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Byoungchan Lee

Personal Details

First Name:Byoungchan
Middle Name:
Last Name:Lee
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RePEc Short-ID:ple1178
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http://sites.google.com/view/bclee

Affiliation

Department of Economics
Business School
Hong Kong University of Science and Technology (HKUST)

Kowloon, Hong Kong
http://www.bm.ust.hk/~econ/
RePEc:edi:deusthk (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Jay Hyun & Ryan Kim & Byoungchan Lee, 2022. "Business Cycles with Cyclical Returns to Scale," ISER Discussion Paper 1178, Institute of Social and Economic Research, The University of Osaka.
  2. Byoungchan Lee, 2020. "Business Cycles and Earnings Inequality," HKUST CEP Working Papers Series 202001, HKUST Center for Economic Policy.
  3. Gorodnichenko, Yuriy & Lee, Byoungchan, 2020. "Forecast Error Variance Decompositions with Local Projections," Department of Economics, Working Paper Series qt8w31z6qx, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  4. Gorodnichenko, Yuriy & Lee, Byoungchan, 2017. "A Note on Variance Decomposition with Local Projections," Department of Economics, Working Paper Series qt8878h9r2, Department of Economics, Institute for Business and Economic Research, UC Berkeley.

Articles

  1. Byoungchan Lee, 2025. "Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends under Incomplete Markets," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(1), pages 414-442, January.
  2. Jay Hyun & Ryan Kim & Byoungchan Lee, 2024. "Business Cycles With Cyclical Returns To Scale," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(1), pages 253-282, February.
  3. Lee, Byoungchan, 2023. "Wealth Inequality and Endogenous Growth," Journal of Monetary Economics, Elsevier, vol. 133(C), pages 132-148.
  4. ChaeWon Baek & Byoungchan Lee, 2022. "A Guide to Autoregressive Distributed Lag Models for Impulse Response Estimations," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(5), pages 1101-1122, October.
  5. Yuriy Gorodnichenko & Byoungchan Lee, 2020. "Forecast Error Variance Decompositions with Local Projections," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 38(4), pages 921-933, October.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Byoungchan Lee, 2020. "Business Cycles and Earnings Inequality," HKUST CEP Working Papers Series 202001, HKUST Center for Economic Policy.

    Cited by:

    1. Thomas Blanchet & Léon Mouillet & Emmanuel Saez & Gabriel Zucman, 2022. "Real-Time Inequality," NBER Working Papers 30229, National Bureau of Economic Research, Inc.

  2. Gorodnichenko, Yuriy & Lee, Byoungchan, 2020. "Forecast Error Variance Decompositions with Local Projections," Department of Economics, Working Paper Series qt8w31z6qx, Department of Economics, Institute for Business and Economic Research, UC Berkeley.

    Cited by:

    1. Moench, Emanuel & Soofi-Siavash, Soroosh, 2022. "What moves treasury yields?," Journal of Financial Economics, Elsevier, vol. 146(3), pages 1016-1043.
    2. Diego R. Känzig & Maximilian Konradt, 2024. "Climate Policy and the Economy: Evidence from Europe’s Carbon Pricing Initiatives," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(3), pages 1081-1124, September.
    3. Lodge, David & Manu, Ana-Simona, 2022. "EME financial conditions: Which global shocks matter?," Journal of International Money and Finance, Elsevier, vol. 120(C).
    4. Christis Katsouris, 2023. "Structural Analysis of Vector Autoregressive Models," Papers 2312.06402, arXiv.org, revised Feb 2024.
    5. Gertjan Vlieghe, 2025. "Core strength: international evidence on the impact of energy prices on core inflation," Economica, London School of Economics and Political Science, vol. 92(366), pages 406-419, April.
    6. Mario Alloza & Jesús Gonzalo & Carlos Sanz, 2025. "Dynamic Effects of Persistent Shocks," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 40(4), pages 380-394, June.
    7. Martin Groiss & Nicolas Syrichas, 2025. "Monetary Policy, Property Prices and Rents: Evidence from Local Housing Markets," Berlin School of Economics Discussion Papers 0058, Berlin School of Economics.
    8. Nadav Ben Zeev & Daniel Nathan, 2023. "Shorting the Dollar When Global Stock Markets Roar: The Equity Hedging Channel of Exchange Rate Determination," Working Papers 2315, Ben-Gurion University of the Negev, Department of Economics.
    9. Cloyne, James S. & Hürtgen, Patrick & Taylor, Alan M., 2022. "Global monetary and financial spillovers: Evidence from a new measure of Bundesbank policy shocks," Discussion Papers 34/2022, Deutsche Bundesbank.
    10. Grzegorz Wesołowski & Oleg Gurshev, 2025. "US macroeconomic shocks and international business cycle," Working Papers 2025-06, Faculty of Economic Sciences, University of Warsaw.
    11. Jakub Mućk & Łukasz Postek, 2025. "Supply shortages and inflation in Europe," Economica, London School of Economics and Political Science, vol. 92(366), pages 420-456, April.
    12. Fusari, Francesco & Marlow, Joe & Volpicella, Alessio, 2026. "Estimation and inference of the forecast error variance decomposition for set-identified SVARs," Journal of Econometrics, Elsevier, vol. 255(C).
    13. Dong, Ding & Liu, Zheng & Wang, Pengfei, 2025. "Turbulent business cycles," Journal of Monetary Economics, Elsevier, vol. 155(C).
    14. Andrea Gazzani & Filippo Natoli, 2026. "The macroeconomic effects of AI technology shocks," Temi di discussione (Economic working papers) 1542, Bank of Italy, Economic Research and International Relations Area.
    15. Gabriel, Ricardo Duque & Klein, Mathias & Pessoa, Sofia, 2022. "The Political Costs of Austerity," Working Paper Series 418, Sveriges Riksbank (Central Bank of Sweden).
    16. Adolfsen, Jakob Feveile & Lappe, Marie-Sophie & Manu, Ana-Simona & Rößler, Denise & Schupp, Fabian & Stalla-Bourdillon, Arthur, 2026. "Gas market shocks: tracing the effect on euro area inflation expectations," Working Paper Series 3227, European Central Bank.
    17. Jakub Mućk & Łukasz Postek, 2023. "Supply chains shocks and inflation in Europe," KAE Working Papers 2023-094, Warsaw School of Economics, Collegium of Economic Analysis.
    18. Andrea Gazzani & Joseba Martinez & Filippo Natoli & Paolo Surico, 2026. "The public origins of American innovation," Temi di discussione (Economic working papers) 1521, Bank of Italy, Economic Research and International Relations Area.
    19. Lof, Matthijs & Nyberg, Henri, 2024. "Discount rates and cash flows: A local projection approach," Journal of Banking & Finance, Elsevier, vol. 162(C).
    20. Philippe Goulet Coulombe & Karin Klieber, 2025. "Opening the Black Box of Local Projections," Papers 2505.12422, arXiv.org, revised Jul 2025.
    21. ChaeWon Baek & Byoungchan Lee, 2022. "A Guide to Autoregressive Distributed Lag Models for Impulse Response Estimations," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(5), pages 1101-1122, October.
    22. Arisa Chantaraboontha, 2025. "Measuring the Spillovers of US Unconventional Surprises across Monetary Conditions with Local Projections," ISER Discussion Paper 1276, Institute of Social and Economic Research, The University of Osaka.
    23. Simona Bigerna & Maria Chiara D'Errico & Paolo Polinori & Paul Simshauser, 2024. "Net-Zero Policy vs Energy Security: The Impact on GCC Countries," The Energy Journal, , vol. 45(1_suppl), pages 133-164, November.
    24. Platitas, Reizle Jade C. & Ocampo, Jan Christopher G., 2025. "From bottlenecks to inflation: Impact of global supply-chain disruptions on inflation in select Asian economies," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 6(1).
    25. Rogers, John & Sun, Bo & Wu, Wenbin, 2025. "Drivers of the global financial cycle," Journal of International Economics, Elsevier, vol. 156(C).
    26. Anderl, Christina & Nava, Alessandro, 2026. "Oil on the water: How shipping cost pressures shape the inflationary effects of oil shocks," Economics Letters, Elsevier, vol. 266(C).
    27. Brianti, Marco & Cormun, Vito, 2024. "Expectation-driven boom-bust cycles," Journal of Monetary Economics, Elsevier, vol. 146(C).
    28. Marco Flaccadoro & Tiziano Ropele, 2026. "Asymmetric monetary policy transmission across euro-area manufacturing industries," Temi di discussione (Economic working papers) 1535, Bank of Italy, Economic Research and International Relations Area.
    29. Arisa Chantaraboontha, 2025. "Measuring the Effects of US Unconventional Monetary Policy Surprises on Exchange Rates across Monetary Conditions," ISER Discussion Paper 1276r, Institute of Social and Economic Research, The University of Osaka, revised Sep 2026.
    30. Barry K. Goodwin & Giorgia Rivieccio & Giovanni De Luca & Fabian Capitanio, 2024. "Computing impulse response functions from a copula-based vector autoregressive model: evidence from the italian agri-food value chain," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(2), pages 1779-1797, April.
    31. Klieber, Karin & Coulombe, Philippe Goulet, 2025. "Opening the black box of local projections," Working Paper Series 3105, European Central Bank.
    32. Lodge, David & Manu, Ana-Simona & Van Robays, Ine, 2024. "China's footprint in global financial markets," BOFIT Discussion Papers 1/2024, Bank of Finland Institute for Emerging Economies (BOFIT).
    33. Nadav Ben Zeev & Daniel Nathan, 2023. "The Persistent Widening of Cross-Currency Basis: When Increased FX Swap Demand Meets Limits of Arbitrage," Working Papers 2316, Ben-Gurion University of the Negev, Department of Economics.
    34. Christian Gourieroux & Quinlan Lee, 2025. "Identification of Impulse Response Functions for Nonlinear Dynamic Models," Papers 2506.13531, arXiv.org, revised Jul 2025.
    35. Bigerna, Simona & D'Errico, Maria Chiara & Polinori, Paolo & Simshauer, Paul, 2022. "Renewable energy and portfolio volatility spillover effects of GCC oil exporting countries," MPRA Paper 114164, University Library of Munich, Germany.
    36. Mikkel Plagborg-Møller & Christian K. Wolf, 2021. "Instrumental Variable Identification of Dynamic Variance Decompositions," Working Papers 2021-40, Princeton University. Economics Department..
    37. Miles, William & Zhu, Xiaoyang, 2023. "Housing and the changing impact of monetary policy," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 587-603.
    38. Chen, Yong & Fang, Jing & Liu, Dingming, 2023. "The effects of Trump’s trade war on U.S. financial markets," Journal of International Money and Finance, Elsevier, vol. 134(C).
    39. Marthe Mareels, 2026. "The Long-Run Effects of Temporary Oil Supply Disruptions: Evidence for Hysteresis in European Countries," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 26/1147, Ghent University, Faculty of Economics and Business Administration.
    40. David Finck & Peter Tillmann, 2022. "Pandemic Shocks and Household Spending," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(2), pages 273-299, April.

  3. Gorodnichenko, Yuriy & Lee, Byoungchan, 2017. "A Note on Variance Decomposition with Local Projections," Department of Economics, Working Paper Series qt8878h9r2, Department of Economics, Institute for Business and Economic Research, UC Berkeley.

    Cited by:

    1. Colin Weiss, 2020. "Contractionary Devaluation Risk: Evidence from the Free Silver Movement, 1878-1900," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 705-720, October.
    2. Beckmann, Joscha & Comunale, Mariarosaria, 2021. "Exchange rate fluctuations and the financial channel in emerging economies," BOFIT Discussion Papers 11/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
    3. Mariarosaria Comunale, 2019. "An Investigation of the Exchange Rate Pass-Through in the Baltic States," Bank of Lithuania Discussion Paper Series 13, Bank of Lithuania.
    4. Chi-Young Choi & Alexander Chudik, 2019. "Estimating Impulse Response Functions When the Shock Series Is Observed," Globalization Institute Working Papers 353, Federal Reserve Bank of Dallas.
    5. Lennard, Jason, 2018. "Uncertainty and the Great Slump," Lund Papers in Economic History 170, Lund University, Department of Economic History, revised 14 May 2019.
    6. Balduzzi, Pierluigi & Brancati, Emanuele & Brianti, Marco & Schiantarelli, Fabio, 2020. "Populism, Political Risk and the Economy: Lessons from Italy," IZA Discussion Papers 12929, IZA Network @ LISER.
    7. Lee, Min Gyu, 2026. "The macroeconomic impact of fiscal policies reflecting state dependency: The case of Korea," Japan and the World Economy, Elsevier, vol. 77(C).
    8. Ben Zeev, Nadav, 2019. "Global credit supply shocks and exchange rate regimes," Journal of International Economics, Elsevier, vol. 116(C), pages 1-32.
    9. Ziegenbein, Alexander, 2021. "Macroeconomic shocks and Okun’s Law," Economics Letters, Elsevier, vol. 202(C).
    10. Barnichon, Regis & Mesters, Geert, 2021. "The Phillips multiplier," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 689-705.
    11. Ilut, Cosmin & Saijo, Hikaru, 2021. "Learning, confidence, and business cycles," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 354-376.
    12. Antoine Levy & Mr. Luca A Ricci & Alejandro M. Werner, 2020. "The Sources of Fiscal Fluctuations," IMF Working Papers 2020/220, International Monetary Fund.
    13. Enders, Zeno & Maruhn, Franziska & Müller, Gernot J., 2021. "Firm expectations and economic activity," Working Paper Series 2621, European Central Bank.
    14. Lodge, David & Manu, Ana-Simona, 2019. "EME financial conditions: which global shocks matter?," Working Paper Series 2282, European Central Bank.
    15. Adam Golinski & Sophie Guilloux-Nefussi & Jean-Paul Renne, 2025. "The Shadow Rate Model: Let’s Make it Real!," Working papers 1014, Banque de France.

Articles

  1. Byoungchan Lee, 2025. "Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends under Incomplete Markets," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(1), pages 414-442, January.

    Cited by:

    1. Jordan Roulleau-Pasdeloup, 2025. "Explicit Consumption Functions with Borrowing Constraints: a Continuous Time Approach," Papers 2511.03452, arXiv.org.
    2. Roulleau-Pasdeloup, Jordan, 2026. "Explicit consumption functions with borrowing constraints: A continuous-time approach," Journal of Monetary Economics, Elsevier, vol. 159(C).
    3. Jordan Roulleau-Pasdeloup, 2026. "The Response of Consumption to Interest Rates with Borrowing Constraints: An Analytical Approach," Papers 2609.09888, arXiv.org.

  2. Lee, Byoungchan, 2023. "Wealth Inequality and Endogenous Growth," Journal of Monetary Economics, Elsevier, vol. 133(C), pages 132-148.

    Cited by:

    1. Gomes Orlando, 2024. "Economic Growth in the Age of Ubiquitous Threats: How Global Risks are Reshaping Growth Theory," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-15, January.
    2. Chroufa, Mohamed Ali & Chtourou, Nouri, 2023. "Financial development threshold effect on wealth inequality-economic growth nexus: Evidence from MENA economies," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    3. Peng, Hui & Ying, Huanqin & Wang, Xuerui & Lu, Yaobin & Wang, Shouyang, 2025. "Gains or losses: Can grassland ecological compensation policy alleviate the decoupling of welfare from wealth?," Structural Change and Economic Dynamics, Elsevier, vol. 74(C), pages 538-555.
    4. Steenbrink, Rachel & Skali, Ahmed, 2026. "Wealth inequality and economic growth: Evidence from the World Inequality Database," World Development, Elsevier, vol. 199(C).

  3. ChaeWon Baek & Byoungchan Lee, 2022. "A Guide to Autoregressive Distributed Lag Models for Impulse Response Estimations," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(5), pages 1101-1122, October.

    Cited by:

    1. José Luis Montiel Olea & Mikkel Plagborg-Møller & Eric Qian & Christian K. Wolf, 2025. "Local Projections or Vector Autoregressions? A Primer for Macroeconomists," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, pages 111-152, National Bureau of Economic Research, Inc.
    2. Mariam Camarero & Josep Lluís Carrión-i-Silvestre & Cecilio Tamarit, 2024. "Current account determinants in a globalized world," Working Papers 2410, Department of Applied Economics II, Universidad de Valencia.
    3. Anastasia Spyridou & Efstathios Polyzos & Aristeidis Samitas, 2025. "Green assets are not so green: assessing environmental outcomes using machine learning and local projections," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-38, December.
    4. Ho, Paul & Lubik, Thomas A. & Matthes, Christian, 2024. "Averaging impulse responses using prediction pools," Journal of Monetary Economics, Elsevier, vol. 146(C).

  4. Yuriy Gorodnichenko & Byoungchan Lee, 2020. "Forecast Error Variance Decompositions with Local Projections," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 38(4), pages 921-933, October.
    See citations under working paper version above.

More information

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Statistics

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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 3 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-ECM: Econometrics (2) 2017-12-03 2021-04-19. Author is listed
  2. NEP-DGE: Dynamic General Equilibrium (1) 2022-08-08. Author is listed
  3. NEP-MAC: Macroeconomics (1) 2017-12-03. Author is listed

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