Associate Professor
School of Economics, Yonsei University
Embedded Files
Working Papers
Working Papers
Conditional Accept at American Economic Journal: Macroeconomics
Tax Cuts by Occupation: Entrepreneurs vs. Workers with Myeongju Kim
Updated May 2026
AI and Human Capital Accumulation: Aggregate and Distributional Implications with Yang K. Lu
Updated April 2026
Attention-Dependent Monetary Transmission to Household Beliefs with Jaemin Jeong and Choongryul Yang
Updated June 2026
Inflation Indexation and Zero Lower Bound with Daeha Cho
Revise and Resubmit
A Bewley Model of Asset Pricing with Dong-Hyun Ahn and Hwagyun(Hagen) Kim
Updated September 2023
Selected Publications (including accepted papers)
Selected Publications (including accepted papers)
Designing Optimal Progressive Taxation under Hours Constraints with Kitae Cho
Journal of Economic Dynamics and Control, 2026.
Intensive and Extensive Margins of Labor Supply in HANK: Aggregate and Disaggregate Implications
Journal of Money, Credit and Banking, 2025.
Monetary Policy and Inequality: How Does One Affect the Other?
International Economic Review, 2023. Top Cited Article 2022-2023.
The Heterogeneous Welfare Effects of Business Cycles with Daeha Cho
European Economic Review, 2023.
Real Wage Rigidity, Heterogeneity, and the Business Cycles
Macroeconomic Dynamics, 2021.
Homeownership and Housing Transitions: Explaining the Demographic Composition with Sarah Zubairy
International Economic Review, 2021.
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, 2021.
The Heterogeneous Responses of Consumption between Poor and Rich to Government Spending Shocks
Journal of Money, Credit and Banking, 2019.
Work in Progress
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
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