Name
JEUN, Jisu
Degree
Ph.D. in Economics
HP (URL)
https://sites.google.com/view/jisujeun/
Status
Assistant Professor
Research Topic
Going Public over the Business Cycle and its Long-Term Implications for the Labor Market
My research studies how public listing shapes firm dynamics and macroeconomic outcomes. While existing work emphasizes heterogeneity in firm productivity, size, and financial constraints, far less is known about how the transition from private to public status affects growth and aggregate fluctuations. I develop quantitative models in which firms endogenously choose whether and when to go public, showing that cyclical variation in IPO access can slow the expansion of productive firms, dampen investment and job creation, and amplify business cycle dynamics. Beyond short-run fluctuations, this framework provides a foundation for analyzing how IPO dynamics shape long-run economic structure, such as market concentration and resulting inequality. Overall, this research identifies the IPO margin as a key but understudied mechanism linking financial markets, firm behavior, and macroeconomic performance.
Education and Academic Employment
Education
| 2018-2025 | Ph.D. in Economics, Goethe University Frankfurt |
| 2015-2018 | M.A. in Economics, Seoul National University |
| 2011-2015 | B.A. in Economics, Sungshin Women’s University |
Academic Employment
| 2025-2026 | Research Economist, Bank of Finland |
| 2020-2025 | Research Assistant, Goethe University Frankfurt |
| 2022-2024 | Teaching Assistant, Goethe University Frankfurt |
Fields of Research Interests
Macroeconomics, Firm dynamics
Academic Publications
(Under preparation)
Other Interests
Photography, travel, art exhibitions
Affiliated Academic Organizations
The Econometric Society
Awards
Scholar’s Fund (2025: Royal Economic Society)
Grand Prize (2016: Local Finance Association Korea Student Paper Contest)
