Research
Published and Accepted Papers:
Average Inflation Targeting: Time inconsistency and Ambiguous Communication (with Cynthia Wu) - Journal of Monetary Economics (2023)
The Informational Effect of Monetary Policy and the Case for Policy Commitment - European Economic Review (2023)
A Comment on "Wealth Inequality and Endogenous Growth" by Byoungchan Lee (with Shijun Gu) - Journal of Monetary Economics (2023)
Firm Dynamics and SOE Transformation During China's Economic Reform (with Shijun Gu) - Journal of International Money and Finance (2022)
Working Papers:
Forward Guidance under Imperfect Information: Instrument Based or State Contingent? - Revision Resubmitted at the Journal of Money, Credit, and Banking
current version, FRBC working paper
How Important Is the Information Effect of Monetary Policy? (with Zhao Han)
current version, FRBC working paper
On the Aggregate and Distributional Effects of Innovation Policies (with Shijun Gu)
Work in Progress
The Rise of Talent, Financial Frictions, and Innovation: A Quantitative Exploration of China (with Shijun Gu)
Discussions:
Byoungchan Lee, “Wealth Inequality and Endogenous Growth” Carnegie-Rochester-NYU Public Policy Conference, April 29 – 30, 2022
discussion slides, discussion paper
Sushant Acharya and Keshav Dogra, “Understanding HANK: Insights from PRANK” System Committee on Macroeconomics, May 9 – 10, 2019