This article was written by
O. Young Kwon, a NYU Ph.D. in Economics (1980) taught Macroeconomics (CUNY, Staten Island) and Statistics (Rutgers, Newark) during 1979 to1981. He worked in the security industry for ten years as a Registered Investment Adviser (RIA). In the first half of 1980s, he, as a full-time Research Associate, researched at the Center for International Business Cycle Research (CIBCR) in Business School of Rutgers in Newark, NJ (with Geoffery H. Moore) on business cycles, growth cycles, international indicators, composite indexes, and forecast of business conditions and inflation.Prior to his academic career, he was an Economist/Bank Supervisor at the Bank of Korea [BOK] (which is the Fed's counterpart) for ten years (1963 - 73). In 1971, he visited the Federal Reserve Bank of New York, sent by the BOK: He studied the long-run central banking in the computerized environment.
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