A previous version circulated under the title “A Note on Variance Decomposition with Local Projections,” NBER Working Paper No. 23998, November 2017.
"Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends under Incomplete Markets." (PDF).
Previous versions circulated under the titles “Model Selection and Impulse Responses with Single Equation Regressions” and “ABCs of Understanding Single Equation Regressions.”
"A Three-Factor Model of the Earnings Distribution." (PDF).
Work in Progress
"Endogenous Wedges in the Aggregate Euler Equation due to Wealth Inequality."
Publication in Korean
"A Dynamic Analysis of Income Composition and Transition in Korea," (with Jae-Young Kim), 2013. Korean Economic Journal (경제논집) 52(2), 119-144.