Research

Working papers

How Responsive are Durables Expenditures to Transitory Income Shocks? with Christoph E. Boehm

Firm liquidity and the innovation channel of monetary policy

Rising Market Power and Corporate Tax Shocks with Sunju Hwang

Policy Studies

High Inflation and Consumption Stagnation: Focusing on the Relative Price between Income and Consumption with Kyu-Chul Jung

Press:  The JoongAng (in Korean)

Inflation Dynamics and Monetary Policy in an Aging Society: Focusing on Consumption Patterns 

How Does Monetary Policy Affect Consumption in Korea: Based on a Heterogenous Agent Model

Improving Government Support for Small and Medium-Sized Enterprises (SMEs) with Minho Kim and Seunghyup Lee

Press:  Seoul Economic Daily (in Korean)

Work in progress

Firm-Level Uncertainty and the Transmission of Corporate Tax Cuts with Sunju Hwang