For the basic usage of Zoom, please refer to the YouTube tutorial at this link.

• Day 1
• Day 2

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July 27th, 2021 
​08:00 - 09:20 AM KST (19:00 - 20:20 EDT. July 26)  Invited Sessions I
09:30 - 10:50 AM KST (20:30 - 21:50 EDT. July 26)  Contributed Sessions I
11:00 - 12:20 AM KST (22:00 - 23:20 EDT. July 26)  Contributed Sessions II​
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• Invited Sessions I
• Contributed Sessions I
• Contributed Sessions II​

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Invited Session 1: Microeconomic Theory
Chair: Sung-Ha Hwang (Korea Advanced Institute of Science and Technology)
Zoom Link: ​Zoom1

• ​Joel Sobel (University of California, San Diego​)                                                                                                                ​ ​​On the Relationship Between Damage and Deception                                                                                                       Slides                                                                                                                                                                                                                                                 
• Samuel Bowles (Santa Fe Institute)                                                                                                                                 ​What Micro Theory Should Very Economist Know? A Machine Learning Investigation of Research and Texts  

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Invited Session 2: Macroeconomics
Chair: Yoonsoo Lee (Sogang University)
Zoom Link: Zoom3

• ​​​Toshihiko Mukoyama (Georgetown University​)                                                                                                                  Firm Growth through New Establishments                                                                                                                         ​co-authored with Dan Cao (Georgetown University), Henry R. Hyatt (U.S. Census Bureau),                                      and Erick Sager (Federal Reserve Board)                                                                                                                                                  ​
• Makoto Nirei (University of Tokyo)                                                                                                                           ​Repricing Avalanches                                                                                                                                                             co-authored with José A. Scheinkman (Columbia University) 

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Invited Session 3: Econometrics
Chair: Myung Hwan Seo (Seoul National University)
Zoom Link: Zoom5

• ​Sokbae(Simon) Lee (Columbia University)                                                                                                              Powerful Inference                                                                                                                                                                  co-authored with Xiaohong Chen (Yale University), and Myung Hwan Seo (Seoul National University)                                                                                                                              ​
• Yixiao Sun (University of California, San Diego​)                                                                                                             Support Vector Decision Making                                                                                                                                            Slides

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Invited Session 4: Applied Economics 1
Chair: Youjin Hahn (Yonsei University)
Zoom Link: Zoom8

• ​Seema Jayachandran (Northwestern University)                                                                                                              Reshaping Adolescents' Gender Attitudes: Evidence from a School-Based Experiment in India                              ​co-authored with Diva Dhar (University of Oxford), and Tarun Jain (Indian Institute of Management Ahmedabad)                                                                                                                                                                                                                    
• Alessandra Voena (Stanford University)                                                                                                                    Maternal Mortality Risk and Spousal Differences in the Demand for Children                                                            co-authored with Nava Ashraf (London School of Economics and Political Science), Erica Field (Duke University), and Roberto Ziparo (Aix-Marseille University)

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Session 1: Micro Theory 1 
Chair: Doh-Shin Jeon (Toulouse School of Economics)
Zoom Link: ​Zoom1

• Addictive Platforms ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​​presented by: Byung-Cheol Kim (University of Alabama), co-authored with Shota Ichihashi (Bank of Canada) 
• ​Two-Sided Platforms and Biases in Technology Adoption ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​presented by: Jay Pil Choi (Michigan State University), co-authored with Doh-Shin Jeon (Toulouse School of    Economics) 
• Platform Competition, Ad-valorem Commissions and App Development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​presented by: Doh-Shin Jeon (Toulouse School of Economics), co-authored with Patrick Rey (Toulouse School  of Economics)                                                                                                                                                                                                      

Session 2: Consumers, Firms, and Business Cycle: Micro Evidence
Chair: Ryan Kim (Johns Hopkins University)
Zoom Link: ​Zoom2

• Price, Sales, and the Business Cycle: Microeconomic Evidence ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​presented by: Fernando Borraz (Banco Central del Uruguay and Universidad de la Republica), co-authored with Giacomo Livan (University College London), Pablo Picardo (Banco Central del Uruguay), Anahi Rodriguez (CEMLA)         
• Cyclical Dynamics of Shopping: Aggregate Implications of Goods and Labor Markets                       presented by: ShinHyuck Kang (Korea Labor Institute)
• Spillovers and Redistribution through Intra-Firm Networks: The Product Replacement Channel                 ​presented by: Ryan Kim (Johns Hopkins University), co-authored with Jay Hyun (HEC Montréal)

                                                                                          

Session 3: Monetary Policy and Asset Markets
Chair: Inhwan So (Bank of Korea)
Zoom Link: ​Zoom3

• Monetary Policy Transmission through the Refinancing of Firms Bank Debt                                                        presented by: Eunkyung Lee (University of Manchester)
• Dynamic Adverse Selection and Belief Update in Credit Markets
  presented by: Inkee Jang (The Catholic University of Korea), co-authored with Kee-Youn Kang (Yonsei University)
• Stock Returns and Monetary Policy Stance
  presented by: Inhwan So (Bank of Korea), co-authored with Bosung Jang (Bank of Korea)

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Session 4: Substitution, Complementarity, and Production Function
Chair: Yasuyuki Osumi (University of Hyogo)
Zoom Link: ​Zoom4

• A Standard Constant Elasticity of Substitution (CES) Production Function                                                     ​presented by: Sungwhee Shin (University of Seoul), co-authored with Ki-Hong Choi (Korea Institute of Public  Finance)
• Business Cycles with Input Complementarities                                                                                                           presented by: Byoungchan Lee (Hong Kong University of Science and Technology), co-authored with Jay Hyun  (HEC Montréal), Ryan Kim (Johns Hopkins University)
• Structural Change, Service Sector Features, and Aggregate Elasticity of Substitution                                           presented by: Yasuyuki Osumi (University of Hyogo)​

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Session 5: Econometrics 1
Chair: Yongcheol Shin (University of York)
Zoom Link: ​Zoom5

• Testing for Homogeneous Thresholds in Threshold Regression Models
  presented by: Yoonseok Lee (Syracuse University), co-authored with Yulong Wang (Syracuse University)
• Dynamic Panel Model with Continuous Threshold Effect: Inference and Testing Continuity
  presented by: Woosik Gong (Seoul National University), co-authored with Myung Hwan Seo (Seoul National University)
• Testing the Adequacy of the Fixed Effects Estimator in the Presence of Cross-sectional Dependence
  presented by: Yongcheol Shin (University of York), co-authored with George Kapetanios (King's College London), Laura Serlenga (University of Bari)

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Session 6: Empirical Finance
Chair: Zhao Jin (PBCSF, Tsinghua University)
Zoom Link: ​Zoom6

• The Effect of Designated Market Makers on Market Volatility: Evidence from a Natural Experiment         ​presented by: Changsu Ko (Korea Institute of Public Finance), co-authored with Dongik Kang (Korea Institute of Public Finance), Jongsang Park (Sookmyung Women's University)
• Do Speculators Exacerbate Managerial Myopia? Evidence from Margin Traders in China                           ​presented by: Jun Chen (UC San Diego)  
• Which Factors are Priced? It Depends on Who You Ask: Investor Heterogeneity and Factor Pricing           ​presented by: Zhao Jin (PBCSF, Tsinghua University)

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Session 7: Firms
Chair: Dohyeon Lee (University of California, Santa Cruz)
​Zoom Link: ​Zoom7

• The Effect on Employment Dynamics of 4IR Technology                                                                                    ​presented by: Donghan Shin (Sogang University), co-authored with Hyunbae Chun (Sogang University)
• Selective Accumulation of Ideas: Accounting for the Decline in Entry Rate                                                     ​presented by: Dohyeon Lee (University of California, Santa Cruz) 

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Session 8: Discrimination and Identity 
Chair: Suanna Oh (Paris School of Economics)
Zoom Link: ​Zoom8

• Discriminations Against Marital and Childbearing Status in Employments: A Field Experiment from China         ​presented by: Weiguang Deng (Hunan University) 
• Black Entrepreneurs, Job Creation, and Financial Constraints                                                                           ​presented by: Kyung Min Lee (World Bank), co-authored with Mee Jung Kim (Sejong University), J.David Brown (Census Bureau), John Earle (George Mason University) 
• Does Identity Affect Labor Supply?
  presented by: Suanna Oh (Paris School of Economics) 

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Session 9: International Theory
Chair: Myunghyun Kim (Sungkyunkwan University)
Zoom Link: Zoom9

• Entry and Welfare in General Equilibrium with Heterogeneous Firms and Endogenous Markups​                           ​presented by: Seung Hoon Lee (Georgia Institute of Technology) 
• Intellectual Property Infringement by Foreign Firms: Import Protection through the ITC or Court
  presented by: James Brander (University of British Columbia)
• Gains from Monetary Policy Cooperation under Dollar Pricing
  presented by: Myunghyun Kim (Sungkyunkwan University) 

Session 10: Micro Theory 2
Chair: KyunHwa Kim (SolBridge International School of Business) 
Zoom Link: ​​Zoom1

• Price Skimming: Commitment and Delay in Bargaining with Outside Option                                                  presented by: Dongkyu Chang (City University of Hong Kong), co-authored with Jong Jae Lee (Wuhan                 ​University) 
• Dynamic Trading in a Decentralized Market: A Mechanism Design Approach                                                presented by: Jin-Wook Chang (Board of Governors of the Federal Reserve System), co-authored with  ​Dongkyu Chang (City University of Hong Kong) 
• ​Multipurchasing with Complementarity and Full Market Covering                                                                    presented by: KyunHwa Kim (SolBridge International School of Business), co-authored with Jong Jae Lee (Wuhan University) 

                                                        

Session 11: Issues in Monetary Policy
Chair: Seokil Kang (Indiana University) 
Zoom Link: ​Zoom2

• Optimal Monetary Policy Mix at the Zero Lower Bound                                                                                       presented by: Joonseok Oh (Freie Universität Berlin), co-authored with Dario Bonciani (Bank of England) 
• Just Do IT? An Assessment of Inflation Targeting in a Global Comparative Case Study                               presented by: Roberto Duncan (Ohio University), co-authored with Enrique Martinez-Garcia (Federal Reserve Bank of Dallas), Patricia Toledo (Ohio University) 
• ​Fiscal Backing for Monetary Policy​                                                                                ​                                      presented by: Seokil Kang (Indiana University)                                                                                                                                         

Session 12: Macro Issues in the World 
Chair: Yun Jung Kim (Sogang University)
Zoom Link: ​Zoom3

• International Effects of Quantitative Easing and Foreign Reserve Accumulation                                           presented by: Duhyeong Kim (University of Western Ontario) 
• Stimulating Investment or Creating Asset Bubbles: Lessons from Bank of Japan’s Corporate ETFs Purchases ​presented by: Lior Cohen (University of Barcelona) 
• Why Do Low-Income Countries Default Less?                                                                                                       presented by: JiYong Jung (Sogang University), co-authored with Yun Jung Kim (Sogang University)​

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Session 13: Uncertainty, Distribution, and Aggregate Fluctuations
Chair: Nam Gang Lee (Bank of Korea) 
Zoom Link: Zoom4

• Cash is King or Trash? Reviewing Political Uncertainty and Corporate Behaviour                                          presented by: Kulnicha Meechaiyo (University of Glasgow) 
• Aggregate Fluctuations from Clustered Micro Shocks                                                                                        presented by: Daisoon Kim (North Carolina State University) 
• ​Vulnerable Growth: A Revisit                                                                                                                                    ​ ​presented by: Nam Gang Lee (Bank of Korea) 

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Session 14: Econometrics 2​
Chair: Myung Hwan Seo (Seoul National University) 
Zoom Link: ​Zoom5

• Under-Identification of Structural Models Based on Timing and Information Set Assumptions                  presented by: Kyoo il Kim (Michigan State University) 
• Permutation Tests at Nonparametric Rates                                                                                                          ​ ​presented by: EunYi Chung (University of Illinois at Urbana-Champaign), co-authored with Marinho Bertanha (University of Notre Dame) ​      ​ ​ ​
• ​Robust Inference on Infinite and Growing Dimensional Regression                                                                  ​presented by: presented by: Myung Hwan Seo (Seoul National University), co-authored with Abhimanyu Gupta (University of Essex)

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Session 15: Finance​
Chair: Jinhyuk Lee (Korea University) 
Zoom Link: Zoom6

• The Value of Activism: A Hedge Fund Investor’s Perspective                                                                             presented by: Caroline Zhu (Seattle Pacific University), co-authored with Felix Feng (University of Washington),     ​Chengdong Yin (Purdue University) 
• ​The Impact of Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics                          presented by: Jongmin Lee (Bank of Korea), co-authored with Seungho Jung (Incheon National University),   ​Seohyun Lee (IMF)      
• Gender-Blind or Gender-Biased? Gender Gap and Project Development Stage in Crowdfunding                presented by: Jinhyuk Lee (Korea University), co-authored with Jiyong Park (University of North Carolina at Greensboro), Jongho Kim (KAIST) ​

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Session 16: Experiments
Chair: Seeun Jung (Inha University) 
Zoom Link: ​Zoom7

• Multilateralism Paradox of Network in Bargaining
  presented by: Duk Gyoo Kim (University of Mannheim), co-authored with Joosung Lee (University of Edinburgh) 

• Representation, Peer Pressure, and Punishment in a Public Goods Game Experiment
  presented by: Doruk Iris (Sogang University), co-authored with Hyoyoung Kim (Sogang University), Jinkwon Lee (Sogang University), Alessandro Tavoni (University of Bologna) 

• What’s the Risk from Competing: Gender Differences in Competition Aversion and the Gender Wage Gap
  presented by: Seeun Jung (Inha University), co-authored with Chung Choe (Konkuk University), Ronald Oaxaca (University of Arizona) 

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Session 17: Development​
Chair: Hyunjoo Yang (Sogang University) 
Zoom Link: Zoom8

• Labor Supply and Welfare Effects of Electricity in Ghana: Does Geography Matter?
  presented by: Esther Acquah (University of Alicante) 

• ​​Misallocation and Agricultural Production: Evidence from India
  presented by: Josh Merfeld (KDI School of Public Policy and Management) 

• Teaching Machines to Measure Economic Development Using Daytime Satellite Imagery
  presented by: Hyunjoo Yang (Sogang University) 

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Session 18: Ideas, Information, and Uncertainty​
Chair: Jaevin Park (University of Mississippi)
Zoom Link: Zoom9

• Selection in Information Acquisition and Monetary Non-Neutrality
  presented by: Choongryul Yang (Federal Reserve Board of Governors), co-authored with Hassan Afrouzi (Columbia University) 

• Can Pension-Reform Uncertainty Be Desirable? The Case of China
  presented by: Eungsik Kim (University of Kansas) 

• Blockchain, Information Production, and Ownership Structure: The Case of a Decentralized Academic Journal
  presented by: Jaevin Park (University of Mississippi), co-authored with Kyoung Jin Choi (University of Calgary) 

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July 28th, 2021
08:00 - 09:20 AM KST (19:00 - 20:20 EDT. July 27) Invited Sessions II
09:30 - 10:50 AM KST (20:30 - 21:50 EDT. July 27) Contributed Sessions III​
11:00 - 12:20 AM KST (22:00 - 23:20 EDT. July 27) Contributed Sessions IV​
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• Invited Sessions I​I
• Contributed Sessions II​I
• Contributed Sessions IV​

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Invited Session 5: Applied Macroeconomics
Chair: Yongsung Chang (Seoul National University) 
Zoom Link: Zoom2                                                                               

• John Bailey Jones (Federal Reserve Bank of Richmond)                                                                                        ​     Incarceration, Earnings and Race                                                                                                                                         co-authored with Grey Gordon (Federal Reserve Bank of Richmond), Urvi Neelakantan (Federal Reserve Bank     of Richmond), Kartik Athreya (Federal Reserve Bank of Richmond)

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Invited Session 6: Applied Economics 2
Chair: Chamna Yoon (Korea Advanced Institute of Science and Technology)
Zoom Link: Zoom6

• Mitsuru Igami (Yale University)                                                                                                                                    Measuring the Incentive to Collude: The Vitamin Cartels, 1990-1999                                                                           ​co-authored with Takuo Sugaya (Stanford Graduate School of Business)                                                                                          
• Sumit Agarwal ​(National University of Singapore)                                                                                             ​Supporting Seniors: How Low-Income Elderly Individuals Respond to a Retirement Support Program​                  ​co-authored with Wenlan Qian (NUS), Tianyue Ruan (NUS), and Bernard Yin Yeung (NUS)

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Invited Session 7: International Economics 
Chair: Jae Bin Ahn (Seoul National University)
Zoom Link: Zoom9

• Davin Chor (Dartmouth College​)                                                                                                                            Contracting Friction in Global Sourcing: Implications for Welfare                                                                                  co-authored with Lin Ma (National University of Singapore)                                                                                                 
• Federico Diez (International Monetary Fund)                                                                                                                     Rising Corporate Market Power: Emerging Policy Issues                                                                                                co-authored with Ufuk Akcigit (University of Chicago), Wenjie Chen (IMF), Romain Duval (IMF), Philipp Engler (IMF), Jiayue Fan (IMF), Chiara Maggi (IMF), Marina M. Tavares (IMF), Daniel Schwarz (IMF), Ippei Shibata (IMF), and Carolina Villegas-Sánchez (ESADE Business School)                                                  

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Session 19: Micro Theory 3
Chair: Wooyoung Lim (Hong Kong University of Science and Technology)
Zoom Link: ​Zoom1

• Influence Maximization in Networks
  presented by: Euncheol Shin (KAIST), co-authored with Daeyoung Jeong (Pohang University of Science and Technology)
• Stochastic Choice and Noisy Beliefs in Games: An Experiment
  presented by: Evan Friedman (Columbia University) 
• When To Visit: Information Acquisition in College Admissions
  presented by: Wooyoung Lim (Hong Kong University of Science and Technology), co-authored with Youngwoo Koh (Korea University) 
                                                                  

Session 20: Inequality and Wealth in the Perspective of Monetary Policy
Chair: Hyong se Yoo (Brandeis University) 
Zoom Link: Zoom2

• Quantitative Easing and Inequality
  presented by: Donggyu Lee (University of Maryland, College Park) 
• Gini in Taylor Rule: Should Fed Care About Inequality?
  presented by: Eunseong Ma (Louisiana State University), co-authored with Kwangyong Park (Bank of Korea) 
• Weakened Wealth Effect
  presented by: Hyong se Yoo ​(Brandeis University)

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Session 21: Labor Market Issues
Chair: Minchul Yum (University of Mannheim) 
Zoom Link: Zoom3​

• Skill Substitutability, Trade with China and College Wage Premium in Korea
  presented by: Jong-Suk Han (Ajou University) 
• The Distributional Effects of COVID-19 and Optimal Mitigation Policies
  presented by: Sewon Hur (Federal Reserve Bank of Dallas) 
• Lifestyle Behaviors and Wealth-Health Gaps over the Life Cycle
  presented by: Minchul Yum (University of Mannheim), co-authored with Lukas Mahler (University of Mannheim) 

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Session 22: Money in Equilibrium Model
Chair: Ohik Kwon (Bank of Korea) 
Zoom Link: Zoom4​​

• Money Creation and Banking: Theory and Evidence
  presented by: Heon Lee (University of Missouri) 
• E-money, Credit Cards, and Privacy
  presented by: Kee-Youn Kang (Yonsei University) 
• Distribution-Dependent Value of Money: A Coalition-Proof Approach to Monetary Equilibrium
  presented by: Ohik Kwon (Bank of Korea) 

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Session 23: Urban 1
Chair: Jinwon Kim (Sogang University) 
Zoom Link: Zoom5​

• Focus vs. Spread: Police Box Consolidation and Its Impact on Crime in Korea
  presented by: Songman Kang (Hanyang University), co-authored with Duol Kim (Myongji University) 
• Evaluating the Impact of Affordable Housing Policy: The New York City 421-a Program
  presented by: Myeonghwan Na (Korea Advanced Institute of Science and Technology), co-authored with Chamna Yoon (KAIST) 
• Congestion Costs and Scheduling Preferences of Car Commuters in California: Estimates Using Big Data
  presented by: Jinwon Kim (Sogang Univerisity), co-authored with Jucheol Moon (California State University, Long Beach)

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Session 24: Industrial Organization
Chair: Dongik Kang (Korea Institute of Public Finance)
Zoom Link: Zoom6​​

• Innovation Spillovers Within Business Groups: Evidence from Korean Chaebols
  presented by: Frederick Dongchuhl Oh (Korea Advanced Institute of Science and Technology), co-authored with Kyounghun Lee (KAIST), Donglim Shin (WOORI Finance Research Institute), Heejin Yoon (University of Wisconsin-Madison) 
• Temporary Price Reductions and Competition: Evidence from the Retail Beer Market
  presented by: Dongik Kang (Korea Institute of Public Finance), co-authored with Andrew Usher (Bank of Canada) 
• Is Online Shopping Packaging Waste A Threat to the Environment?
  presented by: Yeonsu Kim (Sogang University), co-authored with Hyunbae Chun (Sogang University), Jisoo Kang (Sogang University) 

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Session 25: Labor 
Chair: Seonho Shin (Korea Labor Institute) 
Zoom Link: Zoom7​​

• The Effects of Initial Labor Market Conditions on Entrants’ Careers
  presented by: Kyeongah Lee (Brandeis University) 
• Do Earthquakes Induce Out-Migration?: Evidence from the 2017 Pohang Earthquake in Korea
  presented by: Hyejin Kim (Bank of Korea), co-authored with Jongkwan Lee (Ewha Womans University) 
• Were They a Shock or an Opportunity?: The Heterogeneous Impacts of the 9/11 Attacks on Refugees as Job Seekers - A Non-Linear Multi-Level Approach
  presented by: Seonho Shin (Korea Labor Institute)

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Session 26: Empirical Trade 1 
Chair: Haeyeon Yoon (University of Bristol) 
Zoom Link: Zoom8

• Heterogeneous Trade Effects of PTAs Across Products with Different Skill and Technology Intensity
  presented by: Juyoung Cheong (Kyung Hee University) 
• Offshoring and Wages in Local Labor Markets: Evidence from the U.S. Trade Adjustment Assistance Program
  presented by: Yang Shen (Hanyang University), co-authored with Hyejoon Im (Yeungnam University), Myunghwan Yoo (Korea Research Institute for Vocational Education and Training) 
• The Effect of Export Credit Agencies on Firm Export and Performance
  presented by: Haeyeon Yoon (University of Bristol), co-authored with Jung Hur (Sogang University)

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Session 27: International Macro 1
Chair: Seung Yong Yoo (Yonsei University) 
Zoom Link: Zoom9

• Global Factors in Inflation and Interest Rates
  presented by: Sun Ho LEE (Korea University), co-authored with Kyu Ho Kang (Korea University) 
• U.S. Monetary Policy Spillover to Emerging Economy Corporate Bond Market                                                presented by: Jongho Park (Soongsil University), co-authored with Heedong Kim (Baruch College) 
• Are Government Spending Shocks Inflationary at the Zero Lower Bound? New Evidence from Daily Data
  presented by: Seung Yong Yoo (Yonsei University), co-authored with Sangyup Choi (Yonsei University), Junhyeok Shin (Yonsei University)

Session 28: Firm Growth, Investment, Social Responsibility
Chair: Jeong Ho (John) Kim (Emory University)
Zoom Link: ​Zoom1

• Government Purchases and Firm Growth
  presented by: Munseob Lee (University of California San Diego) 
• Optimal Investment, Tobin's q, and Cash Flow: Does the Unobserved Productivity Matter?
  presented by: Suyong Song (University of Iowa), co-authored with Kyoo il Kim (Michigan State University), Jiawei Wang (University of Iowa) 
• The Price of Individual and Corporate Social Irresponsibility
  presented by: Jeong Ho (John) Kim (Emory University), co-authored with Sung Kwan Lee (Chinese University of Hong Kong, Shenzhen)
                                                                

Session 29: Household Debt and Policy
Chair: Sangyup Choi (Yonsei University) 
Zoom Link: Zoom2

• What Determines Household Credit Limits?
  presented by: Jane Yoo (Ajou University) 
• Household Debt and the Effects of Fiscal Policy
  presented by: Hyunji Song (Texas A&M University) 
• Household Indebtedness and the Macroeconomic Effects of Tax Changes
  presented by: Sangyup Choi (Yonsei University), co-authored with Junhyeok Shin (Yonsei University)
                                                    

Session 30: Issues in Growth: Idea Production, Education, and Migration
Chair: Akira Shimada (Nagasaki University) 
Zoom Link: Zoom3

• Effects of Aligning Trades with Idea Production on Economic Growth
  presented by: Hyeok Jeong (Seoul National University)                                                                                   
• Educational Quality and Disparities in Income and Growth across Countries
  presented by: Jong Wha Lee (Korea University), co-authored with Hanol Lee (Southwestern University of Finance and Economics) 
• Does the Host Country Experience the Brain Drain or the Brain Gain by Accepting Study Migrants?
  presented by: Akira Shimada (Nagasaki University) 
                                                                  

Session 31: Economic Development, Education
Chair: Saima Khan (New York University Abu Dhabi) 
Zoom Link: Zoom4

• Big Push in Distorted Economies
  presented by: Yongseok Shin (Washington University in St. Louis), co-authored with Francisco Buera (Washington University in St. Louis), Hugo Hopenhayn (University of California Los Angeles), Nicholas Trachter (Federal Reserve Bank of Richmond) 
• Does BRAC Provide Highly Effective Schooling in Developing Countries?
  presented by: Saima Khan (New York University Abu Dhabi), co-authored with John Ham (New York University Abu Dhabi) 
                                                                            

Session 32: Urban 2
Chair: HuiHui Yin (Kyung Hee University) 
Zoom Link: Zoom5

• Top-floor Discounts in Residential Buildings: Evidence from South Korea
  presented by: Sam Hwang (University of British Columbia) 
• Housing Prices and Public Transportation Improvements: Evidence from Medellin, Columbia
  presented by: Yadira Gómez-Hernández (Universitat Autonoma de Barcelona) 
• An Influx of Firms and Economic Growth of Cities: Evidence From China
  presented by: HuiHui Yin (Kyung Hee University), co-authored with Juyoung Cheong (Kyung Hee University)
                                                                            

Session 33: Structural Analysis
Chair: Yujung Hwang (Johns Hopkins University) 
Zoom Link: Zoom6

• The Valuation of Local Government Spending: Gravity Approach and Aggregate Implications
  presented by: Wookun Kim (Southern Methodist University) 
• Does the Internet Replace Brick-and-Mortar Bank Branches?
  presented by: Minhae Kim (Ohio State University) 
• Structural Analysis of Xenophobia
  presented by: Yujung Hwang (Johns Hopkins University), co-authored with Huan Deng (Johns Hopkins Univeristy) 
                                                                              

Session 34: COVID-19
Chair: Jaeok Lim (Korea Institute of Science and Technology Information) 
Zoom Link: Zoom7

• Impacts of the COVID-19 Crisis on Single-Person Households in South Korea
  presented by: Jun Hyung Kim (Jinan University), co-authored with Haeil Jung (Korea University), Gihyeon Hong (Korea University) 
• The Economic Impact of COVID-19 and Direct Stimulus Payments on Offline Businesses in South Korea
  presented by: Jihee Kim (KAIST), co-authored with Su Sang Lee (KAIST) 
• Can the Stock Market Predict Epidemics? A COVID-19 Event Study
  presented by: Jaeok Lim (Korea Institute of Science and Technology Information), co-authored with Insung Ahn (Korea Institute of Science and Technology Information)                                                                

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Session 35: Empirical Trade 2
Chair: Donghyun Kim (University of International Business and Economics) 
Zoom Link: Zoom8

• Trade and Margins of Innovative Technologies: Evidence from Patent-Firm Matched Data
  presented by: ByeongHwa Choi (Dongguk University), co-authored with Jeonghwan Choi (Michigan State University) 
• Import Competition and Firms’ Internal Networks: An Establishment-level Analysis
  presented by: Jay Hyun (HEC Montréal), co-authored with Ziho Park (University of Chicago), Vladimir Smirnyagin (Yale University) 
• Exporters Are Cleaner than You Think: Theory and Evidence from Chinese Firm-level Data
  presented by: Donghyun Kim (University of International Business and Economics), co-authored with Jung Hur (Sogang University), Jiansuo Pei (Renmin University of China) 

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Session 36: International Macro 2 
Chair: Cheolbeom Park (Korea University) 
Zoom Link: Zoom9

• Downward Nominal Wage Rigidity, Fixed Exchange Rate, and Unemployment: The Case of Dollarization with a Binding Minimum Wage
  presented by: Jaerim Choi (University of Hawaii at Manoa), co-authored with Jae Bin Ahn (Seoul National University) 
• Asymmetric Trade Liberalizations and Current Account Dynamics
  presented by: Alessandro Barattieri (ESG UQAM) 
• Why Do We Observe the Delayed Overshooting Response of the Exchange Rate to Contractionary Monetary Policy Shock?
  presented by: Cheolbeom Park (Korea University)