Jaewoo Lee

Research Department
International Monetary Fund
Washington DC, 20431

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: International Monetary Fund

NBER Working Papers and Publications

October 2010From the Great Moderation to the global crisis: Exchange market pressure in the 2000s
with Joshua Aizenman, Vladyslav Sushko: w16447

Published: Joshua Aizenman & Jaewoo Lee & Vladyslav Sushko, 2012. "From the Great Moderation to the Global Crisis: Exchange Market Pressure in the 2000s," Open Economies Review, Springer, vol. 23(4), pages 597-621, September. citation courtesy of

March 2008The Real Exchange Rate, Mercantilism and the Learning by Doing Externality
with Joshua Aizenman: w13853

Published: REAL EXCHANGE RATE, MERCANTILISM AND THE LEARNING BY DOING EXTERNALITY Joshua Aizenman1, Jaewoo Lee2,* Article first published online: 16 JUL 2010 DOI: 10.1111/j.1468-0106.2010.00505.x © 2010 The Authors. Journal compilation © 2010 Blackwell Publishing Asia Pty Ltd Issue Pacific Economic Review Pacific Economic Review Volume 15, Issue 3, pages 324–335, August 2010 citation courtesy of

February 2007The Valuation Channel of External Adjustment
with Fabio Ghironi, Alessandro Rebucci: w12937

Published: Ghironi, Fabio & Lee, Jaewoo & Rebucci, Alessandro, 2015. "The valuation channel of external adjustment," Journal of International Money and Finance, Elsevier, vol. 57(C), pages 86-114. citation courtesy of

December 2006Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding
with Joshua Aizenman: w12718

Published: Joshua Aizenman & Jaewoo Lee, 2008. "Financial versus Monetary Mercantilism: Long-run View of Large International Reserves Hoarding," The World Economy, Blackwell Publishing, vol. 31(5), pages 593-611, 05. citation courtesy of

December 2005Three Current Account Balances: A "Semi-Structuralist" Interpretation
with Menzie D. Chinn: w11853

Published: Chinn, Menzie D. & Lee, Jaewoo, 2009. "Three current account balances: A "Semi-Structuralist" interpretation," Japan and the World Economy, Elsevier, vol. 21(2), pages 202-212, March. citation courtesy of

May 2005International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence
with Joshua Aizenman: w11366


April 1998The Current Account and the Real Exchange Rate: A Structural VAR Analysis of Major Currencies
with Menzie D. Chinn: w6495

Published: Lee, Jaewoo and Menzie D. Chinn. "Current Account And Real Exchange Rate Dynamics In The G7 Countries," Journal of International Money and Finance, 2006, v25(2,Mar), 257-274.

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