Dong-Eun Rhee is currently a Professor in Division of International Studies (and in Graduate School of International Studies) at Korea University, where he has taught full-time since 2015. 

 

His major research field is macroeconomics, but he is interested in various socio-economic phenomena, ranging from macroeconomic policies, international capital flows, income inequality, environmental issues, to the educational issues in developing countries. Basically, the purpose of his research is to contribute to solving the world's problems by using economics as a tool, and to making the world a better place. 

 

Professor Rhee received a Ph.D. in economics from Indiana University-Bloomington (2009), and the M.A. (2000) and B.A. (1998) in economics from Korea University.  Prior to joining the faculty member at Korea University, Dr. Rhee spent 5 years at Korea Institute of International Economic Policy (KIEP).  

 

Interview Articles: Elsevier Atlas Award; 

                               Kyosu Newspaper;

                               Chosun Biz

Education

 

B.A. in Economics (Korea University, 1998)

M.A. in Economics (Korea University, 2000)

Ph.D. in Economics (Indiana University-Bloomington, 2009)

 

Professional Experiences

 

2023 - present     Professor, Division of International Studies, Korea University

2018 - 2022         Associate Professor, Division of International Studies, Korea University

2015 - 2018         Assistant Professor, Division of International Studies, Korea University

2014 - 2015         Assistant Professor, Department of Economics, Myongji University

2009 - 2014         Research Fellow, International Macroeconomics and Finance,

                                                                       Korea Institute for International Economic Policy (KIEP)

                              (Head of International Macroeconomics Team)

 

Honors and Awards

 

•  Suktop (Granite Tower) Award for Teaching Excellence, Korea University

     Fall 2016, Fall 2018, Fall 2019, Spring 2021, Fall 2022, Spring 2023 X2

     

•  Excellent Lecture Award, Korea University

     Spring 2016, Spring 2017, Fall 2017, Spring 2018, Spring 2019, Spring 2020, Fall 2020,

 

•  Elsevier Atlas Award. Elsevier B.V. (November - December 2019)

      Winning Article: "Toilets for education; Evidence from Kenya's primary school-level data" 

 

•  The Best Policy Research Award of the Year 2013, KIEP (December 2013)

 

•  Award for Excellent Academic Research, KIEP (December 2013)

 

•  Excellent Policy Research Award of the Year 2012, KIEP (December 2012)

 

•  The Best Policy Report Award of the Year 2010, KIEP (December 2010)

 

•  The Best Policy Report Award of the Year 2010, KIEP (December 2010)

 

•  Award for Outstanding Performance of Management Goals, KIEP (December 2009)

 

 

Research Interests

 

Macroeconomics; International Finance; Monetary Policy; Fiscal Policy; Income Inequality; Education in Developing Countries

 

Teaching Interests

 

Macroeconomics; Monetary Economics; International Finance

Peer-Reviewed Publications

 

 • When does government debt make people happier? Evidence from panel data of 125 countries (with Haejo Kang), Economics of Governance, In press, 2024.

•Determinants of market-assessed sovereign default risk: Macroeconomic fundamentals or global shocks? (with Dooyeon Cho). International Finance, In press, 2023.

 •Government debt and fiscal multipliers in the era of population aging (with Dooyeon Cho), Macroeconomic Dynamics, In press, 2023.

 •The Effects of Asset Prices on Income Inequality: Redistribution Policy Does Matter (with Hyoungjong Kim), Economic Modelling 113, 2022.

 • Does Income (Re)distribution Matter for Subjective Well-being? Evidence from Cross-country Panel Data (with Haejo Kang), Social Science Quarterly, 102, 2021.

 • No harmless child labor: The effect of child labor on academic achievement in francophone Western and Central Africa (with Jieun Lee and Hyoungjong Kim), International Journal of Educational Development, 80, 2021.

 • Toilets for education: Evidence from Kenya’s primary school-level data (with Hyoungjong Kim), International Journal of Educational Development, 70, 2019.

 • Do Stringent Environmental Regulations Attract Foreign Direct Investment in Developing Countries? Evidence on the “Race to the Top” from Cross-Country Panel Data (with Yeseul Kim), Emerging Markets Finance and Trade, 55(12), 2019.

 • Teacher gender, student gender, and primary school achievement: Evidence from ten Francophone African countries (with Jieun Lee and Robert Rudolf), Journal of Development Studies, 55(4), 2019.

 • Does income inqaulity lead to banking crises in developing countries? Empirical evidence from cross-section panel data (with Hyoungjong Kim), Economic Systems, 42(2), 2018.

 • Does income inequality increase marginal propensity to consume? (with Hyoungjong Kim), Applied Economics Letters, 25(17), 2018.

 • Korea’s growth-driven trade policies: inclusive or exclusive? (with Inwon Park and Moonsung Kang), World Economy, 40(11), 2017

 • Non-linear adjustments on the excess sensitivity of consumption with liquidity constraints (with Dooyeon Cho), Applied Economics, 49(41), 2017

 • An Assessment of Inflation Targeting in a Quantitative Monetary Business Cycle Framework: Evidence from Four Early Adopters (with Dooyeon Cho), Applied Economics 47(32), 3395-3413, 2015.

 • Fiscal Multipliers During the Global Financial Crisis: Fiscal and Monetary Interaction Matters (with Juhyun Pyun), Contemporary Economic Policy, 33(1), 207-220, 2015.

 • Information and Capital Flows Revisited: the Internet as a Determinant of Transactions in Financial Assets (with Changkyu Choi and Yonghyup Oh), Economic Modelling, 40, 191-198, 2014.

 • Nonlinear Effects of Government Debt on Private Consumption: Evidence from OECD Countries (with Dooyeon Cho), Economics Letters 121, 504-507, 2013.

 • Macroeconomic Effects of the CGIF Scheme Using a Multi-Country Dynamic General Equilibrium Model (with Young-Joon Park), Asian Economic Papers 12(1), 141-162, 2013.

 

Books (in Korean)

 

Research Topics

 

Macroeconomics & International Finance

 

•Determinants of market-assessed sovereign default risk: Macroeconomic fundamentals or global shocks? (with Dooyeon Cho). International Finance, In press, 2023.

•Government debt and fiscal multipliers in the era of population aging (with Dooyeon Cho), Macroeconomic Dynamics, In press, 2023.

• Korea’s growth-driven trade policies: inclusive or exclusive? (with Inwon Park and Moonsung Kang), World Economy, 40(11), 2017

• Non-linear adjustments on the excess sensitivity of consumption with liquidity constraints (with Dooyeon Cho), Applied Economics, 49(41), 2017

• An Assessment of Inflation Targeting in a Quantitative Monetary Business Cycle Framework: Evidence from Four Early Adopters (with Dooyeon Cho), Applied Economics 47(32), 3395-3413, 2015.

• Fiscal Multipliers During the Global Financial Crisis: Fiscal and Monetary Interaction Matters (with Juhyun Pyun), Contemporary Economic Policy, 33(1), 207-220, 2015.

• Information and Capital Flows Revisited: the Internet as a Determinant of Transactions in Financial Assets (with Changkyu Choi and Yonghyup Oh), Economic Modelling, 40, 191-198, 2014.

• Nonlinear Effects of Government Debt on Private Consumption: Evidence from OECD Countries (with Dooyeon Cho), Economics Letters 121, 504-507, 2013.

• Macroeconomic Effects of the CGIF Scheme Using a Multi-Country Dynamic General Equilibrium Model (with Young-Joon Park), Asian Economic Papers 12(1), 141-162, 2013.

 

Income Inequality

 

• The Effects of Asset Prices on Income Inequality: Redistribution Policy Does Matter (with Hyoungjong Kim), Economic Modelling 113, 2022.

• Does Income (Re)distribution Matter for Subjective Well-being? Evidence from Cross-country Panel Data (with Haejo Kang), Social Science Quarterly, forthcoming.

• Does income inqaulity lead to banking crises in developing countries? Empirical evidence from cross-section panel data (with Hyoungjong Kim), Economic Systems, 42(2), 2018.

• Does income inequality increase marginal propensity to consume? (with Hyoungjong Kim), Applied Economics Letters, 25(17), 2018.

 

Environmental Issues

 

• Do Stringent Environmental Regulations Attract Foreign Direct Investment in Developing Countries? Evidence on the “Race to the Top” from Cross-Country Panel Data (with Yeseul Kim), Emerging Markets Finance and Trade, 55(12), 2019.

 

Education in Developing Countries

 

• No harmless child labor: The effect of child labor on academic achievement in francophone Western and Central Africa (with Jieun Lee and Hyoungjong Kim), International Journal of Educational Development, 80, 2021.

• Toilets for education: Evidence from Kenya’s primary school-level data (with Hyoungjong Kim), International Journal of Educational Development, 70, 2019.

• Teacher gender, student gender, and primary school achievement: Evidence from ten Francophone African countries (with Jieun Lee and Robert Rudolf), Journal of Development Studies, 55(4), 2019.

 

 

Teaching Interest 

 

     Macroeconomics

     Monetary Economics (Money and Finance)

     International Finance