Contact Information
202-452-5223
don.h.kim@frb.gov

Fields of Interest
Financial Markets
Asset Pricing
Econometrics and Statistics

Education
Ph.D., Finance, Stanford University, 2005
Ph.D., Physics, MIT, 1998
B.A., Physics, Harvard University, 1994

Professional Experience
Board of Governors of the Federal Reserve System, 2003-present
Economist, Bank for International Settlements, 2006-2007

Selected Publications

• ''Challenges in Macro-Finance Modeling,'' BIS Working Papers, vol. 240 (December 2007), pp. 1-42.
• ''Spanned Stochastic Volatility: A reexamination of the relative pricing between bonds and bond options,'' BIS Working Papers, vol. 239 (December 2007), pp. 1-38.
• ''The Bond Market Term Premium: What is it, and how can we measure it?'' (with Athanasios Orphanides), BIS Quarterly Review (June 2007), pp. 28-40.
• Term Structure Estimation with Survey Data on Interest Rate Forecasts (with Athanasios Orphanides), Finance and Economics Discussion Series 2005-48. Washington: Board of Governors of the Federal Reserve System, 2005.
• An Arbitrage-Free Three-Factor Term Structure Model and the Recent Behavior of Long-Term Yields and Distant-Horizon Forward Rates (with Jonathan H. Wright), Finance and Economics Discussion Series 2005-33. Washington: Board of Governors of the Federal Reserve System, 2005.
• ''Theory of Spin Excitations in Undoped and Underdoped Cuprates'' (with Patrick A. Lee), Annals of Physics, vol. 272 (1999), pp. 130-64.
• ''Degenerate Bose Liquid in a Fluctuating Gauge Field'' (with Derek K. K. Lee and Patrick A. Lee), Physical Review Letters, vol. 76 (1996), pp. 4801-4.
• ''Band Structure of Femtosecond-Laser-Pulse Excited GaAs'' (with Henry Ehrenreich and Erich Runge), Solid State Communications, vol. 89 (1994), pp. 119-22.