![](\"https:\/\/econ.cau.ac.kr\/wp-content\/uploads\/2025\/02\/songjungsuk.jpg\" "\\"songjungsuk\\"")
<\/span><\/div><\/div><\/div>\nEmail : jssong@cau.ac.kr
\nPhone : 02-820-5640
\nRoom : 1028 Centennial
\nPersonal Webpage :<\/p>\n<\/div><\/div><\/div><\/div><\/div>Education and Professional Experience<\/h4><\/a><\/li>
Research and Teaching<\/h4><\/a><\/li><\/ul><\/div>\nEducation<\/h5>\n
Ph.D. Michigan State University. Ph.D. (Economics)
\nM.A Michigan State University. M.A. (Economics)
\nB.A, Economics, Yonsei University<\/p>\n
Experience<\/h5>\n
2018~ Professor, School of Economics, Chung-Ang University
\n2015~2018 Associate Professor, School of Economics, Chung-Ang University
\n2011~2015 Assistant Professor, School of Economics, Chung-Ang University
\n2009~2011 Associate Fellow, Korea Institute of Public Finance<\/div>
\nSelected Publications<\/h5>\n
\u2022 Testing Consumption Risk-Sharing Under Heterogenous Risk-Aversion, Journal of Korean Economic Studies, 2015
\n\u2022 Empirical Investigation of Dynamic Determinants for the Foreign Exchange Risk Insurance (with co-author), Journal of International Trade and Insurance, 2015
\n\u2022 Nonlinear Causality between Exchange Rate and Trade: Empirical Evidence from Korea (with co-author), Korea Trade Review, 2016
\n\u2022 The Effects of Export Insurance on Value-Added Export (with co-author), Journal of International Trade and Insurance, 2016
\n\u2022 The dynamic conditional relationship between stock market returns and implied volatility (with co-author), Physica A: Statistical Mechanics and its Applications, 2017
\n\u2022 Real Wage Flexibility, Economic Fluctuations,and Exchange Rate Regimes (with co-author), Open Economies Review, 2017
\n\u2022 FDI Consequences of Downward Wage Cost Rigidities (with co-author), Singapore Economic Review, 2017
\n\u2022 An Empirical Analysis on the Determinants of Demand for Foreign Exchange Risk Insurance, Journal of International Trade and Insurance, 2017
\n\u2022 Impact of wage rigidity on sovereign credit rating (with co-author), Emerging Markets Review, 2018
\n\u2022 Labor market friction, nominal wage rigidities, and monetary policy in a small open economy (with co-author), International Review of Economics and Finance, 2018
\n\u2022 Aging effects on consumption risk-sharing channels in European countries (with co-author), Zbornik Radova Ekonomskog fakulteta u rijeci, 2018
\n\u2022 Diversification effect of ship investment funds in South Korea (with co-author), Journal of Korea Trade, 2019
\n\u2022 Wage rigidities and unemployment fluctuations in a small open economy (with co-author), Economic Modelling, 2020
\n\u2022 Nonlinear Effect of Information and Communication Technology on Economic Growth Convergence: the Case of 36 Asian Countries (with co-author), Review of Institution and Economics, 2020
\n(selected publications)<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/p>","protected":false},"excerpt":{"rendered":"
Professor<\/p>\n","protected":false},"author":2,"featured_media":2472,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"portfolio_category":[40],"portfolio_skills":[],"portfolio_tags":[],"class_list":["post-1457","avada_portfolio","type-avada_portfolio","status-publish","format-standard","has-post-thumbnail","hentry","portfolio_category-current-professor-en"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/avada_portfolio\/1457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/avada_portfolio"}],"about":[{"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/types\/avada_portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/comments?post=1457"}],"version-history":[{"count":4,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/avada_portfolio\/1457\/revisions"}],"predecessor-version":[{"id":2350,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/avada_portfolio\/1457\/revisions\/2350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/media\/2472"}],"wp:attachment":[{"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/media?parent=1457"}],"wp:term":[{"taxonomy":"portfolio_category","embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/portfolio_category?post=1457"},{"taxonomy":"portfolio_skills","embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/portfolio_skills?post=1457"},{"taxonomy":"portfolio_tags","embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/portfolio_tags?post=1457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Education and Professional Experience<\/h4><\/a><\/li>
Research and Teaching<\/h4><\/a><\/li><\/ul><\/div>
\nEducation<\/h5>\n
Ph.D. Michigan State University. Ph.D. (Economics)
\nM.A Michigan State University. M.A. (Economics)
\nB.A, Economics, Yonsei University<\/p>\nExperience<\/h5>\n
2018~ Professor, School of Economics, Chung-Ang University
\n2015~2018 Associate Professor, School of Economics, Chung-Ang University
\n2011~2015 Assistant Professor, School of Economics, Chung-Ang University
\n2009~2011 Associate Fellow, Korea Institute of Public Finance<\/div>\nSelected Publications<\/h5>\n
\u2022 Testing Consumption Risk-Sharing Under Heterogenous Risk-Aversion, Journal of Korean Economic Studies, 2015
\n\u2022 Empirical Investigation of Dynamic Determinants for the Foreign Exchange Risk Insurance (with co-author), Journal of International Trade and Insurance, 2015
\n\u2022 Nonlinear Causality between Exchange Rate and Trade: Empirical Evidence from Korea (with co-author), Korea Trade Review, 2016
\n\u2022 The Effects of Export Insurance on Value-Added Export (with co-author), Journal of International Trade and Insurance, 2016
\n\u2022 The dynamic conditional relationship between stock market returns and implied volatility (with co-author), Physica A: Statistical Mechanics and its Applications, 2017
\n\u2022 Real Wage Flexibility, Economic Fluctuations,and Exchange Rate Regimes (with co-author), Open Economies Review, 2017
\n\u2022 FDI Consequences of Downward Wage Cost Rigidities (with co-author), Singapore Economic Review, 2017
\n\u2022 An Empirical Analysis on the Determinants of Demand for Foreign Exchange Risk Insurance, Journal of International Trade and Insurance, 2017
\n\u2022 Impact of wage rigidity on sovereign credit rating (with co-author), Emerging Markets Review, 2018
\n\u2022 Labor market friction, nominal wage rigidities, and monetary policy in a small open economy (with co-author), International Review of Economics and Finance, 2018
\n\u2022 Aging effects on consumption risk-sharing channels in European countries (with co-author), Zbornik Radova Ekonomskog fakulteta u rijeci, 2018
\n\u2022 Diversification effect of ship investment funds in South Korea (with co-author), Journal of Korea Trade, 2019
\n\u2022 Wage rigidities and unemployment fluctuations in a small open economy (with co-author), Economic Modelling, 2020
\n\u2022 Nonlinear Effect of Information and Communication Technology on Economic Growth Convergence: the Case of 36 Asian Countries (with co-author), Review of Institution and Economics, 2020
\n(selected publications)<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/p>","protected":false},"excerpt":{"rendered":"Professor<\/p>\n","protected":false},"author":2,"featured_media":2472,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"portfolio_category":[40],"portfolio_skills":[],"portfolio_tags":[],"class_list":["post-1457","avada_portfolio","type-avada_portfolio","status-publish","format-standard","has-post-thumbnail","hentry","portfolio_category-current-professor-en"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/avada_portfolio\/1457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/avada_portfolio"}],"about":[{"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/types\/avada_portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/comments?post=1457"}],"version-history":[{"count":4,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/avada_portfolio\/1457\/revisions"}],"predecessor-version":[{"id":2350,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/avada_portfolio\/1457\/revisions\/2350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/media\/2472"}],"wp:attachment":[{"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/media?parent=1457"}],"wp:term":[{"taxonomy":"portfolio_category","embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/portfolio_category?post=1457"},{"taxonomy":"portfolio_skills","embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/portfolio_skills?post=1457"},{"taxonomy":"portfolio_tags","embeddable":true,"href":"https:\/\/econ.cau.ac.kr\/en\/wp-json\/wp\/v2\/portfolio_tags?post=1457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}