Jaejoon Woo (우 재준)

Economics Department
DePaul University
1 East Jackson Boulevard
Chicago, IL 60604

E-mail: jwoo1@depaul.edu
Tel: (312) 362-5585 and Fax: (312) 362-5452

EMPLOYMENT

DePaul University, Chicago, U.S.A.—Assistant Professor, 1999-Present

Helsinki School of Economics, Mikkeli, Finland—Visiting Professor, September 2004, November 2005

OECD, Paris, France—Economist, 2000-2002

Institute D’Etudes Politiques De Paris, Paris, France—Lecturer, 2001-2002

Harvard University, Cambridge, U.S.A.—Teaching Fellow, 1995-1999                                         

EDUCATION

Harvard University, Cambridge, MA 02138, U.S.A.                                                            

Ph.D. in economics received June 1999
Dissertation title: "The Political Economy of Public Deficits"
Committee: Alberto Alesina, Dani Rodrik, and Aaron Tornell

Yonsei University, Seoul, Korea

MA in economics, August 1992
BA in economics, February 1990.                                

RESEARCH GRANTS, FELLOWSHIPS, AND AWRDS

Bank of Korea, Research Grant for Growth Project, 2004

University Research Council Competitive Research Grant, DePaul University, 2004

College of Commerce Research Grants, DePaul University, 2003-2005

Graduate School of Arts and Science Teaching Fellowship, Harvard University, 1995–99
Korea Foundation for Advanced Studies Full Fellowship, 1993–98
Simon Kuznets Travel Grant, Harvard University, summer 1997

Yonsei Scholarship for Academic Achievement, Yonsei University, 1986–92
Korea Electric Power Corporation Scholarship for Academic Excellence, 1989–90
Bronze Medal, Math Competition sponsored by the Education Committee, Kyounggi Province, Korea 1986

RESEARCH FIELDS OF INTEREST

Fiscal Policy, Fiscal Deficits and Volatilities, Political Economy of Macroeconomic Policy, Productivity and Growth, Firm Dynamics.

PUBLISHED PAPERS

"Social Polarization, Fiscal Instability and Growth." European Economic Review, Vol. 49 (6): 1451-1477, August 2005.

“The Political Economy of Social Polarization and Macroeconomics,” The Korean Journal of Economics, Vol. 12, No. 1, pp. 151-192, Spring 2005.

 

“Growth, Government Policies and Institutions in the Globalized World Economy.” The Bank of Korea Institute Research Paper, No. 198, October 2004. Also, published as Chapter 1 in Jeong-ho Hahm (ed.) Sustaining Korean Economic Growth–

A Way Forward: Augmenting Growth Potential and Upgrading the Financial System, The Bank of Korea: Seoul, December 2004.

“Social Polarization, Industrialization, and Fiscal Instability: Theory and Evidence.” Journal of Development Economics, Vol. 72, 223-252, October 2003.

“Economic, Political, and Institutional Determinants of Public Deficits.” Journal of Public Economics, Vol. 87 (3), 387-426, March 2003. Lead Article.

"The U.S. Health Care System: Reform and Policy Challenges." (with Elizabeth Docteur and Hannes Suppanz), The OECD Economics Department Working Paper, No. 350, March 2003. Also, published as the Chapter III in The OECD Economic Surveys of the United States, Paris: OECD, November 2002. Covered in an article titled “Unhealthy Economy” in The Financial Times on October 18, 2002.

"New Economy and the Effects of Industrial Structures on International Equity Market." (with Cyn-young Park), The Asian Development Bank Economics and Research Department Working Paper, No. 31, December 2002.

"The Role of Policy and Institutions on Productivity and Firm Dynamics." (with Stefano Scarpetta, Phil Hemmings, Thierry Tressel) The OECD Economics Department Working Paper, No. 329, 2002. Covered in the Economics Focus section of a London-based weekly magazine, The Economist, May 23, 2002.

PUBLISHED BOOK

The Political Economy of Fiscal Policy. Springer-Verlag, Berlin; New York, February 2006 (forthcoming).

Springer Series in Lecture Notes in Economics and Mathematical Systems, Vol. 570.

The OECD Economic Surveys of the United States, (with Hannes Suppanz, Michael Kiley, Peter Jarret and Elizabeth Docteur), Vol. 2002/18, Paris: OECD, November 2002.

RESEARCH PAPERS AND WORK IN PROGRESS

“The Behavior of Fiscal Policy: Cyclicality and Discretionary Fiscal Decisions.” Working Paper, November 2004. Prepared for a workshop on fiscal policy organized by Steinar Holden, Editor of Scandinavian Journal of Economics, to be held at University of Oslo, Norway, January 28-29, 2005.

 

“TFP Growth and International Economic Integration.” Working Paper, September 2004.

 “Social Polarization and Inflation.” Working paper, November 2004. To appear as a chapter of my book (in progress), The Political Economy of Fiscal Policy, to be published by Springer-Verlag.

“Growth, Income Distribution, and Fiscal Volatility,” Work in Progress

“Institutions, Firm Size and Firm Growth,” (with Jose Tavares), Work in Progress.

“Trade Openness, Human Capital and Income Inequality: An Empirical Analysis.” (with Jeong-Joon Lee), Work in Progress.

 “Population Health in a Panel of OECD Countries,” Working Paper, OECD, August 2002. (Shortened version appeared in the OECD Economic Survey of the United States, November 2002.)

“Price Adjustment, Real Exchange Rate, and Output Fluctuation.” Working paper, Harvard University, 1999.

SHORT ARTICLES

"Savings and Investment." Economics, Volume 5 (Danbury, CT: Grolier Publishing, April 2000)

"National Income and Product Accounts." Economics, Volume 5 (Danbury, CT: Grolier Publishing, April 2000)

"Market Failure: Anti-Competitive Practices." Economics, Volume 5 (Danbury, CT: Grolier Publishing, April 2000)

"Distribution of Income." Economics, Volume 5 (Danbury, CT: Grolier Publishing, April 2000)

MEDIA MENTION

The Chosun Ilbo (Korean daily newspaper), August 13, 2004.

The Economist, Economic focus Section, May 23, 2002.

The Financial Times, October 18, 2002.

CONFERENCE and SEMINAR PRESENTATIONS

The Illinois Economic Association Annual Meeting, Chicago, October 21-22, 2005

 

The Workshop on Fiscal Policy Issues at University of Oslo, Norway, January 2005

 

The Southern Economic Association, New Orleans, November 20-23, 2004

 

Western Michigan University, October 29, 2004

 

University of Wisconsin-Milwaukee, October 15, 2004

 

The Korea Development Institute, Seoul, August 16, 2004

 

The International Conference of Korea Economic Association and Korea-America Economic Association at Yonsei University, Seoul, August 12-13, 2004

 

The Joint Conference of Bank of Korea and Korea-America Economic Association at Bank of Korea in Seoul, August 11, 2004

 

The European Meeting of the Econometric Society, Stockholm, Sweden, Aug. 20-24, 2003

Loyola University of Chicago, Chicago, January, 2003

North American Econometric Society Summer Meetings, UCLA, Jun 20-23, 2002

DELTA-ENS in Paris, France, October 2001

European Economic Association Annual Meeting in Lausanne, Switzerland, Aug. 29- Sept.1, 2001

OECD Development Center in Paris, France, April 2001

ZEI at University of Bonn in Bonn, Germany, March 2001

Northern Illinois University, March 2000

University of Illinois at Chicago, January 2000

DePaul University, March 1999, February 2000, November 2000, November 2003, October 2004

Harvard University, international economics seminar, October 1998

State University of New York at Buffalo, January 1998

University of Hawaii at Manoa, February 1998

University of Calgary, February 1998

The Far Eastern Meeting of the Econometric Society, Hong Kong, July 24–26, 1997

WORK EXPERIENCE

DePaul University, Chicago, IL—Assistant Professor, 1999-present

Advanced Macroeconomics(MA course), Business Condition Analysis (MBA course), Development Economics(MBA/MA course), Principles of Economics, and Money and Financial Systems (MBA course).

Helsinki School of Economics, Mikkeli, Finland—Visiting Professor, September 2004, November 2005

Taught an undergraduate intensive course in international economics.

OECD (Organization for Economic Cooperation and Development), Paris, France—Economist, 2000-2002

The Structural Policy Analysis Division I

·         Participated in a year-long research project on productivity growth and firm dynamics, using micro and industry data for ten OECD countries for the Working Party 1 Committee. Studied how the firm dynamics (entry and exit of firms) and firms’ productivity growth are influenced by the labour- and product market regulations. Published the main empirical findings as an OECD Economics Department Working Paper.

·         Drafted reports and articles.

The Country Studies Division I, USA/Iceland desk

  • Co-authored a special chapter on health issues in the United States to be included in the OECD Economic Survey of the United States. Studied the US health care system and made policy recommendations to be discussed at the Economic Development Review Committee (EDRC). Co-authored the 2002 OECD Economic Survey of the United States with with Hannes Suppanz, Michael Kiley, Peter Jarret and Elizabeth.

Institute D’Etudes Politiques De Paris (also known as Sciences Po) Paris, France—Lecturer, 2001-2002

Taught a graduate course in Fondements de la Politique Economique et Mondialisation (MA level)

Harvard University—Graduate Teaching Fellow, 1996–1997

Macroeconomics (John F. Kennedy School of Government)
International Finance (Ph.D. Course)

Harvard University—Undergraduate Teaching Fellow, 1995–1999

Principles of Economics
Macroeconomics
Research In International Trade and Finance

Harvard University—Research Assistant, 1995–1996

Researched the U.S. steel industry and trade protection with Prof. Aaron Tornell.

Hong Ik University, Seoul, Korea—Research Assistant     , Fall 1992

Researched price regulation and its impact in Korea with Prof. Jongseok Kim.

Yonsei University, Seoul, Korea—Research Assistant, Fall 1992

Researched financial liberalization and its impact on the economy with Prof. Chinkeun Park. Grant sponsored by the Bank of Korea.

OTHER ACADEMIC ACTIVITIES

REFEREE

The Journal of Public Economics (April 2000; December 2000; April, 2001; September 2001; April 2002; February 2003)

The Scandinavian Journal of Economics (March 2002; August 2003)

Economic Inquiry (September 2004)

International Economic Journal (August and September 2004)

KDI Journal of Public Policy (April 2005)

 

Southern Economic Journal (August 2005, November 2005)

DISCUSSANT

Illinois Economic Association Annual Meeting, University of Illinois – Chicago, October 17, 2003, October 15, 2004 (written comments).

Global Finance Conference, DePaul University, Chicago, Illinois, April 21, 2000.

INVITED LECTURE

Delivered invited lectures at the KPMG (Accounting Firm) in New York, on various topics related to Globalization and Korean Economy on (1) June 20, 2005; (2) June 21, 2004; and (3) October 2, 2003.

TEXTBOOK REVIEW

Macroeconomics, McGraw-Hill, October 2005.

 

The Economics of Money, Banking and Financial Markets, Addison-Wesley, July 2005.

 

Money, Banking and Financial Markets (book proposal), Harcourt, 2000

ADDITIONAL INFORMATION

Languages: fluent in Korean (native) and English (with native competency); beginner in French; understanding of basic Japanese

Experienced in statistical analysis (STATA, TSP, Eviews, Matlab, Maple)

Solid mathematical background


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