Sun Yong Kim

Sun Yong Kim received his PhD in Finance from the Kellogg School of Management, Northwestern University in June 2024. His research is at the intersection of international macro-finance, fiscal policy and asset pricing theory. In particular, his papers My papers: i) US Fiscal Cycle, Risk-Sharing and the US Safety Puzzle and ii) Global Footprint of US Fiscal Policy study the global ramifications of US fiscal policy. They tie the US fiscal condition directly to puzzling phenomena in international macro-finance such as i) the US exorbitant privilege, ii) the dollar's countercyclical dynamics, iii) the global financial cycle in risky asset prices and iv) the countercyclical US wealth share. They also study optimal policy response of non-US countries in a world where US fiscal policies have such a powerful global footprint.

Publications & Working Papers:

• Global Ramifications of US Fiscal Policy
  • Global Footprint of US Fiscal Policy
  • US Fiscal Cycle, Risk Sharing and the US Safety Puzzle
  • Optimal Policy Regimes under Pax-Americana
• International Asset Pricing
  • US Fiscal Policy and Global Exchange Rate Factor Structures
  • US Multinational Production and Global Financial Cycle
  • Post-Brexit Britain: A Recursive Perspective

Awards & Recognition

• Western Finance Association (WFA) PhD Candidate Award for Outstanding Research (2022, 2023)
• European Finance Association (EFA) Engelbert-Dockner Memorial Prize for Best Researcher by Young Researchers (2023)
• Financial Management Association (FMA) Best Paper in Investments (Winner, 2023)
• Asian Meeting of the Econometric Society (AMES) Young Scholar Fund Award for Outstanding Research