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UWindsor Student

Student in front of Chrysler Hall North

Jay (Hyuk-jae) Rhee

Office Location: 6117 Lambton Tower
Office Ext.: 2385

Hyuk-jae Rhee received B.A. and M.A degrees in Economics from Korea University in 1995 and 1997 respectively, and his  Ph.D.  from Michigan State University in 2003.

His research interest is in international macroeconomics, and in particular, in monetary policy in a small open economy.

Research Interests:

  • International economics
  • Monetary economics
  • Quantitative Methods


Selected Bibliography:

"Unemployment Fluctuations, and Optimal Monetary Policy in a Small Open Economy”, mimeo, 2013, with Jeongseok Song.

“Indexation, the new Keynesian Phillips curve, and Welfare loss”, mimeo, 2013, with Nurlan Turdaliev.

"Optimal monetary policy in a small open economy with staggered wage and price contracts", Journal of International Money and Finance 37 (2013), pp.  306–323, with Nurlan Turdaliev.

"Real wage rigidities and optimal monetary policy in a small open economy", Journal of Macroeconomics 37 (2013), pp. 110–127, with Jeongseok Song.

"Optimal monetary policy in a small  open economy with inflation and output persistence", Economic Modelling 29 (2012), pp. 2533–2542, with Nurlan Turdaliev.

"Exchange-rate-based stabilization: Imperfect competition and supply-side effects", Journal of International Money and Finance 26 (2007), pp.1095-1112.



  • ECN 502 Macroeconomic Theory I


  • ECN 434 Advanced Macroeconomics II
  • ECN 510 International Economics