Research
Working Papers
Gini in the Taylor Rule: Should the FED Care About Inequality? (resubmitted, BE Journal of Macroeconomics, with Eunseong Ma, First: Apr. 2021)
[SSRN]
An Aging Population and Sustainable Government Debt: The Case of Korea (Minor revision requested, Journal of Asian Economics)
Inflation Scar and Expectations Formation (Revising)
US Monetary Policy, Exchange Rates, and Delayed Portfolio Adjustments (with Sangyup Choi(Yonsei) and Jongho Park(Soongsil))
Publications
Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?, Journal of Macroeconomics, Vol.78, Dec. 2023
(supercedes the previous paper titled 'Uncertainty, Attention Allocation and Monetary Policy Asymmetry')
[DOI] [BOK Working Paper 2019-5 version]
Endogenous Uncertainty and Monetary Policy, Macroeconomic Dynamics, Vol.28, Issue 2, with Shinhyuck Kang
Macroeconomic Impacts of COVID-19 and Universal Transfer Programs: The Case of Korea, Global Economic Review, Vol.51, Issue.4, 2022
External Information and Fiscal Multipliers, Korean Economic Review, Vol.39, No.2, with Byung Ho Lee
Central Bank Credibility and Monetary Policy, International Journal of Central Banking, Vol.19, Num2, 2023.
[Journal Link] [BOK Working Paper 2018-45 version]
The Excess Sensitivity of Long-term Interest rates and Central Bank Credibility, Economic Modelling, Vol.106, Jan., 2022.
[DOI] [BOK Working Paper 2020-29 version]
Identifying Government Spending Shocks and Multipliers in Korea , Journal of Asian Economics, Vol.76, Oct., 2021, with Eun kyung Lee
[DOI] [BOK Working Paper 2019-22 version] [Korean Fiscal News Shocks (1991-2018, monthly)]
Inflation Persistence in Korea, Economic Analysis (경제분석), 2012, with Taejung Kim and Kumhwa Oh, Vol.18, No.3, in Korean
Work in Progress
Heterogeneity in Inflation Expectations: the Role of Heterogeneous Consumption Basket (with Yongquan Cao (IMF), and Ting Lan (IMF))
EME business cycles and spillover
Climate related macroprudential policy
Natural Yield Curve in Korea (with Kyeongtak Do (BOK))
Demographic Changes and Fiscal Space
Presentations
2024 Korea’s Allied Economic Associations Annual Meeting
2023 Korea University
2022 Yonsei University, Korea University, Korean Econometric Society Macro Research Meeting
2021 Korea Labor Institute
2020 Korean Economic Review International Conference, FMA Conference
2019 Yonsei University, Royal Economic Society conference (Warwick), Korea Institute for Defense Analyses, Chonnam National University
2018 Marquette University, Bank of Korea, Korea Capital Market Institute, Seoul National University
2017 Fall Midwest Macro Meeting (University of Pittsburgh)
2017 Spring Midwest Macro Meeting (Louisiana State University)
2016 Jordan River Conference (Indiana University Bloomington)
Discussions
2021 Asian Research Network Workshop, Korea's Allied Economic Associations Annual Meeting, KFA-KFI seminar
2019 BOK International Conference