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Unemployment risk, MPC heterogeneity, and business cycles
Cho, Daeha - In: Quantitative economics : QE ; journal of the … 14 (2023) 2, pp. 717-751
This paper uses an estimated Heterogeneous Agent New Keynesian (HANK) model to evaluate the quantitative importance of two channels in driving aggre- gate consumption fluctuations in the US: (i) precautionary savings against un- employment risk and (ii) MPC heterogeneity. I find that MPC...
Persistent link: https://www.econbiz.de/10014308595
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The paradox of price flexibility in an open economy
Cho, Daeha; Kim, Kwang Hwan; Kim, Suk Joon - In: Review of economic dynamics 51 (2023), pp. 370-392
Persistent link: https://www.econbiz.de/10014471850
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The source of uncertainty and optimal monetary policy
Cho, Daeha; Oh, Joonseok - In: Economics letters 227 (2023), pp. 1-5
Persistent link: https://www.econbiz.de/10014336109
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Leaning-against-the-wind : which policy and when?
Cho, Daeha; Mok, Junghwan; Shim, Myungkyu - In: The B.E. journal of macroeconomics 21 (2021) 1, pp. 125-150
Persistent link: https://www.econbiz.de/10012437714
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Financial frictions and the welfare effect of business cycles
Cho, Daeha; Kim, Kwang Hwan; Yi, Hye Rim - In: Applied economics letters 27 (2020) 20, pp. 1644-1651
Persistent link: https://www.econbiz.de/10012315731
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Inefficient international risk-sharing
Cho, Daeha; Kim, Kwang Hwan; Kim, Suk Joon - In: Journal of monetary economics 138 (2023), pp. 31-49
Persistent link: https://www.econbiz.de/10014487367
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The heterogeneous welfare effects of business cycles
Cho, Daeha; Ma, Eunseong - In: European economic review : EER 153 (2023), pp. 1-19
Persistent link: https://www.econbiz.de/10014430906
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Inefficient relative price fluctuations
Cho, Daeha; Kim, Kwang Hwan - In: Journal of economic dynamics & control 137 (2022), pp. 1-18
Persistent link: https://www.econbiz.de/10013464580
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Uncertainty shocks, precautionary pricing, and optimal monetary policy
Cho, Daeha; Han, Yoonshin; Oh, Joonseok; Rogantini … - In: Journal of macroeconomics 69 (2021), pp. 1-9
Persistent link: https://www.econbiz.de/10013274641
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신용공급 충격이 재화별 소비에 미치는 영향 (The Effects of Credit Supply Shocks on Durable and Nondurable Consumption)
Kim, Kwanghwan - 2017
Korean Abstract: 본고는 가계의 차입이 담보자산(내구재)에 의해 제약되는 two-sector 뉴케인지언 모형에서 신용공급 충격 (LTV 비율 충격)시 VAR 분석과 같이 소비재간(내구재 및 비내구재) 공행성 (comovement) 을 위해서는 모형에 임금...
Persistent link: https://www.econbiz.de/10012961439