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

[5] Currency Misalignments and Optimal Capital Control (Sangheon Ahn, Jongsoo Kim& Kwang Hwan Kim)

[4] Self-Financing Deficits in Open Economies (with Jung Hyun Kim & Kwang Hwan Kim)

[3] Invoicing Currency and Optimal Policies in a Global Liquidity Trap  (with S Ahn, J Kim & KH Kim) 
R&R, Journal of Money, Credit and Banking

[2] Sticky Prices and Risk Markups 
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