The Korea-America Economic Association

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President’s Message

President’s Message on the 2018 ASSA/KAEA Meetings in Philadelphia

Dear KAEA Members,

On behalf of the KAEA Executive Committee members, I would like to thank all of you for your contributions and care for our Association.  Our Association has grown remarkably during the past 33 years owing to your contributions and the excellent leadership and vision of our previous leaders, for whom we remain grateful.

Soon, we will have our annual meeting at the 2018 ASSA Meetings in Philadelphia. We would like to welcome you to the meeting.  As done in previous years, we have prepared many excellent programs.  We hope that you will enjoy the Meetings and we, EC members, would like to encourage participating actively in our own programs.  Indeed, we can be proud of our excellent programs and want to thank all our members who spent valuable time to prepare the programs.

Here are some highlights that deserve you attention.

First, many people at the ASAA meetings would be surprised to see that all of our three KAEA-AEA sessions are filled with top researchers, as done in previous years.

The Micro session organized by Dr. BC. Kim includes Dr. Susan Athey from Stanford University, who is the first female winner of the John Bates Clark Medal, Dr. Yeon-Koo Che from Columbia University, who is our former Presider of the KAEA, Dr.  Steven Tadelis from UC Berkeley, and Doh-Shin Jeon from Toulouse School.

The Macro session consists of top macro economists, Dr. Mark Huggett at Georgetown University, Dr. José-Víctor Ríos-Rull from University of Pennsylvania, Dr. Rasmus Lentz from University of Wisconsin, and Dr. Hwagyun Hagen Kim from Texas A&M.  Dr. Yoosoon Chang kindly organized this session, and asked our young female economists to discuss the papers at this prestige session, as part of our effort to promote the Korea Women Economists Network (KWEN).

The Econometrics session is also excellent.  Dr. Bruce Hansen at University of Wisconsin, Dr. Myung Hwan Seo, Seoul National University, Dr. Jushan Bai from Columbia University, Dr. Ruey Tasy at University of Chicago, and Dr. Seung C. Ahn, at Arizona State University, will present their working papers.

All of these sessions will take place on January 6th (Saturday) at the Marriott Philadelphia Downtown (headquarter hotel).  Please plan to attend these sessions.  The AEA counts the number of attendants. Your attendance will help greatly our efforts to increase the number of KAEA sessions in the future.

Second, for the first time, we have worked closely with the National Research Council for Economics, Humanities and Social Sciences (NRC; 경제인문사회연구회), who oversees the operations of 26 major economic research institutions in Korea, including KDI, KIET and others.  In particular, the NRC has agreed to organize two important events with us and support financially our events as well.

[1] Open Job Fair (국책연구기관 공동 채용설명회)

KAEA and NRC will host an Open Job Fair for job candidates who might be looking for a position at research institutions in Korea.  A representative from each institution who is in charge of hiring will explain about their institution, merits, hiring procedures, and answer questions.  If you consider applying for a position in the research institutions in Korea, you will benefit greatly from attending this event; see the attached file for more details.

After this event, a dinner gathering is planned at Sang Kee Chinatown  (238 N 9th St, Philadelphia, PA 19107) from 6:30 PM, along with some of representatives of the research institutes and our senior mentor members.

[2]  NRC-KAEA-KEA Panel Discussion (Policy Forum, 한국 경제 정책 현안 패널 토의)

The KAEA will hold a panel discussion session (policy forum) jointly with the NRC, and the Korea Economic Association (KEA), our longtime partner, will be a part of three organizing institutions.  It will be held on January 7th (Sunday) at Marriott Philadelphia Downtown (headquarter hotel) (Grand Ballroom Salon K) from 8:30 to 11:20 AM.  Breakfast will be provided for participants from 7:30 AM.  There are two subjects and our KAEA members will provide overviews of the literature and the issues before panel discussions.  Please plan to attend this policy session.

Session I: Income-led Growth & Growth through Innovation (Dr. Sang-Hyop Lee, University of Hawaii)

Session II: The Korea-US Free Trade Agreement (Dr. Seung Hun Lee, Georgia Tech, Dr. Hyeongwoo Kim, Auburn University)

Third, our Association wishes to pay for part of the travel expenses of the candidates who are expected to graduate soon and are on the job market this year.  Job candidates may fill out the form at the Job Fair (explained in the above); we can mail a check after the convention.  The amount has not been determined, but it is our sincere desire to help in various forms, if possible, our young members who seek jobs.  For more details, please contact Dr. In Hyuck “Steve” Ha, our Vice President.

Fourth, the KAEA continues to work hard to provide an opportunity for our members to present their working papers at the AEA meetings.   As such, in addition to three KAEA-AEA sessions, we have expanded our workshops this time and prepared for three sessions.  The first workshop will be held on Friday, January 5, from 4 PM to 6 PM at the Marriott Philadelphia Downtown, Meeting Room 501.  Mostly the discussants of the Macro session, who are the young members of the KWEN, will be the presenters of this workshop.  Dr. Koo-il Kim organized the second and third workshops, which will be given on Sunday, January 7, from 12:30 PM to 3 PM at the same place.

Fifth, and perhaps, most important, our annual Maekyung (MK) Forum and Annual Business Meeting will take place at 5 pm on January 6th (Saturday) in the Marriott Philadelphia Downtown.  The speaker is Dr. John List from the University of Chicago.  As you may know, he is considered one of the promising candidates for a future Nobel Prize.

Sixth, KAEA Business Meeting will be in the same room right after the MK Forum from 6 PM to 7:00 PM.  In particular, we will have the opportunity to honor our senior leaders who had a vision and created our Association about 33 years ago.  Awardees for the MK Economist Award and KAEA Young Economists Award will be also announced.

Seventh, our annual dinner banquet will follow at the Ocean Harbor Restaurant from 7:30 PM.  All KAEA members including KAEA institutional members are welcome to attend this annual gathering and exquisite dinner banquet.

We look forward to seeing you ALL in Philadelphia in January 2018.


Junsoo Lee
President, KAEA 2017

Click here for the summary of the KAEA program
Click here for the KAEA-AEA Sessions and Workshop Schedule.
Click here for the Job Fair.

Job Openings (Chungnam National University)

충남대학교 무역학과 국제경제분야 교수초빙
-국제경제 관련 분야(국제무역, 국제금융 등 어느 분야든 좋음)
-박사학위 소지자
-저널(한국 저널도 가능함)에 출간된 1편 이상 논문 보유자(제1저자 혹은 교신저자만 인정)
-영어강의 가능자
-접수:인터넷 및 서류접수, 12월5일 마감
-자세한 내용은 여기충남대학교 홈페이지에 공지되어 있음.
-궁금한 사항은 학과장 오근엽교수(로 연락바람.
(대전은 서울에서 KTX로 1시간 이내 거리임. 행정수도 이전으로 발전하고 있는 지역임)

Call for Paper (Chu Hai Conference)

Chu Hai Conference on Recent Advances in International Trade and Finance 2017

Co-organized by International Economics and Finance Society, Hong Kong, and Asia Development Bank Institute, Tokyo, Japan

We are pleased to announce the second Conference on International Business and Trade to be held during December 13 to 15 in Hong Kong. Chu Hai College of Higher Education will host the conference in celebration of the 70th year anniversary of the founding of “Chu Hai University” in Guangzhou in 1947. We welcome submissions in the broadly defined areas of international trade, finance and business. Click Here for details.

Call for Papers (WEAI-KAEA)

The 93nd Annual Conference of the Western Economic Association International (WEAI) will  be held on June 26 – 30, 2018 at Sheraton Wall Centre, Vancouver, British Columbia, Canada.  The Korea-America Economic Association (KAEA) plans to organize two sessions at the WEAI conference.  We sincerely invite the members of the KAEA or the KEA to join in this wonderful event.

Theoretical and empirical papers on all aspects of economics are welcome.  Please submit a manuscript or an extended abstract to Professor J.B. Kim ( by e-mail including

(i) the JEL code(s),
(ii) 3-5 key words, and
(iii) your membership status with the KAEA or the KEA

Submission deadline is January 15 (Monday), 2018.  If accepted, your final version manuscript is due June 1 (Friday), 2018.

There is no submission fee for members of the KAEA or the KEA.  In addition, the session participants can register at the WEAI member’s rate regardless of their membership status with the WEAI.  However, all participants will be required to register for the conference and responsible for their own expenses.

Submitted papers will be blind-reviewed by the referees.  All presenters are strongly urged to serve as discussants (or session chairs, if requested) for the WEAI-KAEA sessions.

Further information about the conference can be found at the WEAI website at

Maekyung-KAEA Economist Award 2018

The Korea-America Economic Association (KAEA) is pleased to announce that Dr. Yongcheol Shin (University of York, UK) will receive the 2018 Maekyung-KAEA Economist Award for his outstanding professional achievement. The award ceremony will be held during the Annual Meeting of the KAEA at Marriott Philadelphia Downtown in Philadelphia, at 6:00 pm, on January 6, 2018. Congratulations!

Dr. Yongcheol Shin is currently Professor of Economics at the University of York, and previously held positions at the University of Leeds and the University of Cambridge. He received his Ph.D. from Michigan State University in 1992. He has made significant research contributions in the field of econometrics. His research covers both theoretical and applied econometrics. According to the Web of Science, his two papers on testing for unit root, published in 1992 and 2003, have received more than 6,000 citations up to date. He is by far one of the most cited econometricians in the world.

The KAEA appreciates the Award Nomination Committee (Drs. Chang-Jin Kim (Chair), Doh-Shin Jeon, and Sokbae Lee) for their valuable service for award nomination this year.

Young Scholar Awards 2018

The Korea-America Economic Association (KAEA) is pleased to announce that Dr. Gee Hee Hong (IMF) and Karam Kang (Carnegie Mellon University) will receive the 2018 KAEA Young Scholar Awards for their outstanding professional achievement. The award ceremony will be held during the Annual Meeting of the KAEA at Marriott Philadelphia Downtown in Philadelphia, at 6:00 pm, on January 6, 2018. Congratulations!

Dr. Gee Hee Hong is an economist at the research department of the International Monetary Fund.  She received her Ph.D. in Economics from the University of California at Berkeley in 2012.  Her work focuses on inflation dynamics, transmission of monetary policy and various trade issues including exchange rate pass-through and global value chain.  She has several publications in journals like American Economic Review, Review of Economics and Statistics, International Economic Journal, etc.

Dr. Karam Kang is an assistant professor of economics at Tepper School of Business of the Carnegie Mellon University. She received her Ph.D. in Economics from University of Pennsylvania in 2012. Her field of research is political economy, industrial organization and environmental economics. She mainly works on structural estimation of game theoretical models (or principal-agent models) applied to lobbying, regulation, and procurement. She has published a single-authored paper in Review of Economic Studies, and has several working papers including one under revision for the Journal of Public Economics.

The KAEA appreciates the Award Nomination Committee (Drs. Chang-Jin Kim (Chair), Doh-Shin Jeon, and Sokbae Lee) for their valuable service for award nomination this year.

Job Openings (KIPF)


Title: Assistant or Associate Research Fellow
Section: International: Full-time Non-academic
Location: Sejong, KOREA
Keywords: Public Economics, Nonprofit Organizations and Public Enterprise, Political Economics, Applied Microeconomics (Education, Labor, Health, Environment, etc.), International Economics, Industrial Organization, Microeconomics, Macroeconomics

The Korea Institute of Public Finance (KIPF) invites applications for full-time research positions in any field of Economics. As a government-supported research institute, KIPF is conducting policy-oriented research on all aspects of economy, especially on public finance and public sector management. Applicants should be a Ph.D. candidate or experienced Ph.D. in Economics or related areas. Independent research abilities and fluent communication skills in Korean are essential. Our representatives will be interviewing selected applicants at the 2018 ASSA meeting.

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