Research

Working Paper

Asymmetric Effects of Personal Income Tax Changes on  Economic Activities: Increases, Cuts, and for Whom (Revise and Resubmit)

[paper]

Rising Market Power and Corporate Tax Shocks with Changseok Ma

[paper]

Macroeconomic Consequences of Government Consumption and Investment with Eunseong Ma and Sarah Zubairy (Draft Coming Soon)

Publications

Barriers to Black Entrepreneurship: Implications for Welfare and Aggregate Output over Time with Pedro Bento

Journal of Monetary Economics, March 2023. [published version] [pre-publication version]

Easier to Start, Harder to Succeed: Barriers to Black Entrepreneurship since the Great Recession with Pedro Bento

AEA Papers and Proceedings, May 2022. [published version]

Predictability of Term Spread for Economic Activity with Liquidity Premium Theory with Hahn S. Lee

Emerging Markets Finance and Trade, June 2016. [published version]

Work in Progress

Firm-Level Uncertainty and the Transmission of Corporate Tax Cuts with Changseok Ma 

Corporate Governance and Marginal Tax Cuts: The Influence of Institutional Investors  with Geumbi Park