Peer-Reviewed Publications

• "Welfare Cost of Inflation, When Credit Card Transactions Services Are Included among Monetary Services," with William A. Barnett, Studies in Nonlinear Dynamics & Econometrics, 2023, 28(3), 463-479. https://doi.org/10.1515/snde-2022-0092 

• "Forecasting Inflation and Output Growth with Credit-Card-Augmented Divisia Monetary Aggregates," with William A. Barnett, Journal of Forecasting, 2023, 42(2), 331-346. https://doi.org/10.1002/for.2910 

• "The Barnett Critique," with William A. Barnett and Hyun Park, Encyclopedia, 2021, 1(3), 964-973,  https://doi.org/10.3390/encyclopedia1030073. In "Encyclopedia of Social Sciences," edited by Chia-Lin Chang, Michael McAleer, and Philip Hans Franses.

Working Papers

• "The Role of Broad Money: Tracking Economic Signals," (with Hyun Park) (Revise & Resubmit)

• "Cryptocurrencies and Stock Market: Analyzing Substitutability and Price Dynamics,"

Work In Progress

• "Testing for Weak Separability of Credit Card Services from Monetary Assets," (with William A. Barnett and Hyun Park)

• "The Impact of Financial Digitalization on Monetary Velocity,"

• "Aid Volatility and Macro Stability in Developing Economies,"

• "Constructing Divisia Monetary Aggregates: The Case of South Korea," (with Hyun Park)

• "Internalizing New Monetary Aggregates to Overlapping Generations Model," (with Hyun Park)

• "Cold Spikes, Hot Prices: The Impact of Sudden Temperature Shifts on Natural Gas Markets," (with Glenn Hsu, Jubelqui Miramontes, and Zhen Zhu)

• "Central Bank Digital Currency and Monetary Policy Transmission in Developing Economies,"

• "Development of Divisia Monetary Aggregates and Its Applications,"