Research
Papers - Macroeconomics and Finance
Do Cost-of-Living Shocks Pass Through to Wages? (with Justin Bloesch and Jake Weber)
- Draft.pdf, Slides.pdf, SSRN
- An AD-AS Framework with Quits and Wage Inflation: for Policymakers
- Executive Summary on Liberty Street Economics
Optimism, Net Worth Trap, and Asset Returns (with Goutham Gopalakrishna and Theofanis Papamichalis)
A Unified Theory of the Term-Structure and Monetary Stabilization (with Marc Dordal i Carreras)
Endogenous Firm Entry and the Supply-Side Effects of Monetary Policy (with Marc Dordal i Carreras and Zhenghua Qi)
[Updated!]Self-fulfilling Volatility and a New Monetary Policy (Job Market Paper) (with Marc Dordal i Carreras)
Higher-Order Forward Guidance (with Marc Dordal i Carreras)
The Spatial Transmission of U.S. Banking Panics: Evidence from 1870-1929 (with Marc Dordal i Carreras)
Papers - Contract Theory
A Proxy-Contract Based Approach to the First-Order Approach in Agency Models (with Jin Yong Jung and Son Ku Kim)
- Draft.pdf, Slides.pdf (Submitted)
Managerial Incentives, Financial Innovation, and Risk-Management Policies (with Son Ku Kim and Sheridan Titman)
Ignorance is Bliss: Ex-Ante vs. Ex-Post Information Systems in an Agency Model (with Jin Yong Jung and Son Ku Kim)
Work in Progress
A New Indeterminacy with Fluctuations in Volatility and Risk Premium (with Marc Dordal i Carreras)
Risky Growth with Short-Term Debt (with Artur Doshchyn)