Working Papers

An Anatomy of Sanctions: Geopolitics and Global Competition with Şebnem Kalemli-Özcan, Daisoon Kim (Draft Coming Soon)

Revisiting the Fertility Puzzle: A Dynamic Spatial Equilibrium Approach with Costas Arkolakis, Jaemin Woo, Hyunjoo Yang (Draft Coming Soon)

Macroprudential Policy Under Diagnostic Expectations with Taewoong Jo (Revise & Resubmit at Journal of International Economics)

 [Revised Draft] [SSRN WP][Slides] 

The Effect of a Large Scale Issuance of State-Owned Company Bonds on the Corporate Bond Markets with Taewoong Jo and Yoonsoo Lee

 [Draft]  [Slides] 

Firm-Level Investment Responses in an Open Economy: Does Domestic Monetary Policy Matter? with Yoonsoo Lee, Cheolwon Park (Draft Coming Soon)

Optimal Sterilized FX Intervention with Bada Han and Daeyoung Jung  (Draft Coming Soon)

Corporate-Sovereign Debt Nexus and Externalities 

[Revised Draft] is the theoretical part of my job market paper, distributed as a KIF Working Paper 2022-12.

[SSRN WP], [JMP Version] was covered by European Central Bank (Jan 28, 2021)

Distributional Consequences of a Higher Inflation Target with Donggyu Lee and Dohyeon Park

 [Draft Available upon Request] 

Selected Research In Progress

Population Aging and Fiscal Sustainability Under Sovereign Risk with Yun Jung Kim (Slides)

Optimal Monetary and Macroprudential Policy under Diagnostic Expectations with Jinwoon Yoon

Integrated Policy Framework with Housing Sector with Daeyoung Jung