Publications

• The effects of demand and supply shocks on income inequality and price heterogeneity: evidence from Korea (with Kwangwon Lee and Geunhyung Yim)

  • Journal of Applied Economics, 28(1), 2025.

  • BOK WP 2022-6

• Household Debt and Income Inequality in South Korea (with Soohyon Kim)

  • Global Economic Review, 53(3), 191-211, 2024.

  • BOK WP 2023-23 

• Real Business Cycles in Emerging Countries: Are Asian Business Cycles Different from Latin American Business Cycles? (with Soyoung Kim)

• Journal of International Money and Finance, 129, 102726, 2022.

• BOK WP 2021-11

Working Papers

• The Effects of Monetary Policy Shocks on Inflation Heterogeneity: The Case of Korea (with Kwangwon Lee and Geunhyung Yim)

  • BOK WP 2023-21, submitted

• Demographic Shifts and the Real Interest Rate in an Open Economy: The Case of Korea(with Jae Won Lee and Woong Yong Park)

  • BOK WP 2025-12

Policy Papers

• Impact of Super-Aging on the Monetary Policy Environment: Implication for Koirea (with Jae Won Lee, In Do Hwang, Hun Jang, Boreum Kwak, Yeil Lee, Wooseok Kim)

  • Chapter 3 in Korea Economic Outlook(May 2025)

• Lowest-Low Fertility and Super-Aged Society: Cause and Impacts of the Extreme Population Structure, and Policy Options (with In Do Hwang, Yunmi Nam, Won Sung, Shim Seri, Jiin Yeom, Harim Lee, Byongju Lee, Jongwoo Chung, Tae Hyoung Cho, Young Jun Choi, and Minkyu Son)

  • Chapter 3 in Korea Economic Outlook(November 2023)

• 우리나라의 인구고령화와 소득불평등 (손민규 공저)

  • BOK Issue Note 2023-18

• 연령대별 고용여건 점검 및 향후 전망 (이흥후, 남민호 공저)

  • BOK Issue Note 2015-5

Work-In-Progress

• Uncertainty Shocks and Natural Interest Rates

• Investment Shocks and Economic Fluctuations in Emerging Economies (with Soyoung Kim)

• Trend Shocks and Real Exchange Rate Puzzle

• Bubble Responses to Monetary Policy Shocks in Emerging Markets