Academic Publications

 

Forbes, K. J. Ha., M. A. Kose. 2025. “Tradeoffs and Sacrifice over Rate Cycles: Activity, Inflation and the Price Level.” NBER Macroeconomics Annual 2025 (40), National Bureau of Economic Research, Inc.

• Also available as NBER Working Paper # 33825 and CEPR Discussion Paper #20240

• Slides from NBER presentation (April 2025)

• Zip file with program and data to replicate dates and statistics for Rate Cycles, including a Read me document with information and graphs with the Rate Cycles for each economy

• Dates of resulting Rate Cycles (stata file)

• Summaries and links to related press: summary in Devdiscourse, summary in Central Banking, oped in Financial Times, summary in VoxEU

 

Ha, J., D. Kim, M. A. Kose, and E. S. Prasad. 2025. “Resolving Puzzles of Monetary Policy Transmission in Emerging Markets.” European Economic Review 173 (104957).

• Also available as NBER Working Paper # 33133 and CEPR Discussion Paper #19664

 

Ha, J., A. Kose, C. Otrok, and E. S. Prasad. 2025. “Global Macro-Financial Cycles and Spillovers.”  Journal of Banking and Finance 178 (107512).

• Also available as NBER Working Paper # 26798, Dollas FED Working Paper # 2512, and CEPR Discussion Paper #14404.

• IMF Jacque Polak Annual Conference 2017 

 

Ha, J., A. Kose, F. Ohnsorge, and H. Yilmazkuday. 2024. “What Explains Global Inflation” IMF Economic Review 2024: 1-34.

• Also available as CEPR Discussion Paper #18690 and CAMA Working Paper # 60 (2023).
• World Bank Policy Brief
• IMF Jacque Polak Annual Conference 2023 (video, slides)

 

Ha, J., A. Kose, F. Ohnsorge, H. Yilmazkuday. 2023. “Understanding the Global Drivers of Inflation: How Important Are Oil Prices?” Energy Economics 127 (A).

• Also available as CEPR Discussion Paper #17834 and CAMA Working Paper # 3 (2023)

 

Ha, J., M. Stocker, and H. Yilmazkuday. 2020. “Inflation and Exchange Rate Pass-Through.” Journal of International Money and Finance 105.

 

Ha, J., A. Kose, and F. Ohnsorge. 2023. “One-stop Source: A Global Database of Inflation.” CEPR Discussion Paper DP16327, Journal of International Money and Finance 137.

• World Bank Website
• Also available as CEPR Discussion Paper #16327 and World Bank Policy Research Working Paper # 9737

 

Ha, J., and I. So. 2023. “The Economic Effects of Global Inflation Uncertainty.” International Journal of Central Banking 20 (2): 69-150.

 

Ha, J. and I. So. 2023. “Which Monetary Shocks Matter: Evidence from Canada.” International Journal of Central Banking 19 (2): 389-472.

 

Ha, J. and I. So. 2023. “Global Confidence, Uncertainty, and Business Cycles.” International Journal of Central Banking 19 (1): 451-95.

 

Ha, J., S. Lee, and I. So. 2022. “Identifying Uncertainty Shocks due to Geopolitical Swings in Korea.” Oxford Bulletin of Economics and Statistics 84 (1): 21-56.

 

Ha, J. 2022. “Role of Global Uncertainty: Evidence from COVID-19 Pandemic.” Economics Bulletin 42 (2): 1002-31.

 

Ha, J. 2021. “International Transmission of U.S. Monetary Policy Shocks in Open Financial Markets.” Review of International Economics 29 (5).

 

Ha, J. 2020. “Nonlinear Transmission of U.S. Monetary Policy Shocks to International Financial Markets.” International Finance 23 (3): 350-69.

 

Ha, J. and I. So. 2013. “Influence of Banks’ Money Mediation Behavior on Monetary Policy: A Study of Korean Case.” Global Economic Review 42-4.