Julieta Yung

CONTACT 

E-mail: jyung@fdic.gov 

Personal Website: http://sites.google.com/site/yungjulieta/ 

Updated: June 2022

FIELDS OF RESEARCH 

Financial Economics, Macroeconomic Finance, Asset Pricing, Term Structure Models 

EMPLOYMENT 

08/2021— FEDERAL DEPOSIT INSURANCE CORPORATION 

Financial Economist – Center for Financial Research

2017–2021 BATES COLLEGE 

Assistant Professor – Department of Economics

2014–2017 FEDERAL RESERVE BANK OF DALLAS 

Research Economist – Globalization and Monetary Policy Institute

PROFESSIONAL ACTIVITIES 

06/2020– BILATERAL ASSISTANCE & CAPACITY BUILDING FOR CENTRAL BANKS 

Expert – https://www.bccprogramme.org/ 

2020–2021 LEWISTON-AUBURN RESILIENCE & ECONOMIC RECOVERY TASK FORCE 

Expert Support

2019–2021 MAINE CONSENSUS ECONOMIC FORECASTING COMMISSION 

Commissioner – https://www.maine.gov/dafs/economist/economic-forecasting 

6–8/2019 BANK OF ENGLAND 

Academic Visitor – Monetary and Financial Conditions Division

5–8/2018 BANK OF ENGLAND 

Secondment – Monetary and Financial Conditions Division

EDUCATION 

2014 UNIVERSITY OF NOTRE DAME 

Ph.D., Economics – Advisor: Thomas F. Cosimano (Department of Finance)

2011 UNIVERSITY OF NOTRE DAME 

M.A., Economics

2009 DELAWARE STATE UNIVERSITY 

B.A., Economics; Minor: Mathematics – Summa Cum Laude

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PUBLICATIONS 

The Double-Edge Sword of Global Integration: Robustness, Fragility & Contagion in the International Firm Network (with Everett Grant) | Online Appendix | Code Files (R Studio & Stata) 

2021. Journal of Applied Econometrics, 36(6):760–783. 

Can Interest Rate Factors Explain Exchange Rate Fluctuations? 

2021. Journal of Empirical Finance, 61:34–56. Online Appendix | Code Files (Python) 

Improving Estimates of Job Matching Effciency with Different Measures of Unemployment 

2021. Journal of Macroeconomics, 67, Article 103282. (with Andrew Crawley and Sarah Welch) 

A Machine Learning Approach to Identifying Different Types of Uncertainty (with B. Saltzman) 

2018. Economics Letters, 171:58–62. Online Appendix | Uncertainty Data (xlsx) 

WORKING PAPERS 

Back to the Real Economy: The Effects of Risk Mispricing on the Term Premium and Bank 

Lending (with Kristina Bluwstein) | Bank Underground Blog Post 

FDIC Center for Financial Research Working Paper No. 2022-03 

Upstream, Downstream & Common Firm Shocks (with Everett Grant) 

FDIC Center for Financial Research Working Paper No. 2022-04 | Dallas Fed Blog Post 

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment 

(with Ralph Chami, Thomas Cosimano, and Celine Rochon) 

International Monetary Fund Working Paper No. WP/20/53 

“Exchange Rate Properties Under No-Arbitrage, Gaussian Term Structure Models” 

(with Thomas Cosimano) | In Progress

BANK PUBLICATIONS 

2018 “Global Interfrm Network Reveals Centrality of U.S. and Financial Sector” 

– with Everett Grant

Federal Reserve Bank of Dallas Economic Letter 13(2), February 2018. 

2017 “Impact of Macroeconomic Surprises Changed After Zero Lower Bound” 

– with Christoffer Koch

Federal Reserve Bank of Dallas Economic Letter 12(8), July 2017. 

2016 “Stock Market Provides Imperfect View of Real U.S. Economy” 

Federal Reserve Bank of Dallas Economic Letter 11(4), May 2016. 

2015 “Spillovers of Conventional and Unconventional Monetary Policy: The Role of Real 

and Financial Linkages” – with Mark A. Wynne

FRB of Dallas Globalization and Monetary Policy Institute 2015 Annual Report, 22-27. 

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PRESENTATIONS 

Conferences

2022 OCC Symposium on Climate Risk in Finance and Banking (discussant) 

2021 2021 FMA Annual Meeting (discussant) 

2020 Virtual 2020 Central Bank Research Association Annual Meeting, Negative Monetary 

Policy Rates and Bank Lending Session (discussant); Virtual 2020 Liberal Arts Macroeconomics Conference, Monetary Policy Session (discussant); 2020 Macro Dynamics 

Workshop at Colby College; ASSA 2020 CeMENT Workshop (participant) 

2019 4th International Workshop on Financial Markets and Nonlinear Dynamics; Women 

in Macroeconomics, Finance, and Economic History Workshop at DIW Berlin; 15th 

Annual Liberal Arts Macroeconomics Conference; 10th RCEA Macro-Money-Finance 

Conference; 8th Annual CIRANO-Sam M. Walton College of Business Workshop on 

Networks in Trade and Finance; Fall 2019 Midwest Macroeconomic Meetings 

2018 Royal Economic Society Special Session on Global Network, Spillovers, and Contagion (organizer and presenter); Maine Economics Conference; 24th International Conference on Computing in Economics and Finance; 2018 International Association for 

Applied Econometrics Annual Conference 

2017 University of Houston Economic Spring Workshop; LACEA–LAMES Annual Meeting 

2016 IBEFA Summer Meetings; Systems Committee on International Economic Analysis 

(Board of Governors); Midwest Economic Association 

2015 SEA Presidential Session on International Banking (organizer and discussant); Spillovers 

of Conventional and Unconventional Monetary Policy: the Role of Real and Financial 

Linkages (discussant); UBC Winter Finance 

Seminars

2021 Center for Financial Research at the Federal Deposit Insurance Corporation 

2020 Virtual JGBS Global Business Lecture, O. P. Jindal Global University 

2018 University of Maine; Bank of England 

2017 Bates College; Bank of England 

2015 DePaul University; University of Nebraska-Omaha 

2014 Miami University; Federal Reserve Bank of Dallas; Central Bank of Norway; Central 

Bank of Mexico (Financial Stability Division); ITAM School of Business 

AFFILIATIONS 

American Economic Association; Central Bank Research Association; Financial Management Association; Forum for Research in Empirical International Trade; External Member of the Graduate 

Faculty of the University of Maine; International Economics and Finance Society 

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AWARDS AND HONORS 

2009–2014 Kellogg Institute Supplemental Award Fellowship, University of Notre Dame

2009–2010 MEAEOPP Scholarship, U.S. Dept. of Education – Educational Opportunity Assoc. 

2009 Excellence in Federal Trio Award, Delaware, U.S. Dept. of Education 

2005–2009 NCAA Division I Full Tennis Scholarship, Delaware State University

TEACHING EXPERIENCE 

2017–2021 Instructor, Bates College: Intermediate Macroeconomic Theory; Macroeconomic Finance; Time Series Econometrics; Senior Research Capstone; Senior Thesis Seminar 

2012–2013 Instructor, University of Notre Dame: Principles of Microeconomics 

2013 Distinguished Teaching Award, Department of Economics, University of Notre Dame 

2010 Teaching Assistant, University of Notre Dame: Intermediate Microeconomics 

2006–2007 Supplemental Instructor, Delaware State University: College Algebra; Survey of Math I 

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