Education

Ph.D. in Economics – University of California, Riverside

B.A. in Economics – Hanyang University

Working Papers

1. “The Effects of Labor Supply and Supply Chain Uncertainty on Wages and Prices,” with Qian Li, Sanha Noh, and Sungjun Huh, 2024. 

2. “Is the Recent Housing Market Dynamics Distinguishable from the Dynamics of the 2000s?” with Sanha Noh, 2024. 

Publications

1. “Financial Frictions, Monetary Policy, and the Term Premium” with Sungjun Huh, forthcoming,  Macroeconomic Dynamics. 

2. “Loan-to-Value Ratio and Uncertainty,” with Sanha Noh, forthcoming, Applied Economics Letters. 

3. “Implications of Collateral Constraints for the Term Premium” with Sungjun Huh,  Applied Economics Letters, September 2024, pp. 1599-1607.

4. “Real Estate and Relative Risk Aversion with Generalized Recursive Preferences,” with Sungjun Huh,  Journal of Macroeconomics, 2021, vol. 68.  download  appendix

5.  “Incomplete Price Adjustment and Inflation Persistence,” with Marcelle Chauvet,  Journal of Money, Credit, and Banking, 2021, vol. 53(6). (Formerly circulated as "Microfoundations of Inflation Persistence in the New Keynesian Phillips Curve")  download   

6. “Growth Forecast Revisions over Business  Cycles: Evidence from the Survey of Professional Forecasters,” with Sungjun Huh, Economics Letters,  2020, vol 196. download 

7. “Inattentive Agents and Inflation Forecast Error Dynamics: A Bayesian DSGE Approach,”  with Young Se Kim, Journal of Macroeconomics, 2019, vol. 62. download

8. “Evaluation of the New Keynesian Phillips Curve: Evidence from the Euro Area and United States,” Applied Economics Letters, 2018, vol. 25. download 

9. “Assessment of Hybrid Phillips Curve Specifications,” with Marcelle Chauvet and Joonyoung Hur, Economics Letters, 2017, vol. 156. download 

10. “Inattentive Agents and Disagreement about Economic Activity,” with Joonyoung Hur, Economic Modelling, 2017, vol. 63. download 

11. “Information Rigidities in Survey Data: Evidence from Dispersions in Forecasts and Forecast Revisions,” with Joonyoung Hur, Economics Letters, 2016, vol. 142. download 

12. “Trend Inflation, Firm’s Backward-looking Behavior, and Inflation Gap Persistence,” with Myung-Soo Yie, Economic Modelling, 2016, vol. 58. download 

13.  “Unemployment and Optimal Monetary Policy,”  with  Myung-Soo Yie, Journal of Money and Finance,  2015, vol. 29(3). (in Korean)