Working Papers
Updated January 2024
Housing Market Connectedness and Transmission of Monetary Policy with Woo Suk Lee
Updated August 2023
Gini in the Taylor Rule: Should the Fed Care About Inequality? with Kwangyong Park
Updated June 2023
Real Wage Cyclicality and Monetary Policy
Updated September 2023
A Bewley Model of Asset Pricing with Dong-Hyun Ahn and Hwagyun(Hagen) Kim
Updated September 2023
Publications (including accepted papers)
Intensive and Extensive Margins of Labor Supply in HANK: Aggregate and Disaggregate Implications
Forthcoming at Journal of Money, Credit and Banking
Monetary Policy and Inequality: How Does One Affect the Other?
International Economic Review, May 2023, 64(2).
The Heterogeneous Welfare Effects of Business Cycles with Daeha Cho
European Economic Review, April 2023, 153.
Real Wage Rigidity, Heterogeneity, and the Business Cycles
Macroeconomic Dynamics, October 2021, 25(7).
Homeownership and Housing Transitions: Explaining the Demographic Composition with Sarah Zubairy
International Economic Review, May 2021, 62(2).
Entrepreneurship and Income Distribution Dynamics: Why Is the Income Share of Top Income Earners Acyclical over the Business Cycle? with Noh-Sun Kwark
International Economic Review, February 2021, 62(1).
The Heterogeneous Responses of Consumption between Poor and Rich to Government Spending Shocks
Journal of Money, Credit and Banking, October 2019, 51(7).
Work in Progress
Monetary Policy, Wealth Inequality, and Lifecycle Dynamics with Christian Bustamante and Heejeong Kim
The Macroeconomic Consequences of Government Consumption and Investment with Sarah Zubairy and Sunju Hwang
Tax Progressivity and Indexation