Byoungchan Lee
Assistant Professor
Department of Economics
Hong Kong University of Science and Technology
Publications
"A Guide to Autoregressive Distributed Lag Models for Impulse Response Estimations," (with ChaeWon Baek), 2022. Oxford Bulletin of Economics and Statistics, 0305-9049. Link (PDF, Online Appendix, Code).
Previous versions circulated under the titles “Model Selection and Impulse Responses with Single Equation Regressions” and “ABCs of Understanding Single Equation Regressions.”
"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).
A previous version circulated under the title “A Note on Variance Decomposition with Local Projections,” NBER Working Paper No. 23998, November 2017.
Working Papers
"Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends under Incomplete Markets," revise and resubmit at American Economic Journal: Macroeconomics. (PDF, Online Appendix).
"Wealth Inequality and Endogenous Growth," in preparation for the Carnegie-Rochester-NYU Conference on Public Policy 2022. (PDF).
"Business Cycles with Cyclical Returns to Scale," (with Jay Hyun and Ryan Kim). (PDF, Online Appendix, SSRN).
This paper subsumes previous papers circulated under the titles "Price-Cost Markup Cyclicality: New Evidence and Implications'' and "Business Cycles with Input Complementarity."
"A Three-Factor Model of the Earnings Distribution." (PDF).
"Lag Order Selection in Local Projections." (PDF, Appendix, Fixed-b Table).
Work in Progress
"Diagnostic Expectations in Housing Price Dynamics," (with Zhenghua Qi).
"Endogenous Wedges in the Aggregate Euler Equation due to Wealth Inequality."
Publications 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.