Department of Economics,
University of Missouri-Columbia
Professor of Economics
University of Missouri
Columbia, MO 65211
Economics, Southern Methodist
BA: Economics, University
of Lancaster, England,
Macroeconomics, Monetary Economics, International Financial
Visiting Fulbright Scholar, Korea Institute Finance, & Fulbright
Professor, Korea University, Seoul, March 1997 - June 1997
Visiting Fulbright Professor, Korea University, Seoul, February 1996 - July
Academic Visitor, London School of Economics and Political Science, Summer
Visiting Scholar, Federal Reserve Bank of St. Louis, August 1984 - May 1985
Visiting Scholar, Federal Reserve Bank of Kansas City, May 1978 - December
Provost Leadership in International Education Award, 2003
Purple Chalk Award for Teaching Excellence - College of Arts
and Science Student Government, 2003
Gold Chalk Award for "Excellence in Graduate Student
Education, Training, and Development," Graduate and Professional Student
Selected Publications (some PDF links)
"Conservative Central Banks and Nominal Growth, Exchange
Rate, and Inflation Targeting" (with S. K. Bae). Forthcoming in Economica.
Influence and the Banking Sector: Evidence from Korea” (with J. An and S. K.
Bulletin of Economics and Statistics 69-1 February 2007, 75-98.
Activity, Foreign Exchange Rate, and the Interest Rate During the Asian
Crisis” (with J. Kim), Journal of Policy Modeling 28-4 May 2006,
Main Banks Extract Rents from their Client Firms? Evidence from Korean Chaebol
" (with Y. Kim, K. Park, H Shin), Hitotsubashi Journal of
Economics 45-1 June 2004, 15-45.
indicators to predict the probability of declining inflation", (with S. Kang and K. Park), Cambridge Journal of Economics,
28-1 January 2004, 37-57.
the Predictive Power of the Term Structure of Interest Rates for Future
Inflation in the Presence of Political Instability” (with E.
Telatar and F. Telatar), Journal of Policy Modeling, 25-9
December 2003, 931-946.
"Multiple Equilibria and Currency
Crisis: Evidence for Korea" (with J. Seo), Journal of International
Money and Finance, 22-5, October 2003, 681-696.
"On Optimal Contracts for Central Bankers and Inflation and Exchange
Rate Targeting Regimes," Journal of Money, Credit and Banking, 34-3,
August 2002, 678-685.
"Long-Run Neutrality, High Inflation, and Bank Insolvencies in Argentina and Brazil," with S.K. Bae, Journal
of Monetary Economics, 46-3, December 2000, 581-604.
"Effects of Unanticipated Monetary Policy on Aggregate Japanese Output:
The Role of Positive and Negative Shocks", with J. Chu. Canadian
Journal of Economics 30-3 (August 1997): 722-741.
"On the Stabilizing Properties of a Nominal GNP Rule: Comment on Frankel
and Chinn", Journal of Money, Credit, and Banking 29-2 (May
Oil and the Macroeconomy: The Role of Price Variability", with K. Lee
and X. Ni). The Energy
Journal 16-4 (1995): 39-56. Working paper
"Variation in the Real Exchange Rate as a Source of Currency
Substitution," with B. Jeong. Journal of International Money and
Finance, 15-5 (October 1994): 537-550.
"On Seigniorage, Operating Rules and Dual Equilibria," with K. Lee.
Quarterly Journal of Economics, 108-2 (May 1993): 543-550.
"The Effects of Inflation Surprises and Uncertainty on Real Wages",
The Review of Economics and Statistics 67-2, May 1985, 309-314.
"Sectoral Employment Variability and Unexpected Inflation," The
Review of Economics and Statistics, 67-2 (May 1985): 278-283.
"Bank Attitude Toward Risk, Implicit Rates of Interest, and the Behavior
of an Index of Risk Aversion for Commercial Banks," Quarterly Journal
of Economics, 95-2 (September 1980): 309-331.
"Stochastic Reserve Losses and Bank Credit Expansion", Journal
of Monetary Economics 5-2 (April 1979): 283-294.
"The General Equilibrium Theory of Tax Incidence Under
Uncertainty", with P. Shome. Journal of Economic Theory 14-1
(February 1977): 68-83.
"Uncertainty in Production and the Competitive Firm", with A.
Ullah. Southern Economic Journal 42-4 (April 1976): 703-710.
See also Working Papers
Copyright © 1999