Publications

[3] Optimal Trend Inflation in an Open Economy
with Daeha Cho, Jung Hyun Kim & Kwang Hwan Kim · Journal of Monetary Economics, 2025

[2] The Paradox of Price Flexibility in an Open Economy
with Daeha Cho & Kwang Hwan Kim · Review of Economic Dynamics, 2024

[1] Inefficient International Risk-Sharing
with Daeha Cho & Kwang Hwan Kim · Journal of Monetary Economics, 2023

Working Papers

[4] Currency Misalignments and Optimal Capital Control
with Sangheon Ahn, Jongsoo Kim & Kwang Hwan Kim

[3] Invoicing Currency and Optimal Policies in a Global Liquidity Trap
with Sangheon Ahn, Jongsoo Kim & Kwang Hwan Kim · R&R, JMCB

[2] Sticky Prices and Risk Markups  · NYU Best Third-Year Paper Award

[1] Gatekeeping Capital: A Search Framework for Capital Misallocation
with Saverio Spinella

Work in Progress

[2] Union Inflation and the Speed of Relative-Price Adjustment         Slides

[1] Should Monetary Policy Respond to Energy Shocks?
with Andres Blanco, Corina Boar, Callum Jones & Virgiliu Midrigan