We analyze the effects of present bias on the deficit and inflation when the government finances the deficit using a seigniorage tax. We also examine how introducing present bias affects the welfare implications of the deficit in the long run. For this, we consider a three-period monetary...

This paper investigates the dynamic impact of social distancing policy on coronavirus disease (COVID-19) infection control, mobility of people, and consumption expenditures in the Republic of Korea. We employ structural and threshold vector autoregressive (VAR) models using big-data-driven...

This article examines the effects of the health insurance coverage mandate for dependents on household financial portfolio decisions by focusing on the Affordable Care Act of 2010. Using the Survey of Income and Program Participation data, the author finds that the dependent coverage mandate...