Working Paper Series

WP NumberDeposit DateTitleAuthors
AUWP2010-01May 28, 2010A Time-Series Analysis of U.S. Kidney Transplantation and the Waiting List: Donor Substitution Effects and "Dirty Altruism"T. Randolph Beard, John D. Jackson, David Kaserman, Hyeongwoo Kim
AUWP2010-02May 28, 2010Bias Correction and Out-of- Sample Forecast AccuracyHyeongwoo Kim, Nazif Durmaz
AUWP2010-03May 28, 2010VECM
Estimations of the PPP Reversion Rate Revisited: The Conventional Role of
Relative Price Adjustment Restored
Hyeongwoo Kim
AUWP2010-04September 3, 2010Demographic
Change, Macroeconomic Conditions, and the Murder Rate: The Case of the United
States, 1934 to 2006
John M. Nunley, Richard A. Seals
Jr., Joachim Zietz 
AUWP2010-05October 26, 2010What Drives
Commodity Prices?
Shu-Ling Chen, John D. Jackson,
Hyeongwoo Kim, Pramesti Resiandini
AUWP2010-06October 26, 2010Energy
Substitution, Production, and Trade in the US
Henry Thompson
AUWP2010-07November 11, 2010Internet Use
and Job Search
T. Randolph Beard, George S. Ford,
Richard P. Saba, Richard A. Seals Jr.
AUWP2010-08December 24, 2010Examining the
Evidence of Purchasing Power Parity by Recursive Mean Adjustment
Hyeongwoo Kim, Young-Kyu Moh
AUWP2011-01January 25, 2011Hysteresis vs.
Natural Rate of US Unemployment
Ka Ming Cheng, Nazif Durmaz,
Hyeongwoo Kim, Michael Stern
AUWP2011-02February 2, 2011Purchasing
Power Parity and the Taylor Rule
Hyeongwoo Kim, Masao Ogaki
AUWP2011-03March 21, 2011Cognitive
Ability and the Division of Labor  in Urban Ghettos: Evidence from
Gang Activity in U.S. Data 
Richard Alan Seals Jr.
AUWP2011-04April 7, 2011Spillover
Effects of the US Financial Crisis on Financial Markets in Emerging Asian
Countries
Bong-Han Kim, Hyeongwoo Kim
AUWP2011-05April 7, 2011Reassessing
the Link between the Japanese Yen and Emerging Asian Currencies
Bong-Han Kim, Hyeongwoo Kim,
Hong-Ghi Min
AUWP2011-06June 22, 2011The Impact of
Macroeconomic Conditions on Property Crime
John M. Nunley, Richard A. Seals
Jr., Joachim Zietz 
AUWP2011-07July 13, 2011On the
Time-Varying Relationship between Closed-End Fund Prices and Fundamentals:
Bond vs. Equity Fund
Seth Anderson, T. Randolph Beard,
Hyeongwoo Kim, Liliana Stern
AUWP2011-08August 1, 2011The Impact of
Institutions and Development on Happiness
Duha T. Altindag, Junyue Xu
AUWP2011-09August 8, 2011Does Bill
Co-sponsorship Affect Campaign Contributions?: Evidence from the U.S. House
of Representatives, 2000-2008
Shaun M. Tanger, Richard Alan Seals
Jr., David N. Laband
AUWP2011-10August 12, 2011Investment in
Cleaner Technology and Signaling Distortions in a Market with Green
Consumers 
Aditi Sengupta
AUWP2011-11August 23, 2011Fear and
Closed-End Fund Discounts: Investor Sentiment Revisited
Seth Anderson, T. Randolph Beard,
Hyeongwoo Kim, Liliana Stern
AUWP2011-12September 26, 2011The US Tourism
Trade Balance and Exchange Rate Shocks
Ka Ming Cheng, Hyeongwoo Kim, Henry
Thompson
AUWP2011-13October 3, 2011Crime and
Unemployment: Evidence from Europe
Duha T. Altindaga
AUWP2011-14October 25, 2011Child-Custody
Reform and the Division of Labor in the Household
Duha T. Altindaga, John M. Nunley,
Richard A. Seals Jr.
AUWP2012-01February 23, 2012Education,
Cognition, Health Knowledge, and Health Behavior
Naci Mocan, Duha T. Altindag
AUWP2012-02April 6, 2012The Yen Real
Exchange Rate May Not Be Stationary After All: New Evidence from Non-linear
Unit-Root Tests
Hyeongwoo Kim, Young-Kyu Moh
AUWP2012-03May 17, 2012The Short-Run
Pricing Behavior of Closed-End Funds: Bond vs. Equity Funds
Seth Anderson, T. Randolph Beard,
Hyeongwoo Kim, Liliana Stern
AUWP2012-04July 24, 2012Generalized
Impulse Response Analysis: General or Extreme?
Hyeongwoo Kim
AUWP2012-05July 30, 2012Wages in a
Factor Proportions Model with Energy Input 
Hyeongwoo Kim, Henry Thompson
AUWP2012-06October 1, 2012Spillover
Effects of the U.S. Financial Crisis on Financial Markets in Emerging Asian
Countries
Bong-Han Kim, Hyeongwoo Kim,
Bong-Soo Lee
AUWP2012-07May 17, 2012Fear and
Closed-End Fund Discounts
Seth Anderson, T. Randolph Beard,
Hyeongwoo Kim, Liliana Stern
AUWP2012-08November 26, 2012Competitive
Investment in Clean Technology and Uninformed Green Consumers 
Aditi Sengupta
AUWP2013-01February 21, 2013Education,
Cognition, Health Knowledge, and Health Behavior
Naci Mocan, Duha T. Altindag
AUWP2013-02February 21, 2013Salaries and
Work Effort: An Analysis of the European European Union Parliamentarians
Naci Mocan, Duha T. Altindag
AUWP2013-03February 28, 2013What Drives
Commodity Prices?
Shu-Ling Chen, John D. Jackson,
Hyeongwoo Kim, Pramesti Resiandini
AUWP2013-04March 12, 2013How Does the
Oil Price Shock Affect Consumers?
Liping Gao, Hyeongwoo Kim, Richard
Saba
AUWP2013-05March 14, 2013Revisiting the
Empirical Inconsistency of the Permanent Income Hypothesis: Evidence from
Rural China
Liping Gao, Hyeongwoo Kim, Yaoqi
Zhang
AUWP2013-06March 15, 2013Measuring the
Speed of Convergence of Stock Prices: A Nonparametric and Nonlinear
Approach 
Hyeongwoo Kim, Deockhyun Ryu
AUWP2013-07April 22, 2013Efficient
Self-Protection and Progress in Curing-Technology
Gilad Sorek
AUWP2013-08July 24, 2013A
Nonparametric Study of Real Exchange Rate Persistence over a Century
Hyeongwoo Kim, Deockhyun Ryu
AUWP2013-09August 15, 2013On the Effect
of the Great Recession on US Household Expenditures for Entertainment
Liping Gao, Hyeongwoo Kim, Yaoqi
Zhang
AUWP2013-10August 20, 2013Incentive to
Reduce Cost under Incomplete Information
Aditi Sengupta
AUWP2013-11August 27, 2013Energy
Tariffs, Production, and Income in a Small Open Economy
Henry Thompson
AUWP2013-12August 27, 2013A Factor
Tariff, Domestic Supply, and Income
Henry Thompson
AUWP2013-13August 27, 2013Resource
Depletion and Trade: Adding a Nonrenewable Resource to the Heckscher-Ohlin
Model
Henry Thompson
AUWP2013-14September 6, 2013Capital
Investment and Employment in the Information Sector
T. Randolph Beard, George Ford,
Hyeongwoo Kim
AUWP2013-15September 25, 2013Regional Trade
in a Purely Competitive Model
Henry Thompson
AUWP2013-16October 21, 2013The Zero Lower
Bound: Frequency, Duration, and Determinacy
Alexander Richter, Nathaniel
Throckmorton
AUWP2013-17October 21, 2013Global
Dynamics at the Zero Lower Bound
William Gavin, Benjamin Keen,
Alexander Richter, Nathaniel Throckmorton
AUWP2013-18October 21, 2013The
Consequences of Uncertain Debt Targets
Alexander Richter, Nathaniel
Throckmorton
AUWP2013-19November 4, 2013The Fiscal
Limit and Non-Ricardian Consumers
Alexander Richter
AUWP2013-20November 18, 2013Pharmaceutical
regulation and innovative performance: a decision-theoretic model
Tannista Banerjee, Stephen Martin
AUWP2013-21November 18, 2013The Impact of
R&D Cooperation on Drug Variety Offered on the Market. Evidence from the
Pharmaceutical Industry
Tannista Banerjee, Ralph
Siebert  
AUWP2013-22November 23, 2013Are Global
Food Prices Becoming More Volatile and More Persistent?
Hyeongwoo Kim
AUWP2014-01January 8, 2014Crime and
International Tourism
Duha T. Altindag
AUWP2014-02February 10, 2014Estimating
Interest Rate Setting Behavior in Korea: An Ordered Probit Model Approach
Duha T. Altindag, Hyeongwoo Kim
AUWP2014-03April 9, 2014College Major,
Internship Experience, and Employment Opportunities: Estimates from a Résumé
Audits
John M. Nunley, Adam Pugh, Nicholas
Romero, Richard Alan Seals, Jr.
AUWP2014-04April 9, 2014Unemployment,
Underemployment, and Employment Opportunities: Results from a Correspondence
Audit of the Labor Market for College Graduates
John M. Nunley, Adam Pugh, Nicholas
Romero, Richard Alan Seals, Jr.
AUWP2014-05April 9, 2014On the
Importance of Inequality in Politics: Duplicate Bills and Bill Co-sponsorship
in the U.S. House of Representatives
David N. Laband, Richard Alan Seals,
Jr.
AUWP2014-06April 9, 2014An Examination
of Racial Discrimination in the Labor Market for Recent College Graduates:
Estimates from the Field
John M. Nunley, Adam Pugh, Nicholas
Romero, Richard Alan Seals, Jr.
AUWP2014-07April 9, 2014Security and
Government Credibility
T. Randolph Beard, Richard Alan
Seals, Jr., Michael Stern
AUWP2014-08April 25, 2014Accuracy,
Speed and Robustness of Policy Function Iteration
Todd B. Walker, Alexander W.
Richter, Nathaniel A. Throckmorton
AUWP2014-09May 4, 2014The Zero Lower
Bound: Frequency, Duration, and Numerical Convergence
Alexander W. Richter, Nathaniel A.
Throckmorton
AUWP2014-10May 4, 2014How Does the
Oil Price Shock Affect Consumers?
Liping Gao, Hyeongwoo Kim, Richard
Saba
AUWP2014-11July 11, 2014Testing the
Predictability of Consumption Growth: Evidence from China
Liping Gao, Hyeongwoo Kim
AUWP2014-12September 25, 2014The
Determinants of the Benchmark Interest Rates in China: A Discrete Choice
Model Approach
Hyeongwoo Kim, Wen Shi
AUWP2014-13November 3, 2014London
Calling: Nonlinear Mean Reversion across National Stock Markets
Hyeongwoo Kim, Jintae Kim
AUWP2014-14November 25, 2014The Short-Run
Pricing Behavior of Closed-End Funds: Bond vs. Equity Funds
Seth Anderson, T. Randolph Beard,
Hyeongwoo Kim, Liliana Stern
AUWP2014-15December 4, 2014A
Nonparametric Study of Real Exchange Rate Persistence over a Century
Hyeongwoo Kim, Deockhyun Ryu
AUWP2015-01February 16, 2015Spillover
Effects of the U.S. Financial Crisis on Financial Markets in Emerging Asian
Countries
Bong-Han Kim, Hyeongwoo Kim,
Bong-Soo Lee
AUWP2015-02March 31, 2015Government
Spending Shocks and Private Activity: The Role of Sentiments
Bijie Jia, Hyeongwoo Kim
AUWP2015-03April 1, 2015Health
Insurance and Competition in Health Care Markets
Gilad Sorek
AUWP2015-04April 6, 2015Forecasting
Financial Market Vulnerability in the U.S.: A Factor Model Approach
Hyeongwoo Kim, Wen Shi
AUWP2015-05May 14, 2015Health
Insurance Mandates in a Model with Consumer Bankruptcy
Gilad Sorek, David Benjamin
AUWP2015-06May 26, 2015On the Effect
of the Great Recession on US Household Expenditures for Entertainment
Liping Gao, Hyeongwoo Kim, Yaoqi
Zhang
AUWP2015-07June 26, 2015Location and
Product Choice in Option Demand Markets
Gilad Sorek
AUWP2015-08June 26, 2015Measuring the
Speed of Convergence of Stock Prices: A Nonparametric and Nonlinear Approach
Hyeongwoo Kim, Deockhyun Ryu
AUWP2015-09July 5, 2015College Major,
Internship Experience, and Employment Opportunities: Estimates from a Résumé
Audits
John M. Nunley, Adam Pugh, Nicholas
Romero, Richard Alan Seals, Jr.
AUWP2015-10July 13, 2015Forward
Guidance and the State of the Economy
Benjamin D. Keen, Alexander Richter,
Nathaniel A. Throckmorton
AUWP2015-11August 26, 2015Competition
and Product Choice in Option Demand Markets
Gilad Sorek
AUWP2015-12September 16, 2015Competition
and Consumer Choice in Option Demand Markets
Gilad Sorek
AUWP2015-13September 28, 2015Unemployment,
Underemployment, and Employment Opportunities: Results from a Correspondence
Audit
John M. Nunley, Adam Pugh, Nicholas
Romero, Richard Alan Seals, Jr.
AUWP2015-14September 30, 2015Finite
Lifetimes, Population, and Growth
Bharat Diwakar, Gilad Sorek
AUWP2015-15October 1, 2015Pitfalls in
Testing for Cointegration between Inequality and the Real Income
Ghislain N. Gueye, Hyeongwoo Kim,
Gilad Sorek
AUWP2015-16October 7, 2015Economic
Development and Stage-Dependent IPR
Bharat Diwakar, Gilad Sorek
AUWP2015-17November 3, 2015Estimating
Interest Rate Setting Behavior in Korea: A Constrained Ordered Choices Model
Approach
Hyeongwoo Kim, Wen Shi, Kwang-Myoung
Hwang
AUWP2015-18November 13, 2015The
Heterogeneous Responses of the World Commodity Prices to Exchange Rate Shocks
Hyeongwoo Kim, Jintae Kim
AUWP2015-19December 1, 2015Testing the
Predictability of Consumption Growth: Evidence from China
Liping Gao, Hyeongwoo Kim
AUWP2016-01March 12, 2016Price
Adjustment to the Exchange Rate Shock in World Commodity Markets
Hyeongwoo Kim, Jintae Kim
AUWP2016-02March 28, 2016Human-Capital
Spillover, Population, and Economic Growth
Bharat Diwakar, Gilad Sorek
AUWP2016-03March 28, 2016Dynastic
Altruism, Population Growth, and Economic Prosperity
Bharat Diwakar, Gilad Sorek
AUWP2016-04March 28, 2016Government
Spending Shocks and Private Activity: The Role of Sentiments
Bijie Jia, Hyeongwoo Kim
AUWP2016-05March 28, 2016Life-Cycle
Saving, Bequests, and the Role of Population in R&D-based Growth
Bharat Diwakar, Gilad Sorek
AUWP2016-06April 27, 2016Regulating
from the Demand Side: Public Health Insurance with Monopolistically
Competitive Providers and Optional Spot Sales
Gilad Sorek, Randolph T. Beard
AUWP2016-07April 27, 2016Pitfalls in
Testing for Cointegration between Inequality and the Real Income
Ghislain N. Gueye, Hyeongwoo Kim,
Gilad Sorek
AUWP2016-08July 25, 2016Finite
Lifetimes, Patents' Length and Breadth, and Growth
Bharat Diwakar, Gilad Sorek
AUWP2016-09September 8, 2016Testing the
Predictability of Consumption Growth: Evidence from China
Liping Gao, Hyeongwoo Kim
AUWP2016-10September 12, 2016Forecasting
Financial Stress Indices in Korea: A Factor Model Approach
Hyeongwoo Kim, Wen Shi, Hyun Hak Kim
AUWP2016-11October 24, 2016Dynamics of
Human Capital Accumulation, IPR Policy, and Growth
Bharat Diwakar, Gilad Sorek
AUWP2016-12October 24, 2016Weak Scale
Effects in Overlapping Generations Economy
Bharat Diwakar, Gilad Sorek
AUWP2016-13November 1, 2016Is Good News
for Donald Trump Bad News for the Peso?
T. Randolph Beard, Hyeongwoo Kim,
Michael L. Stern
AUWP2016-14November 12, 2016The
Determinants of the Benchmark Interest Rates in China: A Discrete Choice
Model Approach
Hyeongwoo Kim, Wen Shi
AUWP2016-15November 14, 2016Forecasting
Financial Vulnerability in the US: A Factor Model Approach
Hyeongwoo Kim, Wen Shi
AUWP2016-16December 8, 2016Green Premium,
Ecolabel, and Environmental Damage
Aditi Sengupta
AUWP2017-01April 11, 2017Market Power
and Growth through Vertical and Horizontal Competition
Gilad Sorek
AUWP2017-02April 26, 2017Investigating
Properties of Commodity Price Responses to Real and Nominal Shocks
Hyeongwoo Kim, Yunxiao Zhang
AUWP2017-03May 2, 2017Improving
Forecast Accuracy of Financial Vulnerability: PLS Factor Model Approach
Hyeongwoo Kim, Kyunghwan Ko
AUWP2017-04May 3, 2017The
Determinants of the Benchmark Interest Rates in China: A Discrete Choice
Model Approach
Hyeongwoo Kim, Wen Shi
AUWP2017-05May 3, 2017London
Calling: Nonlinear Mean Reversion across National Stock Markets
Hyeongwoo Kim, Jintae Kim
AUWP2017-06September 6, 2017Patents and
Growth in OLG Economy with Physical Capital
Bharat Diwakar, Gilad Sorek, Michael
Stern
AUWP2017-07December 7, 2017Consumer
Spendings on Entertainment and the Great Recession
Liping Gao, Hyeongwoo Kim
AUWP2017-08December 21, 2017Government
Spending Shocks and Private Activity: The Role of Sentiments
Hyeongwoo Kim, Bijie Jia
AUWP2018-01January 13, 2018London
Calling: Nonlinear Mean Reversion across National Stock Markets
Hyeongwoo Kim, Jintae Kim
AUWP2018-02March 29, 2018Fiscal Policy,
Wages, and Jobs in the U.S.
Hyeongwoo Kim
AUWP2018-03April 13, 2018Forecasting
Net Charge-Off Rates of Banks: A PLS Approach
James Barth, Sunghoon Joo, Hyeongwoo
Kim, Kang Bok Lee, Stevan Maglic, Xuan Shen 
AUWP2018-04August 16, 2018Understanding
Why Fiscal Stimulus Can Fail through the Lens of the Survey of Professional
Forecasters
Hyeongwoo Kim, Shuwei Zhang
AUWP2018-05September 14, 2018Exchange Rate
Pass-Through to Consumer Prices and the Role of Energy Prices
Hyeongwoo Kim, Ying Lin
AUWP2018-06October 27, 2018Forecasting
Financial Stress Indices in Korea: A Factor Model Approach
Hyeongwoo Kim, Wen Shi, Hyun Hak
Kim 
AUWP2018-07October 27, 2018Forecasting
Financial Vulnerability in the US: A Factor Model Approach
Hyeongwoo Kim, Wen Shi
AUWP2018-08December 19, 2018Assessing the
Role of Sentiment in the Propagation of Fiscal Stimulus
Hyeongwoo Kim, Bijie Jia
AUWP2019-01March 7, 2019Exchange Rate
Pass-Through to Consumer Prices: The Increasing Role of Energy Prices
Hyeongwoo Kim, Ying Lin, Henry
Thompson
AUWP2019-02March 15, 2019Forecasting
Financial Stress Indices in Korea: A Factor Model Approach
Hyeongwoo Kim, Wen Shi, Hyan Hak Kim
AUWP2019-03April 12, 2019Improving
Forecast Accuracy of Financial Vulnerability: PLS Factor Model Approach
Hyeongwoo Kim, Kyunghwan Ko
AUWP2019-04October 29, 2019Forecasting
Dollar Real Exchange Rates and the Role of Real Activity Factors
Sarthak Behera, Hyeongwoo Kim
AUWP2019-05December 27, 2019Background
Risk and Insurance Take-up under Limited Liability
Gilad Sorek, T. Randolph Beard
AUWP2019-06December 27, 2019Understanding
Why Fiscal Stimulus Can Fail through the Lens of the Survey of Professional
Forecasters
Hyeongwoo Kim, Shuwei Zhang
AUWP2020-01January 9, 2020Firm
Heterogeneity, Misallocation, and Trade
Jong Hyun Chung
AUWP2020-02May 1, 2020Forecasting
the US Dollar-Korean Won Exchange Rate: A Factor-Augmented Model Approach
Sarthak Behera, Hyeongwoo Kim,
Soohyon Kim
AUWP2020-03July 2, 2020Exchange Rate
Pass-Through to Consumer Prices: The Increasing Role of Energy Prices
Hyeongwoo Kim, Ying Lin, Henry
Thompson
AUWP2020-04July 28, 2020Forecasting
Financial Vulnerability in the US: A Factor Model Approach
Hyeongwoo Kim, Wen Shi
AUWP2020-05August 27, 2020Assessing the
Role of Sentiment in the Propagation of Fiscal Stimulus
Hyeongwoo Kim, Bijie Jia
AUWP2020-06October 20, 2020Relative
Prices and Empirical Trade Patterns
Nazif Durmaz, Henry Thompson
AUWP2020-07October 29, 2020Entry
Decision, the Option to Delay Entry, and Business Cycles
Ia Vardishvili
AUWP2020-08November 20, 2020U.S.
Presidential Election Polls and the Economic Prospects of China and Mexico
Hyeongwoo Kim, Madeline H. Kim
AUWP2021-01April 19, 2021Assessing the
Role of Sentiment in the Propagation of Fiscal Stimulus
Bijie Jia, Hyeongwoo Kim, Shuwei
Zhang
AUWP2021-02May 27, 2021U.S.
Presidential Election Polls and the Economic Prospects of China and Mexico
Hyeongwoo Kim, Madeline Kim,
AUWP2021-03July 20, 2021Superior
Predictability of American Factors of the Won/Dollar Real Exchange Rate
Sarthak Behera, Hyeongwoo Kim,
Soohyon Kim
AUWP2021-04August 20, 2021Understanding
Why Fiscal Stimulus Can Fail through the Lens of the Survey of Professional
Forecasters
Hyeongwoo Kim, Shuwei Zhang