요에 미치는 영향: 광역시(廣域市)와 도(道)를 중심으로, 부동산연구, 제 30집 5호, 2020년 3월

공저: 김영민(강원대학교), 김경록(미래에셋자산운용)

19. “소셜 감성이 개별 기업 주식수익률에 미치는 비대칭적 영향 분석,”

Information Systems Review, 2020년 8월

20. “경제 환경변화가 상호저축은행의 경영에 미치는 영향: 일반 상호저축은행과 부실 상호저축은행과의 비교를 통하여,” 응용경제, under revision

공저: 오 승 곤 (예금보험공사)

21. “역전된 스왑금리와 차익거래 지속의 이례현상 분석,” Working Paper

공저: 김진호 (이화여자대학교)