Generous financial support from the following. organizations is gratefully acknowledged. MAEIL BUSINESS NEWSPAPER AND MK INC.
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2 Sponsors Generous financial support from the following organizations is gratefully acknowledged. MAEIL BUSINESS NEWSPAPER AND MK INC. KOREAN ECONOMIC ASSOCIATION BANK OF KOREA KOREA ECONOMIC RESEARCH INSTITUTE (KERI) KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP) KOREA DEVELOPMENT INSTITUTE (KDI) KOREA INSTITUTE FOR INDUSTRIAL ECONOMICS & TRADE (KIET) KOREA INSTITUTE OF FINANCE (KIF) KOREA INSTITUTE OF PUBLIC FINANCE (KIPF) KOREA INFORMATION SOCIETY DEVELOPMENT INSTITUTE (KISDI) SK RESEARCH INSTITUTE (SKRI) LG ELECTRONICS
3 Tables of Contents Academic Sessions Session I Session II Session III The KAEA-Maekyung Forum Business and Social Events KAEA Annual Business Mee:ng and Award Ceremony KAEA Dinner Banquet (Open to KAEA Members & Invited Guests) Apprecia:on Dinner (By Invita:on Only) KAEA Forum and Workshop KAEA Panel Discussion KAEA Workshops Workshop A Workshop B Of<icers and Appreciation
4 Academic Sessions Session I : Empirical Macro and Time Series (E0,C1) Date: January 7 (Saturday) 8:00 am-10:00 am Place: Hyatt Regency, New Orleans Presiding: Jinill Kim (Korea University) Why You Should Never Use the Hodrick-Prescott Filter James D. Hamilton (University of California-San Diego)* Identifying the Sources of Model Misspecification Atsushi Inoue (Vanderbilt University) Chun-Hung Kuw ( International University of Japan) Barbara Rossi ( ICREA-Pompeu Fabra University, Barcelona GSE and CREI)* N-State Endogenous Markov-Switching Models Shih-Tang Hwu (University of Washington) Chang-Jin Kim (University of Washington) Jeremy Piger ( University of Oregon)* Monetary Policy Uncertainty and Economic Fluctuations Drew D. Creal (University of Chicago) Jing Cynthia Wu (University of Chicago)* Assessing the Macroeconomic Impact of Bank Intermediation Shocks: A Structural Approach Kanji Chen (Emory University) Tao Zha (Federal Reserve Bank of Atlanta)*
5 Academic Sessions Session II : Empirical Studies on Contracts and Auctions (C5,D4) Date: January 7 (Saturday) 10:15 am 12:15 pm Place: Hyatt Regency, New Orleans Presiding: Karam Kang (Carnegie Mellon University) Multiproduct Nonlinear Pricing: Mobile Voice Service and SMS Yao Luo (University of Toronto) Isabelle Perrigne (Rice University)* Quang Vuong (New York University) Specific Investment and Contract Design: Evidence from Public Transportation Guillermo Diaz ( Pontifical Catholic University of Peru) Kei Kawai (University of California-Berkeley)* Andre Trindade ( Getulio Vargas Foundation) Sequential Auctions with Synergy and Affiliation Yunmi Kong (Rice University)* Past Performance and Procurement Outcomes Francesco Decarolis (Boston University and Einaudi Institute for Economics and Finance)* Riccardo Pacini (Agenzia Demanio) Giancarlo Spagnolo (Stockholm School of Economics) Winning by Default: Why is there So Little Competition in the Government Procurement? Karam Kang (Carnegie Mellon University)* Robert A. Miller (Carnegie Mellon University)
6 Academic Sessions Session III : Advances in Information Economics: 10 Years Since Nobel on Mechanism Design (D8, C7) Date: January 7 (Saturday) 12:30 pm 2:15 pm Place: Hyatt Regency, Toronto Presiding: In-Uck Park (University of Bristol and Sungkyunkwan University) Ex-ante versus Interim Efficiency in Bargaining Roger Myerson (University of Chicago)* Robustness in Dynamic Screening Daniel Garrett (Toulouse School of Economics) Alessandro Pavan (Northwestern University)* Juuso Toikka (Massachusetts Institute of Technology) A Theory of Efficient Negotiations Matthew O. Jackson (Stanford University)* Hugo Sonnenschein (University of Chicago) Yiqing Xing (Stanford University) Third-Party Sale of Information Robert Evans ( University of Cambridge)* In-Uck Park ( University of Bristol and SKKU) Discussants: In-Koo Cho (University of Illinois-Urbana-Champaign) SangMok Lee (University of Pennsylvania) Kyungmin Teddy Kim (University of Miami) Anne-Katrin Roesler (University of Michigan)
7 The KAEA-Maekyung Forum Changyong Rhee (IMF) Key Economic Challenges In Korea and Asia January 7 (Saturday) 5:00 PM to 6:00 PM Hyatt Regency Chicago, Regency A Open to Public
8 Annual Meeting and Award Ceremony Date: January 7 (Saturday) 6:00 pm - 6:30 pm Place: Hyatt Regency, Regency A Report of 2016 EC Introduction of the Incoming President and EC/AB Members Maekyung-KAEA Economist Award Sokbae Simon Lee (Columbia University) KAEA Young Economist Award* Wooyoung Lim (HKUST) Suyong Song (University of Iowa) *Generously supported by the LG Electronics and Maekyung KAEA Dinner Banquet - Members and Invited Guests Only Date: January 7 (Saturday) 7:00 pm - 9:00 pm Place: Shaw s Crab House Chicago (21 E Hubbard St., ) KAEA Appreciation Dinner - By Invitation Only Date: January 6 (Friday) 6:30 pm - 9:00 pm Place: 312 Chicago (136 N LaSalle St., )
9 KAEA-KEA Panel on Korean Economy The Korean Economy 2017 and Beyond -- Challenges and Policy Response Date: January 8 (Sunday) 8:00 to 9:30 am Place: Hyatt Regency Chicago, Stetson Suite F 2017 한국경제 : 과제와대책 Moderator: Jang-Hee Yoo (Executive Advisor, Maeil Media Group) Welcome Speech: In-Uck Park (President, KAEA) Panelists: 손현덕실장 ( 매일경제신문사 ) - 한국경제현상황진단 권태신원장 (KERI, 한국경제연구원 ) 년경제전망과위기가능성점검 김준경원장 (KDI, 한국개발연구원 ) - 한국경제의구조적문제와지속가능한성장방안 현정택원장 (KIEP, 대외경제연구원 ) - Korea-US Economic Relations in the Trump Era *Breakfast buffet will be served from 7:30 am for those who are invited to the panel discussion.
10 KAEA Workshop Workshop A: Financial Economics and the Korean Economy Date: January 8 (Sunday) 9:45 am - 11:10 am Place: Hyatt Regency Chicago, Stetson Suite F Chair: Soyoung Kim (Seoul National University) International Capital Movement and Monetary Policy Independence in Korea Yoonbai Kim (University of Kentucky)* A Large Creditor in Contagious Liquidity Crises Frederick Dongchuhl Oh (KAIST)* Junghum Park (KAIST) Tug of War in Residential Location Decision in Korea Sung Hyo Hong (Kongju National University) Bun Song Lee (University of Arkansas-Fort Smith)* Crowding Out Effects of an Old-Age Pension Program on Intergenerational Transfers: Evidence from South Korea Kanghyock Koh (UNIST)* Hyunjoo Yang (KDI)
11 KAEA Workshops Workshop B: Econometrics and Labor Economics Date: January 8 (Sunday) 11:15 am - 12:40 pm Place: Hyatt Regency Chicago, Stetson Suite F Chair: Jae-Young Kim (Seoul National University) Mean Reversion and Stationarity in Financial Time Series Generated from Diffusion Models Jihyun Kim (TSE)* Joon Y. Park (Indiana University and SKKU) Forecasting Financial Market Vulnerability by a Partial Least Squares Regression Approach Hyeongwoo Kim (Auburn University)* Kang Bok Lee (Auburn University) Heterogeneity and Unemployment Dynamics Hie Joo Ahn (Federal Reserve Board)* James D. Hamilton (UCSD) Unemployment after Trade Liberalization Dong Woo Yoo (West Virginia University)*
12 Officers 2016 Executive Committee Members: President: In-Uck Park (University of Bristol and SKKU) President Elect: Junsoo Lee (University of Alabama) Vice President: Yoosoon Chang (Indiana University) Executive Secretary: Chi-Young Choi (U of Texas at Arlington) Treasurer: Kyoo il Kim (Michigan State University) 2016 Advisory Board Members: Yong H. Kim (Chair, U of Cincinnati) Bang Nam Jeon (Drexel University) Jay Pil Choi (Michigan State University) Yeon-Koo Che (Columbia University, ex officio) Junsoo Lee (University of Alabama, ex officio) 2017 Executive Committee Members: President: Junsoo Lee (U of Alabama) President Elect: Chang-Jin Kim (U of Washington) Vice President: Inhyuck Steve Ha (Western Carolina) Executive Secretary: Hyeongwoo Kim (Auburn) Treasurer: Kyoo Il Kim (Michigan State) 2017 Advisory Board Members: Bang Nam Jeon (Drexel) Jay Pil Choi (Michigan State) Yoonbai Kim (U of Kentucky) Junsoo Lee (ex officio) In-Uck Park (ex officio) Investment Guardians: Yoonbai Kim (U of Kentucky) Kwang Soo Cheong (Johns Hopkins) KAEA-Korea: President: Soyoung Kim (Seoul National University) Webmaster: Inhyuck Steve Ha (Western Carolina)
13 Appreciation KAEA appreciates the following KAEA members who helped in 2016 as: Nomination Committee: Joon Y. Park (Chair, Indiana) Yongsung Chang (Rochester) Donggyu Sul (U of Texas at Dallas) KAEA Research Award Nomination Committee: Chang-Jin Kim (Chair, U of Washington) Doh-Shin Jeon (Toulouse School of Economics) Yongseok Shin (Washington U at St. Louis) KAEA Election Teller: Kyoung Mook Lim (Washington College) Session Organizers: Chang-Jin Kim (U of Washington) Karam Kang (Carnegie Mellon) In-Uck Park (U of Bristol and SKKU) for ASSA/KAEA Hyeongwoo Kim (Auburn) for WEAI Inhyuck Steve Ha (Western Carolina) for EEA and SEA
14 THE KOREA-AMERICA ECONOMIC ASSOCIATION
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