CURRICULUM VITAE. Chulho JUNG

Transcription

1 CURRICULUM VITAE Chulho JUNG ADDRESS: TELEPHONE: ADDRESS: Office: Department of Economics, Ohio University, Bentley Hall Annex, Athens, OH 45701, U.S.A. Home: 4-B Lamar Dr., Athens, OH 45701, U.S.A. Office: (740) (2040 for messages) Home: (740) BIRTHDATE: December 6, 1955 CITIZENSHIP: KOREA (U.S. permanent resident) EDUCATION: Ph.D., Economics, The University of Michigan, 1989 M.A., Statistics, The University of Michigan, 1988 M.A., Economics, The University of Michigan, 1985 M.A., Economics, Seoul National University, 1983 B.A., Economics, Seoul National University, 1979 SPECIALIZATION: Ph.D. FIELDS Econometrics, International Finance, Microeconomic Theory CURRENT RESEARCH INTERESTS East Asian Economies, Financial Markets, International Finance, Advertising, Environmental Policy Instrumemts CURRENT TEACHING INTERESTS Econometrics, Economics of East Asia, Macroeconomics. Statistics DISSERTATION: TITLE Essays on Inventory Model, International Reserves, Forecasting, and a Loglinear Regression Model COMMITTEE Hal Varian (Chair), Jan Kmenta, Alan Deardorff, John Laitner, Gunter Dufey 1

2 HONORS, AWARDS, AND GRANTS: Undergraduate Scholarship, Seoul National University, Nominated for Outstanding Graduate Faculty by the Department of Economics, Ohio University, 1991 Grant for Forecasting Lumber Prices, $8,000, from the University of Georgia, EXPERIENCE: Professor, Ohio University, 2000-present Kohei Miura Visiting Professor, Chubu University, Japan, Spring 2007 Visiting Professor, Hong Kong Baptist University, Hong Kong, Summer 2002 Associate Professor, Ohio University, Visiting Associate Professor, Hong Kong Baptist University, Hong Kong, Summer 1999 and Summer 2000 Visiting Associate Professor, Institute Technology Mara (ITM), Malaysia, Winter 1996 Assistant Professor, Ohio University, Instructor, The University of Michigan, Spring 1988 Teaching Assistant, The University of Michigan, Fall 1984-Winter 1989 Research Assistant, for Professor Carol Jones in OSHA Project: Econometric Analysis of Occupational Hazard, Summer 1986 Economist, Balance of Payments Section, Research and Statistics Department, The Bank of Korea, Economist, Monetary Policy Planning Section, Credit Control Department, The Bank of Korea,

3 REFEREED JOURNAL PUBLICATIONS: Growth, Inflation, Interest Rates and Real Stock Returns, Empirical Economics Letters, Forthcoming. (With William Shambora). Are We Teaching It Wrong? Are Stocks Riskier than Bonds? Applied Economics, Forthcoming. (With William Shambora and Kyongwook Choi). Structural Changes and the U.S. Money Demand Function, Applied Economics, Forthcoming. (With Kyongwook Choi). Sources of the Decline in U.S. Output Volatility, Contemporary Economic Policy, Vol. 26, No. 1 (2008). pp (With Kyongwook Choi). The Relationship between Stock Returns and Inflation in Four European Markets, Applied Economics Letters, Vol. 14, No. 8 (2007), pp (With William Shambora and Kyongwook Choi). Inflation and Real Stock Returns in Asian Stock Markets, Journal of Emerging Markets, Vol. 10, No. 3 (2006). pp (With William Shambora). Macroeconomic Effects of Inflation Targeting Policy in New Zealand, Economics Bulletin, Vol.5, No.17 (2003), pp (With Kyongwook Choi and William Shambora). Estimating the Equilibrium Real Exchange Rate: The Case of Turkey, Applied Economics, Vol.34 (2002), pp (With Khosrow Doroodian and Amet Yucel). When Producer Surplus Underestimates Rents, Atlantic Economic Journal, Vol.29, No. 4 (December 2001), pp (With Gregg Frasco). 3

4 (Continued) Determinants of Nepalese Imports, Journal of Asian Economics, Vol. 11, No. 4 (December 2000), pp (With Raj Koshal and Asim Rijal). Labor Costs Convergence in Manufacturing Between North America and Western Europe, Journal of Economic Studies, Vol.27, No. 6 (November 2000), pp (With Khosrow Doroodian). Testing the Law of One Price under the Fixed and Flexible Exchange Rate Systems, Applied Economics Letters, Vol.6, No. 9 (September 1999), pp (With Roy Boyd and Khosrow Doroodian). The J-Curve Effect and U.S. Agricultural and Industrial Trade, Applied Economics, Vol. 31, No. 6 (June 1999), pp (With Khosrow Doroodian and Roy Boyd). Sufficient Cointegration and Wald Tests of the Monetary Transmission Mechanism, Applied Economics Letters, Vol. 6, No. 8 (August 1999), pp (With R.D. Rossiter). Market Power Among Physicians in the U.S., , Quarterly Review of Economics and Finance (formerly Quarterly Review of Economics and Business), Vol. 38, No. 4 (December 1998), pp (With Barry Seldon and Roberto Cavazos). The Unbiased Forward Rate Hypothesis: A Re-examination, Applied Financial Economics, Vol.8, No. 6 (December 1998), pp (With Robert Albarano and Khosrow Doroodian). The Persistence of Japan s Trade Surplus, International Economic Journal, Vol. 12, No. 1 (Spring 1998), pp (With Khosrow Doroodian). 4

5 (Continued) Aggregation Bias in Natural Resource Price Composites: The Forestry Case, Resource and Energy Economics, Vol. 20, No. 1 (March 1998), pp (With Kerry Krutilla and Roy Boyd). Exchange Rate Regimes and International Output Co-movement, Applied Economics Letters, Vol. 5, No. 3 (March 1998), pp (With Tony Caporale). Inflation and Real Stock Prices, Applied Financial Economics, Vol. 7, No. 3 (June 1997), pp (With Tony Caporale). Incentives For Advanced Pollution Abatement Technology At the Industry Level: An Evaluation of Alternative Policy Instruments. Journal of Environmental Economics and Management, Vol. 30, No. 1 (January 1996), pp (With Kerry Krutilla and Roy Boyd). Forecasting U.K. Stock Prices, Applied Financial Economics, Vol. 6, No. 3 (June 1996), pp (With Roy Boyd). The Coase Theorem in a Rent-Seeking Society, International Review of Law and Economics, Vol. 15, No. 4 (September 1995), pp (With Kerry Krutilla, W. Kip Viscusi, and Roy Boyd). Factor Price Equalization: Revisited, Applied Economics Letters, Vol. 2, No. 7 (July 1995), pp (With Khosrow Doroodian) Optimal Management of International Reserves, Journal of Macroeconomics, Vol. 17, No. 4 (Fall 1995), pp The Market Structure of the U.S. Aluminum Industry, Journal of Economics and Business, Vol. 47, No. 3 (August 1995), pp (With Roy Boyd and Barry Seldon). 5

6 (Continued) The Length of the Effect of Aggregate Advertising on Aggregate Consumption, Economics Letters, Vol. 48, No. 2 (May 1995), pp (With Barry Seldon) The Degree of Competition in the Advertising Industry, Review of Industrial Organization, Vol. 10, No. 1 (February 1995), pp (With Barry Seldon). The Macroeconomic Relationship Between Advertising and Consumption, Southern Economic Journal, Vol. 61, No. 3 (January 1995), pp (With Barry Seldon). Forecasting of Foreign Exchange Rate By Normal Mixture Models, Journal of Economic Studies, Vol. 22, No. 1 (January 1995), pp The Law of One Price For U.S. Softwood Lumber: A Multivariate Cointegration Test, Forest Science, Vol. 40, No. 4 (Novemver 1994), pp (With Khosrow Doroodian). Forecasting Movements in the Stock Market: A Comparison Between Static and Dynamic Models, Southern Business and Economic Journal, Vol. 17, No 4 (July 1994), pp (With Roy Boyd and Guojun Wu). Derived Demand for Advertising Messages and Substitutability Among the Media, Quarterly Review of Economics and Finance (formerly Quarterly Review of Economics and Business), Vol. 33, No. 1 (Spring 1993), pp (With Barry Seldon). Welfare Gains From Aluminum Recycling in the United States, Resources Policy, Vol. 17, No. 4 (December 1991), (With Roy Boyd and David Westenbarger). 6

7 OTHER PUBLICATIONS: Rational Expectations and Slutsky Cycles, in Appendix B to Out of Work, updated edition, R.K. Vedder and L.E. Gallaway, New York: New York University Press, 1997, pp (With L.E. Gallaway) Are Natural Resources Becoming Scarcer?, 1995 Proceedings of the Mineral Economics and Management Society, Boulder, Colorado, April 1995, pp

8 CONFERENCE PAPERS: The Leading Indicator Property of the Yield Curve: Evidence from Some Countries, Presented at the 8th Biennial Pacific Rim Conference of the Western Economic Association, Kyoto, Japan, Mar , The Relationship between Aggregate Advertising and Aggregate Output in a Structural VAR Model, Presented at the 81st Annual Conference of the Western Economic Association, San Diego, Jun. 29-Jul. 3, An Analysis of Market for Online Games, Presented at the 81st Annual Conference of the Western Economic Association, San Diego, Jun. 29-Jul. 3, Effectiveness and Credibility of Inflation Targeting Policy in Canada, (With William Shambora) Presented at the 80th Annual Conference of the Western Economic Association, San Francisco, Jun. 29-Jul. 3, Structural Changes and Long Memory in the Real Interest Rate, (With Kyongwook Choi) Presented at the 79th Annual Conference of the Western Economic Association, Vancouver, Jun. 29-Jul. 3, Optimal Management of International Reserves and Asia Financial Crisis, (With Kyongwook Choi) Presented at the 79th Annual Conference of the Western Economic Association, Vancouver, Jun. 29-Jul. 3, Structural Changes and Stability of the Money Demand Function, (With Kyongwook Choi) Presented at the 78th Annual Conference of the Western Economic Association, Denver, Jul , Market Power among Lawyers in the U.S., (With Kyongwook Choi) Presented at the 78th Annual Conference of the Western Economic Association, Denver, Jul ,

9 (Continued) The Variability in Advertising Expenditures and Sales, Presented at the 68th Annual Conference of the Southern Economic Association, Baltimore, Nov. 8-10, The Relation Between Advertising, Sales, and Their Variability, (With Barry Seldon). Presented at the 72nd Annual Conference of the Western Economic Association, Seattle, Jul. 9-13, Aggregation Bias in Natural Resource Price Composites: The Forestry Case, (With Kerry Krutilla and Roy Boyd). Presented at the Annual Conference of the European Association of Environmental and Resource Economists, Tilberg, the Netherlands, Jun , Environmental Rules and Rent Seeking, (With Kerry Krutilla and W. Kip Viscusi). Presented at the Annual Conference of the American Law and Economics Association, Chicago, May 10-11, Optimal Cash Management Policy by Firms: A Continuous Time Stochastic Framework, Presented at the Annual Conference of the Southern Economic Association, New Orleans, Nov , The Coase Theorem in a Rent-Seeking Society, (With Kerry Krutilla, W. Kip Viscusi, and Roy Boyd). Presented at the Annual Conference of the European Association of Environmental and Resource Economists, Umeå, Sweden, Jun , Incentives For Advanced Pollution Abatement Technology at the Industry Level: An Evaluation of Alternative Policy Instruments, (With Kerry Krutilla and Roy Boyd). Presented at the Annual Conference of the European Association of Environmental and Resource Economists, Umeå, Sweden, Jun ,

10 (Continued) The J-Curve Effect and U.S. Agricultural and Industrial Trade, (With Khosrow Doroodian and Roy Boyd). Presented at the Annual Conference of the Midwest Economic Association, Cincinnati, Mar. 31-Apr. 2, Are Natural Resources Becoming Scarcer? Presented at the Annual Conference of the Mineral Economics and Management Society, Boulder, Mar. 9-11, A Regional Analysis of Market Power Among Physicians, , (With Barry Seldon). Presented at the Annual Conference of the Southern Economic Association, Orlando, Nov , 1994 A Comparison of Predictors in a Loglinear Regression Model: Monte Carlo Experiments, Presented at the Annual Conference of the Southern Economic Association, Washington, D.C., Nov , Derived Demand for Advertising Messages and Substitutability among the Media: Are Broadcast Bans Effective? (With Barry Seldon). Presented at the Annual Conference of The Southern Economic Association, New Orleans, Nov ,

11 WORKING PAPERS: The Sources of the Leading Indicator Property of the Yield Curve: Evidence from Japan and Korea Using Structural VAR Models, (With Key-Man Lee and Seiichi Masuyama) Structural Breaks and Long Memory Property of Real Interest Rates, (With Kyongwook Choi) A Model of Bond Fund Investing: Are Investors Irrational or Just Too Slow? Submitted for publication. (With William Shambora). Optimal Cash Management Policy by Firms: A Continuous Time Stochastic Approach, Submitted for publication. A Note on Natural Resource Scarcity, Under revision. (With Kerry Krutilla). The Relation Between Advertising, Sales, and Their Variability, Under revision. (With Barry Seldon). A Comparison of Predictors in a Loglinear Regression Model: A Monte Carlo Experiment, Under revision. 11

12 CURRENT RESEARCH ACTIVITIES: Analyzing Leading Indicator Properties of the Yield Curve using Structural VAR Models. Advertising and Consumption in a Structural VAR Model. Asian Financial Markets and Effects of Unexpected Inflation andgrowthonstocksandbondsprices. The Relation Between Sales Uncertainty and Advertising. Market Power among Lawyers. PROFESSIONAL ASSOCIATIONS: Member, American Economic Association Member, Western Economic Association OTHER PROFESSIONAL ACTIVITIES: Session Chair: Applied Econometrics, Annual Conference of the Southern Economic Association, November 1992 Discussant: Stock Returns and Investment Policy, Biennial Conference of the Western Economic Association, March 2009 Discussant: Market Analysis, Annual Conference of the Western Economic Association, July 2006 Discussant: Economics of Taxation, Annual Conference of the Western Economic Association, July 2003 Discussant: Industrial Organization, Annual Conference of the Western Economic Association, July 2001 Discussant: Applied Economic Issues, Annual Conference of the Southern Economic Association, November 1998 Discussant: Econometrics I, Annual Conference of the Southern Economic Association, November 1992 Discussant: Economic and Social Statistics, Annual Conference of the Southern Economic Association, November

13 (Continued) Referee: Applied Economics, 1998 Referee: Applied Financial Economics, 1998, 1999, 2000 Referee: Journal of Environmental Economics and Management, 1997 Referee: The Energy Journal, 1997 Referee: Quarterly Review of Economics and Finance, 1996 Referee: Journal of Macroeconomics, 1996, 1997, 1998 Referee: Journal of Money, Credit, and Banking, 1994 Referee: New Zealand Economic Papers, 1997, 1999 Referee: Forest Science, 1993, 1994, 1996, 1997, 2000 Referee: Journal of the Academy of Business Administration, 1994, 1995 Referee: Southern Business and Economic Journal, 1995 REFERENCES: Professor Hal Varian, Haas School of Business, University of California at Berkeley, Berkeley, CA 94720, Tel:(510) Professor Jan Kmenta, Department of Economics, The University of Michigan, Ann Arbor, MI 48109, Tel:(313) Professor Alan Deardorff, Department of Economics, The University of Michigan, Ann Arbor, MI 48109, Tel:(313) Professor John Laitner, Department of Economics, The University of Michigan, Ann Arbor, MI 48109, Tel:(313)