Jaejoon Woo studied economics at Yonsei University, Seoul, Korea. He received his Ph.D. in economics from Harvard in 1999. He worked at the OECD (Organisation for Economic Cooperation and Development) in Paris in 2000-02 and 2009, and taught as an associate professor (with tenure) at DePaul University in Chicago during 2003-09. From November 2009 till July 2013, he worked in the Fiscal Affairs Department, and will work at the Research Department at the IMF beginning in August 2013.
His research areas of interest are: growth and productivity, fiscal policy, political economy, and macroeconomics. His research work has been published in major economic journals, such as Review of Economics and Statistics, Journal of Public Economics, European Economic Review, Journal of Development Economics, Economic Inquiry and others, as well as in the working paper series of the IMF, OECD, ADB, and Bank of Korea.
He is currently Associate Editor of International Economic Journal (a peer-reviewed, scholarly journal published for the Korea International Economic Association).
Fluent In: Korean.
Ph.D. in economics, Harvard University, June 1999
M.A. in economics, Yonsei University, Seoul, Korea, August 1992
B.A. in economics, Yonsei University, Seoul, Korea, February 1990
Economist, OECD (Organisation for Economic Cooperation and Development), Development Centre, Paris, France, 2009
Associate Professor (with tenure) in 2007-09, and Assistant Professor in 2003-07, DePaul University, Chicago
Visiting Professor, Helsinki School of Economics, Finland, Nov.-Dec. 2007 and 2008, Sept.-Oct. 2006, Nov. 2005, Sept. 2004
Economist, OECD (Organisation for Economic Cooperation and Development), Economics Department, Paris, France, 2000-02
Lecturer, Institute D’Etudes Politiques De Paris (known as Sciences Po), Paris, France, 2001-02
Visiting Assistant Professor, DePaul University, Chicago, 1999-2000
Teaching Fellow, Harvard University, Cambridge, 1995-99
Refereed for: European Economic Review; Journal of Public Economics; Journal of Development Economics; American Journal of Political Science; Scandinavian Journal of Economics; Journal of Public Economic Theory; Economic Inquiry; Journal of International Trade and Economic Development; International Economic Journal; Journal of Development Studies; Journal of African Economies; KDI Journal of Public Policy; Southern Economic Journal; Fiscal Studies; The Manchester School, B.E. Journal of Macroeconomics
Associate Editor, International Economic Journal (a peer-reviewed, scholarly journal published by Korea International Economic Association), 2010-Present
Senior Economist, IMF, 2009-Present
The Korea-America Economic Association Workshop on Economic Growth and Development, San Diego, Jan.6, 2013
The OECD Conference on Better Governance for Inclusive Growth, organized by the OECD Korea Policy Center, Seoul, South Korea, Oct. 30- Nov.1, 2012
The Shanghai Forum, organized by Fudan University and Korea Foundation for Advanced Studies, Shanghai, China, May 26-28, 2012
The Banca d'Italia Workshop on Fiscal Policy and Growth, Perugia, Italy, March 28-31, 2012
The World Bank-KDI School International Conference on Fiscal Policy and Management, Seoul, Korea, November 16-18, 2011
The Beijing Forum, organized by Peking University, Beijing Municipal Commission of Education, and Korea Foundation for Advanced Studies, Beijing, China, November 4-6, 2011
The Illinois Economic Association Annual Meeting, Chicago, October 28-29, 2011
The International Seminar: Strengthening Public Governance and Global Partnerships to Overcome the Economic Crisis and Inequalities, organized by OECD-Korea Policy Center and National Institute of Public Administration of Indonesia, Jakarta, Indonesia, June 22-23, 2011
The European Commission Conference on Public Debt and Economic Growth, organized by European Commission Directorate-General for Economic and Financial Affairs, Brussels, December 3, 2010
The OECD Development Centre Conference on Global Development Outlook, Paris, France, July 6, 2009
The Illinois Economic Association Annual Meeting, Chicago, October17-18, 2008
The Korea Economic Association International Conference, Seoul, Korea, August 12-13, 2008
The first GRI-KAEA International Conference, Suwon, Korea, June 1, 2007
The 48th Annual Convention of the International Studies Association (ISA), Chicago, February 28–March 3, 2007
The American Economic Association Annual Meeting, Chicago, January 5-7, 2007
The Southern Economic Association Annual Meeting, Charleston, Nov. 18-21, 2006
The Illinois Economic Association Annual Meeting, Chicago, October 20-21, 2006
The North American Econometric Society Summer Meeting, University of Minnesota, Minneapolis, June 22-25, 2006
The Illinois Economic Association Annual Meeting, Chicago, October 21-22, 2005
The Workshop on Fiscal Policy Issues at University of Oslo, Norway, January 2005
The Southern Economic Association Annual Meeting, New Orleans, Nov. 21-23, 2004
The Joint Conference of Bank of Korea and Korea-America Economic Association at the Bank of Korea, Seoul, South Korea, Aug. 11, 2004
The International conference of Korea Economic Association and Korea-America Economic Association, Seoul, South Korea, Aug. 12-13, 2004
The European Econometric Society Annual Meeting, Stockholm, Sweden. Aug. 20-24, 2003
The North American Econometric Society Summer Meeting, UCLA, Los Angeles, June 20-24, 2002
The European Economic Association Annual Meeting, Lausanne, Switzerland, Aug. 29-Sept. 1, 2001
The Far Eastern Meeting of the Econometric Society, Hong Kong, July 24–26, 1997
IMF Books and Working Papers:
Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy : What Do the Data Say?, Working Paper No. 13/195, September 17, 2013
The Puzzle of Persistently Negative Interest Rate-Growth Differentials : Financial Repression or Income Catch-Up?, Working Paper No. 11/260, November 01, 2011
Public Debt and Growth, Working Paper No. 10/174, July 01, 2010
Public Expenditures on Social Programs and Household Consumption in China, Working Paper No. 10/69, March 01, 2010
Other Published Materials
“Distributional Consequences of Alternative Fiscal Consolidation Measures: Readings from the Data” (with Elva Bova, Tidiane Kinda, Sophia Zhang), in Fiscal Monitor, IMF, October 2012, pp. 50-58.
“Government Debt and Growth,” (with Manmohan Kumar), in Fiscal Monitor, IMF, May 2010.
The Political Economy of Fiscal Policy. (No. 570, Lecture Notes in Economics and mathematical Systems series), Springer-Verlag, Berlin; New York, January 2006.
The OECD Economic Survey of the United States. (with Hannes Suppanz, Michael Kiley, Peter Jarret and Elizabeth Docteur), Vol. 2002/18, OECD, Paris, November 2002.
Book chapter: “Public Debt and Economic Growth Revisited,” (with Manmohan Kumar), in Post-Crisis Fiscal Policy, MIT Press, Cambridge, Massachusetts, 2013 (forthcoming).
Book Chapter: “From Asian Crisis to Global Crisis: The Remarkable Resurgence of Emerging Asia,” (with Manmohan Kumar and Nirvikar Singh), in The Oxford Handbook of the Economics of the Pacific Rim, Oxford University Press, New York, 2013 (forthcoming).
Book Chapter: “Public Expenditures on Social Programs and Household Consumption in China,” (with Emanuele Baldacci, Giovanni Callegari, David Coady, Ding Ding, Manmohan Kumar, Pietro Tommasino), in Effects of Social Policy on Domestic Demand, Asian Development Bank Institute, Tokyo, Japan, November 2010, pp. 171-201.
Book Chapter: “Chapter 1. Growth, Government Policies and Institutions in the Globalized World Economy.” in Jeong-ho Hahm (ed.) Sustaining Korean Economic Growth – A Way Forward: Augmenting Growth Potential and Upgrading the Financial System, The Bank of Korea, Seoul, December 2004, pp. 3-105.
Publications in Journals (Refereed)
“Growth, Income Distribution, and Fiscal Policy Volatility.” The Journal of Development Economics 96(2), pp. 289-313, November 2011. The 11th most downloaded article in Journal of Development Economics in 2011.
“Why Do More Polarized Countries Run More Pro-cyclical Fiscal Policy?” The Review of Economics and Statistics, Vol. 91, No. 4, November 2009, 850-870.
“Productivity Growth and Technological Diffusion through Foreign Direct Investment.” Economic Inquiry, Vol. 47, No. 2, April 2009, pp. 226-248.
“Social Polarization, Fiscal Instability and Growth.” The European Economic Review, Vol. 49, No. 6, August 2005, pp. 1451-1477.
“The Political Economy of Social Polarization and Macroeconomics.” The Korean Journal of Economics, Vol. 12, No. 1, Spring 2005, pp. 151-192.
“Social Polarization, Industrialization, and Fiscal Instability: Theory and Evidence.” The Journal of Development Economics, Vol. 72, No. 1, October 2003, pp. 223-252.
“Economic, Political, and Institutional Determinants of Public Deficits.” The Journal of Public Economics, Vol. 87, No. 3, March 2003, pp. 387-426. Lead article. The 6th most requested article in Journal of Public Economics in 2003.
Publications in Books and Conference Volumes
“Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy: What Do the Data Say?” (with Elva Bova, Tidiane Kinda, Sophia Zhang), The IMF Working Paper, 2013 (forthcoming).
“Technological Upgrading in China and India: What Do We Know?” The OECD Development Center Working Paper, No. 308, January 2012.
“Growth, Government Policies and Institutions in the Globalized World Economy.” The Bank of Korea Institute Research Paper, No.198, October 2004.
“The US Health System: An Assessment and Prospective Directions
For Reform.” (with Elizabeth Docteur and Hannes Suppanz), The OECD Economics Department Working Paper, No. 350, March 2003.
“The Role of Policy and Institutions on Productivity and Firm Dynamics.” (with Stefano Scarpetta, Phil Hemmings and Thierry Tressel), The OECD Economics Department Working Paper, No. 329, April 2002. Covered in the Economics Focus section of The Economist (a London-based weekly magazine), May 25, 2002.
“New Economy and the Effects of Industrial Structures on International Equity Market Correlations.” (with Cyn-young Park), The Asian Development Bank (ADB) Economics and Research Department Working Paper, No. 31, December 2002.