Contact Information

Hyeongwoo Kim, Ph.D.
Department of Economics, Auburn University
0339 Haley Center, Auburn, AL 36849
1-334-844-2928, 1-334-844-4615 (fax)
gmmkim@gmail.com (preferred), hzk0001@auburn.edu
http://www.auburn.edu/~hzk0001
http://sites.google.com/site/neogaganeda/
http://cla.auburn.edu/econwp/

• Associate Professor with tenure, Department of Economics, Auburn University, 2011-Present
• Member, Editorial Council, EconoQuantum, 2011-Present
• Assistant Professor, Department of Economics, Auburn University, 2006-2011
• Treasurer, Korea-America Economic Association, 2009-2010
• Researcher, Korea Institute of Finance, South Korea, 1994-1996
• Researcher, Korea National Committee for Pacific Economic Cooperation (KOPEC), 1995

Visiting Positions and Other Duties

• Visiting Scholar, Líderes Académicos, Tecnológico de Monterrey, Campus Guadalajara, February 27-March 2, 2012
• Manager, RePEc Korean Economists List, 2009-Present
• Maintainer, Auburn Economics Working Paper Series, 2010-Present
• Instructor, Department of Economics, The Ohio State University, Columbus, OH, 2003-2006

Personal: US Permanent Resident (Green Card), Korean Citizen, Married, Two Children

Education

• Ph.D. in Economics, The Ohio State University, Columbus, OH, 2006
  Dissertation Title: Essays on Exchange Rate Models under a Taylor Rule Type Monetary Policy
  Adviser: Masao Ogaki
• M.A. in Economics, Seoul National University, Seoul, South Korea, 1994
• B.A. in Economics (Cum Laude), Seoul National University, Seoul, South Korea, 1992

Areas of Specialization

• International Finance
• Monetary Policy and Macroeconomics
• Time Series Econometrics
• Empirical Financial Economics

Refereed Publications

• Kim, Hyeongwoo and Young-Kyu Moh (Forthcoming), "Examining the Evidence of Purchasing Power Parity by Recursive Mean Adjustment," Accepted for publication, Economic Modelling.
• Cheng, Ka Ming, Hyeongwoo Kim, and Henry Thompson (Forthcoming), "The Exchange Rate and US Tourism Trade, 1973-2007," Accepted for publication, Tourism Economics.
• Cheng, Ka Ming, Hyeongwoo Kim, and Henry Thompson (Forthcoming), "The Real Exchange Rate and the Balance of Trade in US Tourism," Accepted for publication, International Review of Economics & Finance.
• Kim, Hyeongwoo and Nazif Durmaz (2012), "Bias Correction and Out-of-Sample Forecast Accuracy," International Journal of Forecasting 28, 575-586.
• Kim, Hyeongwoo (2012), "VECM Estimations of the PPP Reversion Rate Revisited: The Conventional Role of Relative Price Adjustment Restored," Journal of Macroeconomics 34-1, 223-238.
• Cheng, Ka Ming, Nazif Durmaz, Hyeongwoo Kim, and Michael Stern (2012), "Hysteresis vs. Natural Rate of US Unemployment," Economic Modelling 29-2, 428-434.
• Beard, T. Randolph, John Jackson, David Kaserman, and Hyeongwoo Kim (2012), "Time-Series Analysis of U.S. Kidney Transplantation and the Waiting List: Donor Substitution Effects," Empirical Economics 42-1, 261-277.
• Chen, Shu-Ling and Hyeongwoo Kim (2011), "Nonlinear Mean Reversion across National Stock Markets: Evidence from Emerging Asian Markets," International Economic Journal 25-2, 239-250.
• Kim, Hyeongwoo and Young-Kyu Moh (2010), "A Century of Purchasing Power Parity Confirmed: The Role of Nonlinearity," Journal of International Money and Finance 29-7, 1398-1405.
• Kim, Hyeongwoo, Liliana Stern, and Michael Stern (2010), "Half-Life Bias Correction and the G7 Stock Markets," Economics Letters 109-1, 1-3.
• Kim, Hyeongwoo (2009), "On the Usefulness of the Contrarian Strategy Across National Stock Markets: A Grid Bootstrap Analysis," Journal of Empirical Finance 16-5, 734-744.
• Kim, Hyeongwoo, Liliana Stern, and Michael Stern (2009), "Nonlinear Mean Reversion in the G7 Stock Markets," Applied Financial Economics 19-5, 347-355.
• Kim, Hyeongwoo and Young-Kyu Moh (2009), ''On the Importance of Span of the Data in Univariate Estimation of the Persistence in Real Exchange Rates'', Economics Bulletin 29-1, 129-140.
• Kim, Hyeongwoo, John Jackson, and Richard Saba (2009), "Forecasting the FOMC's Interest Rate Setting Behavior: A Further Analysis," Journal of Forecasting 28-2, 145-165.
• Kim, Hyeongwoo (2008), "Country-Specific Shocks and Optimal Monetary Policy," Economics Bulletin 5-23, 1-9.

Book Chapters

• Angkinand, Apanard, James Barth, and Hyeongwoo Kim (2010), "Spillover Effects from the U.S. Financial Crisis: Some Time-Series Evidence from National Stock Returns,"  The Financial and Economic Crises: An International Perspective, edited by Benton Gup, Edward Elgar Publishing (ISBN: 1848446667).

Non-Refereed Publications

• Beard, T. Randolph, George S. Ford, Hyeongwoo Kim, and Lawrence J. Spiwak (2011), "Can Government Spending Get America Working Again?" Phoenix Center Policy Bulletin No. 31 (Press Release, PR Newswire, CNBC, US News)
• Beard, T. Randolph, George S. Ford, Hyeongwoo Kim, and Lawrence J. Spiwak (2011), "Regulatory Expenditures, Economic Growth and Jobs: An Empirical Study," Phoenix Center Policy Bulletin No. 28 (Press Release, PR Newswire, US News)
• Beard, T. Randolph, George S. Ford, and Hyeongwoo Kim (2010), "Jobs, Jobs, Jobs: Communications Policy and Employment Effects in the Information Sector," Phoenix Center Policy Bulletin No. 25 (Press Release, PR Newswire, US News)

Working Papers

• The Yen Real Exchange Rate May Not Be Stationary After All: New Evidence from Non-linear Unit-Root Tests, November 2011 (with Young-Kyu Moh), Auburn Economics Working Paper No. 2012-2
• Fear and Closed-End Fund Discounts: Investor Sentiment Revisited, August 2011 (with Seth Anderson, Randy Beard, and Liliana Stern), Auburn Economics Working Paper No. 2011-11
• On the Time-Varying Relationship between Closed-End Fund Prices and Fundamentals: Bond vs. Equity Funds, July 2011 (with Seth Anderson, Randy Beard, and Liliana Stern), Auburn Economics Working Paper No. 2011-07
• Reassessing the Link between the Japanese Yen and Emerging Asian Currencies, April 2011 (with Bong-Han Kim and Hong-Ghi Min), Auburn Economics Working Paper No. 2011-05
• Spillover Effects of the US Financial Crisis on Financial Markets in Emerging Asian Countries, April 2011 (with Bong-Han Kim), Auburn Economics Working Paper No. 2011-04
• Purchasing Power Parity and the Taylor Rule, January 2011 (with Masao Ogaki), Auburn Economics Working Paper No. 2011-02
• What Drives Commodity Prices?, October 2010 (with Shu-Ling Chen, John Jackson, and Pramesti Resiandini), Auburn Economics Working Paper No. 2010-05
• Factor Proportions Wages in a Structural Vector Autoregression, October 2009 (with Henry Thompson), MPRA Working Paper No. 17798
• Generalized Impulse Response Analysis: General or Extreme?, April 2009, MPRA Working Paper No. 17014
• A Note on Real Exchange Rate Dynamics and the Taylor Rule, February 2009
• Half-Life Estimation under the Taylor Rule: Two Goods Model, February 2007 (Presented in 16^th Midwest Econometrics Group Annual Meeting, October 2006)
• Local-Currency Pricing, Technology Diffusion, and the Optimal Interest Rate Rule, April 2006
• Half-Life Estimation under the Taylor Rule, July 2005
• Purchasing Power Parity under a Taylor Rule Type Monetary Policy, December 2004 (Presented in 14^th Midwest Econometrics Group Annual Meeting, October 2004)

Conference/Seminar Presentations

• 2012: Tecnológico de Monterrey (Guadalajara, Mexico, February, 2 articles)
• 2011: WEAI Annual Meeting (San Diego, CA, June, 2 articles), Auburn University (Auburn, AL, September), Midwest Econometrics Group (21st Annual Meeting, Chicago Booth, Chicago, IL, October, 4 articles)
• 2010: ASSA Annual Meeting (Atlanta, GA, January), KEA-KAEA International Conference (Chung-Ang University, Seoul, South Korea, August, 2 articles), SEA Annual Meeting (Atlanta, GA, November, 2 articles)
• 2009: ASSA Annual Meeting (San Francisco, CA, January), Auburn University (Auburn, AL, January), University of Southern Mississippi (Hattiesburg, MS, February), NBER Summer Institute (Cambridge, MA, July)
• 2008: Auburn University (Auburn, AL, Jan, Feb, Sep), Midwest Economics Association (72nd Annual Meeting, Chicago, IL, March), Texas Tech University (Lubbock, TX, April), Midwest Macro Meeting 2008 (University of Pennsylvania, Philadelphia, PA, May), KEA-KAEA International Conference (Sungkyunkwan University, Seoul, South Korea, August)
• 2007: University of Alabama (Tuscaloosa, AL, March), Auburn University (Auburn, AL, November)
• 2006: Auburn University (Auburn, AL, March), University of Alabama (Birmingham, AL, March), Bank of Korea (Seoul, South Korea, April), Korea Institute of Finance (Seoul, South Korea, April), Samsung Economic Research Institute (Seoul, South Korea, April), Korea Institute for International Economic Policy (Seoul, South Korea, April), Midwest Econometrics Group (16th Annual Meeting, University of Cincinnati, Cincinnati, OH, October), Ohio State University (Columbus, OH, May)
• 2005: Ohio State University (Columbus, OH, October, November)
• 2004: Midwest Econometrics Group (14th Annual Meeting, Northwestern University, Evanston, IL, October), Ohio State University (Columbus, OH, May)

Conference Session Organizer

• 2011: KAEA Workshops A and B (Denver, CO, January)
• 2010: KAEA Workshops A and B (Atlanta, GA, January)

Conference Session Discussant

• 2011: WEAI Annual Meeting (San Diego, CA, June)
• 2010: ASSA Annual Meeting (Atlanta, GA, January), SEA Annual Meeting (Atlanta, GA, November)
• 2008: Midwest Economics Association (72nd Annual Meeting, Chicago, IL, March)

Conference Session Chair

• 2010: KAEA Workshop B (Atlanta, GA, January)
• 2008: Midwest Macro Meeting 2008, (University of Pennsylvania, Philadelphia, PA, May)

Non-Academic Invited Presentations

• 2012: Public Talk, Tecnológico de Monterrey (Guadalajara, Mexico, March, Poster)
• 2010: KSEA-AL Symposium on Automotive Technology (Auburn, AL, October, Slides)

Referee

• Journal of Money, Credit, and Banking; Journal of Banking and Finance; Economics Letters; Empirical Economics; Applied Economics; Journal of Forecasting; Chinese Economic Review; Singapore Economic Review; International Review of Economics and Finance; Finance Research Letters; Emerging Markets Finance and Trade
• International Economic Journal; Seoul Journal of Economics; Journal of Financial Economic Policy; Quarterly Review of Economics and Finance; Natural Hazards

Fellowships, Awards, and Honors

• Service Award, Korea-America Economic Association, 2011
• NBER Summer Institute Travel Support, National Bureau of Economic Research, 2009
• Summer Research Grant, College of Business, Auburn University, 2007-2008
• Departmental Citation for Excellence in Teaching, Department of Economics, The Ohio State University, Autumn 2005
• JMCB Research-Travel Support, Department of Economics, The Ohio State University, 2004
• University Fellowship, The Ohio State University, August 2001-August 2002
• Seoul National University School of Business Alumni Fellowship, 1989-1992 
• Cum Laude, Seoul National University, 1992
• Economics Faculty Fellowship, Seoul National University, 1988-1992

Teaching Experience

• Undergraduate Courses: Macroeconomics, Money and Banking, Microeconomics, International Economics
• Graduate Courses: Macroeconomics, Econometrics, International Finance, Macroeconometrics

Dissertation Supervision

• Nazif Durmaz (Ph.D., Co-Chair, 2011, Visiting Assistant Professor at Stetson University), Ka Ming Cheng (Ph.D., Co-Chair, 2009, Assistant Professor at Hang Seng Management College, Hong Kong)
• Pramesti Resiandini (Ph.D., Committee Member, 2011, Instructor at Georgia State University)
• Dengjun Zhang (Ph.D., Reader, 2011), Li Meng (Ph.D., Reader, 2011)
• Liping Gao (Ph.D., Committee Member, In Progress)
• Christopher Vick (Masters, Chair, 2011), Zhixiao Liu (Masters, Chair, 2010)
• Zhenfei Tang (Masters, Committee Member, 2012), Ting Gu (Masters, Committee Member, 2012), Bijie Jia (Masters, Committee Member, 2012), Alexander Ruth (Masters, Committee Member, 2012), James Dickey (Masters, Committee Member, 2011), Daniel Otto (Masters, Committee Member, 2010), Nazif Durmaz (Masters, Committee Member, 2009), Sooriyakumar Krishnapillai (Masters, Committee Member, 2009), Nhuong Tran (Masters, Committee Member, 2009), Cephas Naanwaab (Masters, Committee Member, 2009), Chuannan Men (Masters, Committee Member, 2008), Noppadon Sathitsuksanoh (Masters, Committee Member, 2007)

Other Experience

• Reviewer, Essentials of Economics (6^th ed.), Brief Principles of Macroeconomics (6^th ed.), Principles of Microeconomics (6^th ed.), Principles of Macroeconomics (6^th ed.) by Greg Mankiw, 2010
• Reviewer, Money and Banking by Wright and Quadrini, Flat World Knowledge, 2008
• Reviewer, Test Bank for  International Economics (International Edition) by Krugman and Obstfeld, Pearson Addison-Wesley, 2008
• Reviewer, Test Bank for  International Economics by Krugman and Obstfeld (8^th edition), Pearson Addison-Wesley, 2007
• Reviewer, International Economics by Krugman and Obstfeld (8^th edition), Pearson Addison-Wesley, 2007
• Macroeconomics Lunch Seminar Organizer, The Ohio State University, Spring 2004
• Assistant Coordinator, 9^th KOPEC Executive Committee Meeting, June 1995
• Assistant Coordinator, APEC Telecomm & Information Ministerial Luncheon Meeting, KOPEC (Co-hosted with the U.S. PECC), May 1995

Affiliations

• American Economic Association (2010 - )
• Korea-America Economic Association (Lifetime)
• International Economics and Finance Society (Lifetime)
• Midwest Economics Association (2007 - 2008)
• Southern Economic Association (2010 - )
• Korean-American Scientists and Engineers Association (2008 - )