Byoungchan Lee
Assistant Professor
Department of Economics
Hong Kong University of Science and Technology
Curriculum Vitae: (PDF)
Contact: bclee@ust.hk
Publications
"Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends under Incomplete Markets," conditionally accepted for publication in American Economic Journal: Macroeconomics. (PDF, Online Appendix, Code without PSID Extracts, PSID Data Repository).
"Business Cycles with Cyclical Returns to Scale," (with Jay Hyun and Ryan Kim), 2024. International Economic Review 65(1), 253-282. Link (PDF, Online Appendix, Code, SSRN).
"Wealth Inequality and Endogenous Growth," 2023. Journal of Monetary Economics 133 (Carnegie-Rochester-NYU Conference Issue), 132-148. Link (PDF, Online Appendix, Code without PSID Extracts, PSID Data Repository).
"A Guide to Autoregressive Distributed Lag Models for Impulse Response Estimations," (with ChaeWon Baek), 2022. Oxford Bulletin of Economics and Statistics 84(5), 1101-1122. Link (PDF, Online Appendix, Code).
"Forecast Error Variance Decompositions with Local Projections," (with Yuriy Gorodnichenko), 2020. Journal of Business & Economic Statistics 38(4), 921-933. Link (PDF, Online Appendix, Code, NBER, SSRN).
Work in Progress
"Diagnostic Expectations in Housing Price Dynamics," (with Zhenghua Qi).
"Consumption and Labor Wedges and Inequality since the 1980s."
Other Papers
"Rethinking Fiscal and Monetary Policy for the New Economy," (with Haroon Bhorat, Heather Boushey, Kimberly Clausing, Alex Cobham, Era Dabla-Norris, Diana Farrell, Alicia García-Herrero, Ugo Gentilini, Vishal Gujadhur, Karen Harris, Nora Lustig, Min-Lan Tan, Rain Newton-Smith, Ning Zhu, Raghuram G. Rajan, Bharat Ramamurti, Paul Sheard, Lutfey Siddiqi, and Guillaume Hingel), 2021. Building Back Broader: Policy Pathway to Economic Transformation (a white paper by Global Future Council on the New Agenda for Fiscal and Monetary Policy, World Economic Forum), 7-15. (PDF, SSRN).