Yoosoon Chang

Yoosoon Chang



  • Ph.D., Yale University, 1995

About Yoosoon Chang

Dr. Chang is a Professor of Economics at Indiana University with a Ph.D. in Economics from Yale University. She is an Executive Committee member of the Institute of Korean Studies in the School of Global and International Studies at Indiana University, and a Visiting Scholar at BI Norwegian Business School. Her other current professional responsibilities include her roles as the Organizer of Symposium of Econometric Theory and Applications (SETA), Coordinator of Midwest Econometrics Group (MEG), Co-organizer of the Workshop on Energy Economics, an Executive Committee member of Studies in Nonlinear Dynamics & Econometrics (SNDE), and an Associate Editor of Journal of Time Series Econometrics and SNDE. She was a Visiting Professor at the University of Chicago, Keio, BI Norwegian Business School, Fudan, University of Tokyo and Yale.

Dr. Chang's current research interests include the application of various time series, panel data and machine learning models to facilitate implementation of frontier theories and methodologies for practically relevant inference in a broad range of economic and financial models. Her recent research focuses on functional time series, endogenous regime switching models, high frequency factor models and their applications in intergenerational mobility, policy effects on functional outcomes such as income distribution, temperature anomaly distribution, yield curve and employment profile. These studies help better address some pressing economic issues, including income-educational-occupational mobilities, climate change, borrowing costs of government and job polarization. Her recent research also investigates monetary and fiscal policy interactions, income dynamics, expectation effects of switching financial market conditions, and empirical asset pricing models with macro factors. She has applied her new methodologies to analyze energy demand and longevity risk. Dr. Chang’s research has been published in Review of Economic Studies, Quantitative Economics, Journal of Economic Dynamics and Control, Journal of Econometrics, and Energy Economics, among others. Her work has been funded by the National Science Foundation, Bank of Korea, KEPCO, Korea Power Exchange, and the Norwegian Research Council.

Dr. Chang has been involved in mentoring junior women economists in various contexts, including the MEG mentoring workshops, CeMENT workshops organized by Committee on Status of Women in Economics Profession (CSWEP) of AEA, Finance and Economics Women (FEW), and Women Economists Networks of China, Japan and Korea. She is also serving as Chair of Korean Women Economists Network (KWEN) and is a member of the International Advisory Board of Association of the Advancement of African Women Economists (AAAWE).

Working Papers and Recently Published Papers

Time-Varying Expectation Effects of Switching Financial Uncertainty, with Hwagyun Hagen Kim and Shi Qiu.

Understanding Regressions with Observations Collected at High Frequency over Long Span with Ye Lu and Joon Park. Revised-and-resubmitted to Journal of Econometrics.

U.S. Monetary and Fiscal Policy Regime Changes and Their Interactions, with Boreum Kwak and Shi Qiu. Revised-and-resubmitted to Journal of Applied Econometrics.

Oil Price Volatility, Endogenous Regime Switching and Macroeconomic Factors, with Ana Maria Herrera and Elena Pesavento. Under review at Journal of Applied Econometrics.

Origins of Monetary Policy Shifts: A New Approach to Regime Switching in DSGE Models, with Junior Maih and Fei Tan, Journal of Economic Dynamics and Control, 133, 104235, 2021.

Forecasting Regional Long-Run Energy Demand: A Functional Coefficient Panel Approach with Yongok Choi, Changsik Kim, Zack Miller and Joon Park, Energy Economics, 96 (2021), 105117.

Stock Market Return Predictability Dormant in Option Panels, with Youngmin Choi, Soohun Kim and Joon Park.

A New Approach to Model Regime Switching, with Yongok Choi and Joon Y. Park, Journal of Econometrics, 196, 127-143, 2017.

Nonstationarity in Time Series of State Densities, with Chang Sik Kim and Joon Y. Park, Journal of Econometrics, 192, 152-167, 2016.

Evaluating trends in time series of distributions: A spatial fingerprint of human effects on climate, with Robert K. Kaufmann, Chang Sik Kim, J. Isaac Miller, Joon Y. Park and Sungkeun Park, Journal of Econometrics, 214, 274-294, 2020.

Evaluating Factor Pricing Models Using High Frequency Panels, with Yongok Choi, Hwagyun Kim and Joon Y. Park, Quantitative Economics, 7, 889-933, 2016. An appendix and code are available in supplementary files on the journal website, http://qeconomics.org/ojs/index.php/qe/issue/view/101.

Disentangling Temporal Patterns in Elasticities: A Functional Coefficient Panel Analysis of Electricity Demand, with Yongok Choi, Chang Sik Kim, J. Isaac Miller and Joon Y. Park, Energy Economics, 60, 232-243, 2016. Supplemental materials can be obtained from (https://www.sciencedirect.com/science/article/pii/S0140988316302717).

A New Approach to Modeling the Effects of Temperature Fluctuations on Monthly Electricity Demand, with Chang Sik Kim, J. Isaac Miller, Joon Y. Park and Sungkeun Park, Energy Economics, 60, 206-216, 2016.