Zobrazeno 1 - 10
of 22
pro vyhledávání: '"Choongryul Yang"'
Autor:
Hyunseung Ohy1 hyunseung.oh@frb.gov, Choongryul Yang1 choongryul.yang@frb.gov, Chamna Yoon2 chamna.yoon@snu.ac.kr
Publikováno v:
Working Papers: U.S. Federal Reserve Board's Finance & Economic Discussion Series. Feb2024, p1-40. 40p.
Autor:
Taeyoung Doh1 Taeyoung.Doh@kc.frb.org, Choongryul Yang2 choongryul.yang@frb.gov
Publikováno v:
Working Papers Series (Federal Reserve Bank of Kansas City). 12/22/2023, Issue 23-16, p1-53. 53p.
Publikováno v:
Working Papers: U.S. Federal Reserve Board's Finance & Economic Discussion Series; Jul2024, Preceding p1-53, 54p
Publikováno v:
Finance and Economics Discussion Series. :1-50
We study the role of homeownership in the effectiveness of monetary policy on households' expectations. Empirically, we find that homeowners revise down their near-term inflation expectations and their optimism about future labor market conditions in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::20f6f7acc755595cdbe80e1ba614f6ec
https://doi.org/10.17016/feds.2022.065
https://doi.org/10.17016/feds.2022.065
Rational inattention, menu costs, and multi-product firms: Micro evidence and aggregate implications
Autor:
Choongryul Yang
Publikováno v:
Journal of Monetary Economics. 128:105-123
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bf938a98b3524b650d092f07aa33dc78
https://doi.org/10.1016/j.jmoneco.2022.04.004
https://doi.org/10.1016/j.jmoneco.2022.04.004
Publikováno v:
Journal of Monetary Economics. 119:40-57
The 2006–09 US housing crisis had scarring local effects. For a given county, a housing shock generating a 10% reduction in housing wealth from 2006 through 2009 led to a 4.4% decline in employment by 2018 and a commensurate decline in value added.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::55c817d0ecd0db49e3c7278f4636776b
https://doi.org/10.1016/j.jmoneco.2021.02.001
https://doi.org/10.1016/j.jmoneco.2021.02.001
Publikováno v:
Finance and Economics Discussion Series. 2021:1-47
We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly tied to how much inflation it generates, which in turn hinges on monetary-fiscal adjustments that ultimately finance the transfers. W
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::95ba3c494212b25ca6aaa0973c4af93b
https://doi.org/10.17016/feds.2021.013
https://doi.org/10.17016/feds.2021.013
Publikováno v:
Federal Reserve Bank of Richmond Working Papers. 19:1-38
We show that the housing wealth collapse of 2006-09 had a persistent impact on employment across US counties. In particular, localities that had a larger loss in housing net-worth during that period had more depressed employment as late as 2016, with
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a183bdd3d7283bb10ad7074338a99012
https://doi.org/10.21144/wp19-07
https://doi.org/10.21144/wp19-07
Publikováno v:
Working Papers: U.S. Federal Reserve Board's Finance & Economic Discussion Series; May2022, p1-69, 69p
Autor:
Hassan Afrouzi, Choongryul Yang
Publikováno v:
SSRN Electronic Journal.
We develop a fast, tractable, and robust method for solving the transition path of dynamic rational inattention problems in linear-quadratic-Gaussian settings. As an application of our general framework, we develop an attention-driven theory of dynam
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c702f04b559ed5c8082d4e8cdedff627
https://doi.org/10.2139/ssrn.3770462
https://doi.org/10.2139/ssrn.3770462