IMF RESEARCHER

Joong Shik Kang is a Senior Economist in the Asia and Pacific Department of the IMF. His research focuses on international economics, internal devaluation in the Euro area, and Japanese/Chinese economies. He has worked on various counties at the Fund, including Japan, China, Hong Kong SAR, and etc.

Email: JKANG@imf.org

Fluent In: Korean.

Education:

May 2007, Ph.D. in Economics, University of Wisconsin at Madison

May 2004, M.S. in Economics, University of Wisconsin at Madison

Feb. 2002, B.A. in Economics (summa cum laude), Seoul National University

Professional Activities:

Jan. 05 – May 07, Project Assistant, University of Wisconsin at Madison (Prof. Charles Engel)

May – Aug. 06, Dissertation Intern, Federal Reserve Board, International Finance Division

Mar. – Apr. 06, Visiting Scholar, International Monetary Fund, Research Department

Jun. – Aug. 05, Ph.D. Intern, International Monetary Fund, Research Department

Sep. 01 – Jun. 02, Researcher, Korea Fixed Income Research Institute

Awards and Honors:

Summer 2006, NSF Award to Attend the 2nd Lindau Meeting of Nobel Laureates in Economics

2002 - 2003, Wisconsin Alumni Research Foundation (WARF) Fellowship

1997 / 2001, Seoul National University (SNU) Merit-Based Scholarship

1997 / 2001, Korea Foundation for Advanced Studies (KFAS) College Student Scholarship

Field of Expertise:

Macro-Financial Issues

Open Economy Macroeconomics

International Finance

IMF Books and Working Papers:

Credit Booms—Is China Different? , Working Paper No. 18/2 , January 05, 2018

Chinese Imports : What’s Behind the Slowdown? , Working Paper No. 16/106 , May 26, 2016

Private Sector Activity in Hong Kong SAR and the Fed : Transmission Effects through the Currency Board , Working Paper No. 16/35 , February 23, 2016

Production Offshoring and Investment by Japanese Firms , Working Paper No. 15/183 , July 30, 2015

Balance Sheet Repair and Corporate Investment in Japan , Working Paper No. 14/141 , August 04, 2014

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics , Working Paper No. 14/131 , July 22, 2014

Adjustment in Euro Area Deficit Countries: Progress, Challenges, and Policies , Staff Discussion Notes No. 14/7 , July 14, 2014

The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics : Many Paths to the Same Endpoint , Working Paper No. 13/169 , July 17, 2013

Aid, Exports, and Growth : A Time-Series Perspective on the Dutch Disease Hypothesis , Working Paper No. 13/73 , March 20, 2013

RMB Internationalization : Onshore/Offshore Links , Working Paper No. 12/133 , May 01, 2012

On the Properties of Various Estimators for Fiscal Reaction Functions , Working Paper No. 06/182 , July 01, 2006

Other Published Materials

Japanese Exports: What’s the Holdup? (with N Li), World Economic Outlook, Box 3.3, October 2015.

Asia’s Export Performance: What is Holding It Back? (with G. Hong), Regional Economic Outlook: Asia and Pacific, Box 1.1, April 2015.

Spillovers from Portfolio Rebalancing in Japan, 2014 Spillover Report, Box 5 in Chapter 2. July 2014.

Adjustment in Euro Area Deficit Countries: Progress, Challenges, and Policies (with J. Shambaugh, S. Wang, T. Tressel), 2014, IMF Staff Discussion Note 14/7.

The Rise and Fall of Current Account Deficits in the Euro Area Periphery and the Baltics (with J. Shambaugh), IMF Research Bulletin, June 2014.

Successful Abenomics: Good for Japan, Good for Asia (with D. Botman, Z. Zakab), Regional Economic Outlook: Asia and Pacific, Box 1.5, April 2014.

External Rebalancing in the Euro Area (with J. Shambaugh, S. Wang, and T. Tressel), World Economic Outlook, Box 1.3, October 2013.

The Impact of Yen Depreciation on Exports Prices in Asian Economies, 2013 Spillover Report-Analytical Underpinnings and Other Background, Section 21, August 2013.

Revitalization of the Japanese Economy and the Asia Supply Chain, 2013 Spillover Report-Analytical Underpinnings and Other Background, Section 22, August 2013.

The Evolution of Current Account Deficits in the Euro Area (with J. Shambaugh), World Economic Outlook, Box 1.3, April 2013.

Financial Investment, Speculation, and Commodity Prices (with T. Helbling, S. Roache), World Economic Outlook, Box 1.4, October 2011.

Oil Scarcity, Growth, and Global Imbalances (with T. Helbling, M. Kumhof, D. Muir, A. Pescatori, S. Roache), World Economic Outlook, Chapter 3, April 2011.

Publications in Journals (Refereed)

The Rise and Fall of Peripheral European Current Account Deficits (with J. Shambaugh), Economic Policy, 2015, Volume 31, Issue 85, pp 153-199.

Aid, Export, and Growth: A Time-Series Perspective on the Dutch Disease Hypothesis (with A. Prati, and A. Rebucci), Review of Economics and Institutions, 2012, 3(2), Article 2.

Publications in Books and Conference Volumes

Stimulating Private Investment and Innovation in Can Abenomics Succeed? Overcoming the Legacy of the Lost Decades, D. Botman, S. Danninger, and J Schiff and eds., 2015 (International Monetary Fund)

Japan’s Role in the Global Economy and Spillover Effects of Abenomics (with D. Botman) in Can Abenomics Succeed? Overcoming the Legacy of the Lost Decades, D. Botman, S. Danninger, and J Schiff and eds., 2015 (International Monetary Fund)

France: Imbalances and Declining Competitiveness in Global Rebalancing: A Roadmap for Global Recovery, H. Faruqee and K. Srinivasan eds., 2013 (International Monetary Fund)

Economic Growth (with N. Thacker, S. Acevedo, R. Perrelli, and M. Tashu) in The Eastern Caribbean Economic and Currency Union, A. Schipke, A. Cebotari, and N. Thacker eds., 2013 (International Monetary Fund)

Other Published Materials

Imbalance and Growth: Update of Staff Sustainability Assessment for G-20 Mutual Assessment Process (with H. Faruqee, E. Stavrev, S. Beidas-Strom, F. Jaumotte, T. Matheson), September 2013. (prepared for G-20 Meetings of G-20 Finance Ministers and Central Bank Governors)

Global Prospects and Policy Challenges (with H. Faruqee, E. Stavrev, T. Matheson), April 2013. (prepared for Meetings of G-20 Finance Ministers and Central Bank Governors)

Macroeconomic Policy Challenges from Commodity Price Volatility (with B. Joshi), October 2012. (prepared for G-20 Energy and Commodity Markets Working Group)

Sustainability Report for France in IMF Staff Reports for the G-20 Mutual Assessment Process, November 2011. (Prepared for G-20 Leaders Summit)

“Consumption and Real Exchange Rates in an Economy with Private Information,” Jan. 2007, UW-Madison

“Consumption and Real Exchange Rates in an Economy with Limited Commitment,” Jun. 2006, UW-Madison

“Real Exchange Rates and Incomplete Capital Market,” Nov. 2004, UW-Madison

“Reconciliation of Two Different Approaches in International Risk Sharing Puzzle,” Jul. 2004, UW-Madison

Joong Shik Kang is a Senior Economist in the Asia and Pacific Department of the IMF. His research focuses on international economics, internal devaluation in the Euro area, and Japanese/Chinese economies. He has worked on various counties at the Fund, including Japan, China, Hong Kong SAR, and etc.

Email: JKANG@imf.org

Fluent In: Korean.

Education:

May 2007, Ph.D. in Economics, University of Wisconsin at Madison

May 2004, M.S. in Economics, University of Wisconsin at Madison

Feb. 2002, B.A. in Economics (summa cum laude), Seoul National University

Professional Activities:

Jan. 05 – May 07, Project Assistant, University of Wisconsin at Madison (Prof. Charles Engel)

May – Aug. 06, Dissertation Intern, Federal Reserve Board, International Finance Division

Mar. – Apr. 06, Visiting Scholar, International Monetary Fund, Research Department

Jun. – Aug. 05, Ph.D. Intern, International Monetary Fund, Research Department

Sep. 01 – Jun. 02, Researcher, Korea Fixed Income Research Institute

Awards and Honors:

Summer 2006, NSF Award to Attend the 2nd Lindau Meeting of Nobel Laureates in Economics

2002 - 2003, Wisconsin Alumni Research Foundation (WARF) Fellowship

1997 / 2001, Seoul National University (SNU) Merit-Based Scholarship

1997 / 2001, Korea Foundation for Advanced Studies (KFAS) College Student Scholarship

Field of Expertise:

Macro-Financial Issues

Open Economy Macroeconomics

International Finance

IMF Books and Working Papers:

Credit Booms—Is China Different? , Working Paper No. 18/2 , January 05, 2018

Chinese Imports : What’s Behind the Slowdown? , Working Paper No. 16/106 , May 26, 2016

Private Sector Activity in Hong Kong SAR and the Fed : Transmission Effects through the Currency Board , Working Paper No. 16/35 , February 23, 2016

Production Offshoring and Investment by Japanese Firms , Working Paper No. 15/183 , July 30, 2015

Balance Sheet Repair and Corporate Investment in Japan , Working Paper No. 14/141 , August 04, 2014

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics , Working Paper No. 14/131 , July 22, 2014

Adjustment in Euro Area Deficit Countries: Progress, Challenges, and Policies , Staff Discussion Notes No. 14/7 , July 14, 2014

The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics : Many Paths to the Same Endpoint , Working Paper No. 13/169 , July 17, 2013

Aid, Exports, and Growth : A Time-Series Perspective on the Dutch Disease Hypothesis , Working Paper No. 13/73 , March 20, 2013

RMB Internationalization : Onshore/Offshore Links , Working Paper No. 12/133 , May 01, 2012

On the Properties of Various Estimators for Fiscal Reaction Functions , Working Paper No. 06/182 , July 01, 2006

Other Published Materials

Japanese Exports: What’s the Holdup? (with N Li), World Economic Outlook, Box 3.3, October 2015.

Asia’s Export Performance: What is Holding It Back? (with G. Hong), Regional Economic Outlook: Asia and Pacific, Box 1.1, April 2015.

Spillovers from Portfolio Rebalancing in Japan, 2014 Spillover Report, Box 5 in Chapter 2. July 2014.

Adjustment in Euro Area Deficit Countries: Progress, Challenges, and Policies (with J. Shambaugh, S. Wang, T. Tressel), 2014, IMF Staff Discussion Note 14/7.

The Rise and Fall of Current Account Deficits in the Euro Area Periphery and the Baltics (with J. Shambaugh), IMF Research Bulletin, June 2014.

Successful Abenomics: Good for Japan, Good for Asia (with D. Botman, Z. Zakab), Regional Economic Outlook: Asia and Pacific, Box 1.5, April 2014.

External Rebalancing in the Euro Area (with J. Shambaugh, S. Wang, and T. Tressel), World Economic Outlook, Box 1.3, October 2013.

The Impact of Yen Depreciation on Exports Prices in Asian Economies, 2013 Spillover Report-Analytical Underpinnings and Other Background, Section 21, August 2013.

Revitalization of the Japanese Economy and the Asia Supply Chain, 2013 Spillover Report-Analytical Underpinnings and Other Background, Section 22, August 2013.

The Evolution of Current Account Deficits in the Euro Area (with J. Shambaugh), World Economic Outlook, Box 1.3, April 2013.

Financial Investment, Speculation, and Commodity Prices (with T. Helbling, S. Roache), World Economic Outlook, Box 1.4, October 2011.

Oil Scarcity, Growth, and Global Imbalances (with T. Helbling, M. Kumhof, D. Muir, A. Pescatori, S. Roache), World Economic Outlook, Chapter 3, April 2011.

Publications in Journals (Refereed)

The Rise and Fall of Peripheral European Current Account Deficits (with J. Shambaugh), Economic Policy, 2015, Volume 31, Issue 85, pp 153-199.

Aid, Export, and Growth: A Time-Series Perspective on the Dutch Disease Hypothesis (with A. Prati, and A. Rebucci), Review of Economics and Institutions, 2012, 3(2), Article 2.

Publications in Books and Conference Volumes

Stimulating Private Investment and Innovation in Can Abenomics Succeed? Overcoming the Legacy of the Lost Decades, D. Botman, S. Danninger, and J Schiff and eds., 2015 (International Monetary Fund)

Japan’s Role in the Global Economy and Spillover Effects of Abenomics (with D. Botman) in Can Abenomics Succeed? Overcoming the Legacy of the Lost Decades, D. Botman, S. Danninger, and J Schiff and eds., 2015 (International Monetary Fund)

France: Imbalances and Declining Competitiveness in Global Rebalancing: A Roadmap for Global Recovery, H. Faruqee and K. Srinivasan eds., 2013 (International Monetary Fund)

Economic Growth (with N. Thacker, S. Acevedo, R. Perrelli, and M. Tashu) in The Eastern Caribbean Economic and Currency Union, A. Schipke, A. Cebotari, and N. Thacker eds., 2013 (International Monetary Fund)

Other Published Materials

Imbalance and Growth: Update of Staff Sustainability Assessment for G-20 Mutual Assessment Process (with H. Faruqee, E. Stavrev, S. Beidas-Strom, F. Jaumotte, T. Matheson), September 2013. (prepared for G-20 Meetings of G-20 Finance Ministers and Central Bank Governors)

Global Prospects and Policy Challenges (with H. Faruqee, E. Stavrev, T. Matheson), April 2013. (prepared for Meetings of G-20 Finance Ministers and Central Bank Governors)

Macroeconomic Policy Challenges from Commodity Price Volatility (with B. Joshi), October 2012. (prepared for G-20 Energy and Commodity Markets Working Group)

Sustainability Report for France in IMF Staff Reports for the G-20 Mutual Assessment Process, November 2011. (Prepared for G-20 Leaders Summit)

“Consumption and Real Exchange Rates in an Economy with Private Information,” Jan. 2007, UW-Madison

“Consumption and Real Exchange Rates in an Economy with Limited Commitment,” Jun. 2006, UW-Madison

“Real Exchange Rates and Incomplete Capital Market,” Nov. 2004, UW-Madison

“Reconciliation of Two Different Approaches in International Risk Sharing Puzzle,” Jul. 2004, UW-Madison