Gee Hee Hong

Last Updated: March 03, 2016

Gee Hee Hong is an economist at the Research Department of the International Monetary Fund. Her work focuses on inflation dynamics, transmission of monetary policy and various trade issues including exchange rate pass-through and global value chain. Previously, she worked on regional surveillance issues, Singapore, Malaysia and Fiji in the Asia and Pacific Department at the IMF (2014-2016). Prior to joining the IMF, she worked at Bank of Canada (2012-2014). Ms. Hong holds a B.A. from Seoul National University (2006) and an M.A. and a Ph.D from University of California, Berkeley (2012).

Email: GHONG@imf.org

Personal WebPage: https://sites.google.com/site/geeheehong/home

Fluent In: Korean.

Education:

Ph.D. Economics, University of California, Berkeley, 2012

M.A. Statistics, University of California, Berkeley, 2010

B.A. (summa cum laude) Economics, Seoul National University, 2006


Previous Experience:

Bank of Canada, Senior Analyst, 2012-2014

Federal Reserve Bank of Chicago, Visiting position, summer 2014


Field of Expertise:

Monetary Policy

Macro-Financial Issues

IMF Books and Working Papers:

Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness , Working Paper No. 2021/044 , February 19, 2021

Demographics and the Housing Market: Japan’s Disappearing Cities , Working Paper No. 20/200 , September 25, 2020

Structural Changes in Japanese Firms: Business Dynamism in an Aging Society , Working Paper No. 20/182 , September 04, 2020

Achieving the Bank of Japan’s Inflation Target , Working Paper No. 19/229 , November 01, 2019

What Do Deviations from Covered Interest Parity and Higher FX Hedging Costs Mean for Asia , Working Paper No. 19/169 , August 02, 2019

Productivity Drag from Small and Medium-Sized Enterprises in Japan , Working Paper No. 19/137 , July 01, 2019

Pushed Past the Limit? How Japanese Banks Reacted to Negative Interest Rates , Working Paper No. 18/131 , June 13, 2018

More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies , Working Paper No. 18/50 , March 09, 2018

Portfolio Inflows Eclipsing Banking Inflows: Alternative Facts? , Working Paper No. 18/29 , February 16, 2018

Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification , Working Paper No. 17/146 , June 30, 2017

Financial Frictions and the Great Productivity Slowdown , Working Paper No. 17/129 , May 31, 2017

China's Changing Trade and the Implications for the CLMV , Asia and Pacific Departmental Paper No. 16/1 , September 01, 2016

Should Korea Worry about a Permanently Weak Yen? , Working Paper No. 15/158 , July 16, 2015

The Cyclicality of Sales, Regular and Effective Prices : Business Cycle and Policy Implications , Working Paper No. 12/207 , August 01, 2012

Other Published Materials

Should Korea Worry About a Permanently Weak Yen? (with Jack J. Ree, Seoen, Choi), Working Paper, WP/15/158.

Asia's Export Performance: What is Holding Back? (with Joong Shik Kang), Regional Economic Outlook: Asia and Pacific, April 2015

The Impact of Yen Depreciation on Japanese and Korean Exports: Is This Time Different? (with Jack J. Ree), Regional Economic Outlook: Asia and Pacific, April 2015.

Financial Spillovers in Asia: Evidence from Equity Markets (with Roberto Guimaraes-Filho), Regional Economic Outlook: Asia and Pacific, April 2015.

Singapore's Export Elasticities: A Disaggregated Look into the Role of Global Value Chains and Economic Complexity (with Elif Arbatli), March 2016. IMF WP/16/52.

Dynamic Connectedness of Asian Equity Markets (with Roberto Guimaraes-Filho), March 2016. IMF WP/16/57.

China and Asia in Global Trade Slowdown (with Jaewoo Lee, Wei Liao and Dulani Seneviratne), March 2016. IMF WP/16/105.

China's Changing Trade and the Implications for the CLMV Economies (with Koshy Mathai, Geoff Gottlieb, Sung Eun Jung, Jochen Schmittmann and Jiangyan Yu), Sep 2016, Asia and Pacific Departmental Paper No. 16/1, International Monetary Fund.

Publications in Journals (Refereed)

Market Structure and Cost Pass-Through in Retail (with Nicholas Li). Forthcoming 2016, Review of Economics and Statistics.

The Cyclicality of Sales, Regular, and Effective Prices: Business Cycle and Policy Implications (with Olivier Coibion, Yuriy Gorodnichenko), 2015, American Economic Review, 105(3), pp.993-1029.

Rethinking the Exchange Rate Impact on Trade in a World with Global Value Chains (with Kevin Cheng, Dulani Seneviratne and Rachel van Elkan), 2016. International Economic Journal.

Gee Hee Hong is an economist at the Research Department of the International Monetary Fund. Her work focuses on inflation dynamics, transmission of monetary policy and various trade issues including exchange rate pass-through and global value chain. Previously, she worked on regional surveillance issues, Singapore, Malaysia and Fiji in the Asia and Pacific Department at the IMF (2014-2016). Prior to joining the IMF, she worked at Bank of Canada (2012-2014). Ms. Hong holds a B.A. from Seoul National University (2006) and an M.A. and a Ph.D from University of California, Berkeley (2012).

Email: GHONG@imf.org

Personal WebPage: https://sites.google.com/site/geeheehong/home

Fluent In: Korean.

Education:

Ph.D. Economics, University of California, Berkeley, 2012

M.A. Statistics, University of California, Berkeley, 2010

B.A. (summa cum laude) Economics, Seoul National University, 2006


Previous Experience:

Bank of Canada, Senior Analyst, 2012-2014

Federal Reserve Bank of Chicago, Visiting position, summer 2014


Field of Expertise:

Monetary Policy

Macro-Financial Issues

IMF Books and Working Papers:

Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness , Working Paper No. 2021/044 , February 19, 2021

Demographics and the Housing Market: Japan’s Disappearing Cities , Working Paper No. 20/200 , September 25, 2020

Structural Changes in Japanese Firms: Business Dynamism in an Aging Society , Working Paper No. 20/182 , September 04, 2020

Achieving the Bank of Japan’s Inflation Target , Working Paper No. 19/229 , November 01, 2019

What Do Deviations from Covered Interest Parity and Higher FX Hedging Costs Mean for Asia , Working Paper No. 19/169 , August 02, 2019

Productivity Drag from Small and Medium-Sized Enterprises in Japan , Working Paper No. 19/137 , July 01, 2019

Pushed Past the Limit? How Japanese Banks Reacted to Negative Interest Rates , Working Paper No. 18/131 , June 13, 2018

More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies , Working Paper No. 18/50 , March 09, 2018

Portfolio Inflows Eclipsing Banking Inflows: Alternative Facts? , Working Paper No. 18/29 , February 16, 2018

Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification , Working Paper No. 17/146 , June 30, 2017

Financial Frictions and the Great Productivity Slowdown , Working Paper No. 17/129 , May 31, 2017

China's Changing Trade and the Implications for the CLMV , Asia and Pacific Departmental Paper No. 16/1 , September 01, 2016

Should Korea Worry about a Permanently Weak Yen? , Working Paper No. 15/158 , July 16, 2015

The Cyclicality of Sales, Regular and Effective Prices : Business Cycle and Policy Implications , Working Paper No. 12/207 , August 01, 2012

Other Published Materials

Should Korea Worry About a Permanently Weak Yen? (with Jack J. Ree, Seoen, Choi), Working Paper, WP/15/158.

Asia's Export Performance: What is Holding Back? (with Joong Shik Kang), Regional Economic Outlook: Asia and Pacific, April 2015

The Impact of Yen Depreciation on Japanese and Korean Exports: Is This Time Different? (with Jack J. Ree), Regional Economic Outlook: Asia and Pacific, April 2015.

Financial Spillovers in Asia: Evidence from Equity Markets (with Roberto Guimaraes-Filho), Regional Economic Outlook: Asia and Pacific, April 2015.

Singapore's Export Elasticities: A Disaggregated Look into the Role of Global Value Chains and Economic Complexity (with Elif Arbatli), March 2016. IMF WP/16/52.

Dynamic Connectedness of Asian Equity Markets (with Roberto Guimaraes-Filho), March 2016. IMF WP/16/57.

China and Asia in Global Trade Slowdown (with Jaewoo Lee, Wei Liao and Dulani Seneviratne), March 2016. IMF WP/16/105.

China's Changing Trade and the Implications for the CLMV Economies (with Koshy Mathai, Geoff Gottlieb, Sung Eun Jung, Jochen Schmittmann and Jiangyan Yu), Sep 2016, Asia and Pacific Departmental Paper No. 16/1, International Monetary Fund.

Publications in Journals (Refereed)

Market Structure and Cost Pass-Through in Retail (with Nicholas Li). Forthcoming 2016, Review of Economics and Statistics.

The Cyclicality of Sales, Regular, and Effective Prices: Business Cycle and Policy Implications (with Olivier Coibion, Yuriy Gorodnichenko), 2015, American Economic Review, 105(3), pp.993-1029.

Rethinking the Exchange Rate Impact on Trade in a World with Global Value Chains (with Kevin Cheng, Dulani Seneviratne and Rachel van Elkan), 2016. International Economic Journal.