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Jae Won Lee

Personal Details

First Name:Jae Won
Middle Name:
Last Name:Lee
Suffix:
RePEc Short-ID:ple247
https://sites.google.com/site/jwlee7
Terminal Degree:2008 Department of Economics; Princeton University (from RePEc Genealogy)

Affiliation

(66%) Division of Economics
Seoul National University

Seoul, South Korea
http://econ.snu.ac.kr/
RePEc:edi:desnukr (more details at EDIRC)

(34%) Institute for Economic Research
Division of Economics
Seoul National University

Seoul, South Korea
http://ier.snu.ac.kr/
RePEc:edi:iesnukr (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Software

Working papers

  1. Jae Won Lee & Woong Yong Park, 2020. "Solving Reduced-form Linear Rational Expectations," Working Paper Series no132, Institute of Economic Research, Seoul National University.
  2. Saroj Bhattarai & Jae Won Lee & Choongryul Yang, 2020. "Redistribution and the monetary–fiscal policy mix," CAMA Working Papers 2020-107, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  3. Saroj Bhattarai & Jae Won Lee & Choongryul Yang, 2020. "Redistribution and the Monetary-Fiscal Policy Mix," CESifo Working Paper Series 8779, CESifo.
  4. Saroj Bhattarai & Jae Won Lee & Woong Yong Park & Choongryul Yang, 2019. "Macroeconomic effects of capital tax rate changes," CESifo Working Paper Series 7630, CESifo.
  5. Carlos Viana de Carvalho & Niels Arne Dam & Jae Won Lee, 2014. "Real Rigidities and the Cross-Sectional Distribution of Price Stickiness: Evidence from Micro and Macro Data Combined," Textos para discussão 634, Department of Economics PUC-Rio (Brazil).
  6. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2013. "Price Indexation, Habit Formation, and the Generalized Taylor Principle," CAMA Working Papers 2013-52, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  7. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2013. "Optimal monetary policy in a currency union with interest rate spreads," Globalization Institute Working Papers 150, Federal Reserve Bank of Dallas.
  8. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2012. "Policy regimes, policy shifts, and U.S. business cycles," Globalization Institute Working Papers 109, Federal Reserve Bank of Dallas.
  9. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2012. "Inflation dynamics: the role of public debt and policy regimes," Globalization Institute Working Papers 124, Federal Reserve Bank of Dallas.
  10. Jae Won Lee, 2011. "Aggregate Implications of Heterogeneous Households in a Sticky-Price Model," Departmental Working Papers 201132, Rutgers University, Department of Economics.
  11. Carlos Carvalho & Jae Won Lee, 2011. "Sectoral price facts in a sticky-price model," Staff Reports 495, Federal Reserve Bank of New York.
  12. Jae Won Lee, 2010. "Heterogeneous Households in a Sticky Price Model," Departmental Working Papers 201001, Rutgers University, Department of Economics.
  13. Jae Won Lee, 2010. "Monetary Policy with Heterogeneous Households and Financial Frictions," Departmental Working Papers 201002, Rutgers University, Department of Economics.

Articles

  1. Carlos Carvalho & Jae Won Lee & Woong Yong Park, 2021. "Sectoral Price Facts in a Sticky-Price Model," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(1), pages 216-256, January.
  2. Lee, Jae Won & Park, Woong Yong, 2021. "System reduction of dynamic stochastic general equilibrium models solved by gensys," Economics Letters, Elsevier, vol. 199(C).
  3. Seula Kim & Jae Won Lee, 2020. "Sectoral Heterogeneity in Nominal Rigidities in Korea: Implications for Monetary Policy," Korean Economic Review, Korean Economic Association, vol. 36, pages 59-99.
  4. Carlos Carvalho & Niels Arne Dam & Jae Won Lee, 2020. "The Cross-Sectional Distribution of Price Stickiness Implied by Aggregate Data," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 162-179, March.
  5. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2016. "Policy Regimes, Policy Shifts, and U.S. Business Cycles," The Review of Economics and Statistics, MIT Press, vol. 98(5), pages 968-983, December.
  6. Bhattarai, Saroj & Lee, Jae Won & Park, Woong Yong, 2015. "Optimal monetary policy in a currency union with interest rate spreads," Journal of International Economics, Elsevier, vol. 96(2), pages 375-397.
  7. Bhattarai, Saroj & Lee, Jae Won & Park, Woong Yong, 2014. "Inflation dynamics: The role of public debt and policy regimes," Journal of Monetary Economics, Elsevier, vol. 67(C), pages 93-108.
  8. Bhattarai, Saroj & Lee, Jae Won & Park, Woong Yong, 2014. "Price indexation, habit formation, and the Generalized Taylor Principle," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 218-225.
  9. Jae Won Lee, 2014. "Monetary Policy with Heterogeneous Households and Imperfect Risk-Sharing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(3), pages 505-522, July.
  10. Jae Won Lee, 2012. "Aggregate Implications of Heterogeneous Households in a Sticky-Price Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 1-22, February.
  11. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2012. "Monetary-Fiscal Policy Interactions and Indeterminacy in Postwar US Data," American Economic Review, American Economic Association, vol. 102(3), pages 173-178, May.

Software components

  1. Jae Won Lee, 2013. "Code files for "Monetary Policy with Heterogeneous Households and Imperfect Risk-Sharing"," Computer Codes 11-1, Review of Economic Dynamics.

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. Saroj Bhattarai & Jae Won Lee & Woong Yong Park & Choongryul Yang, 2019. "Macroeconomic effects of capital tax rate changes," CESifo Working Paper Series 7630, CESifo.

    Cited by:

    1. Chang, Juin-Jen & Kuo, Chun-Hung & Lin, Hsieh-Yu & Yang, Shu-Chun S., 2023. "Share buybacks and corporate tax cuts," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    2. Saroj Bhattarai & Jae Won Lee & Choongryul Yang, 2023. "Redistribution and the monetary‐fiscal policy mix," Quantitative Economics, Econometric Society, vol. 14(3), pages 817-853, July.
    3. Occhino, Filippo, 2023. "The macroeconomic effects of business tax cuts with debt financing and accelerated depreciation," Economic Modelling, Elsevier, vol. 125(C).
    4. Lieberknecht, Philipp & Wieland, Volker, 2019. "On the macroeconomic and fiscal effects of the Tax Cuts and Jobs Act," IMFS Working Paper Series 131, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    5. Julie L. Hotchkiss & Robert E. Moore & Fernando Rios-Avila, 2021. "Impact of the 2017 Tax Cuts and Jobs Act on Labor Supply and Welfare of Married Households," FRB Atlanta Working Paper 2021-18, Federal Reserve Bank of Atlanta.
    6. Madeline Hanson & Daniela Hauser & Romanos Priftis, 2021. "Fiscal Spillovers: The Case of US Corporate and Personal Income Taxes," Staff Working Papers 21-41, Bank of Canada.
    7. Özlem Kina & Ctirad Slavik & Hakki Yazici, 2020. "Redistributive Capital Taxation Revisited," CESifo Working Paper Series 8627, CESifo.

  2. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2013. "Price Indexation, Habit Formation, and the Generalized Taylor Principle," CAMA Working Papers 2013-52, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Le Bihan, Hervé & Marx, Magali & Matheron, Julien, 2023. "Inflation tolerance ranges in the New Keynesian model," European Economic Review, Elsevier, vol. 153(C).
    2. Yunjong Eo & Denny Lie, 2020. "Changes in the Inflation Target and the Comovement between Inflation and the Nominal Interest Rate," Discussion Paper Series 2003, Institute of Economic Research, Korea University.
    3. Lubik, Thomas A. & Matthes, Christian, 2016. "Indeterminacy and learning: An analysis of monetary policy in the Great Inflation," Journal of Monetary Economics, Elsevier, vol. 82(C), pages 85-106.
    4. Liu, Ding & Sun, Weihong & Chang, Long, 2021. "Monetary–fiscal policy regime and macroeconomic dynamics in China," Economic Modelling, Elsevier, vol. 95(C), pages 121-135.

  3. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2013. "Optimal monetary policy in a currency union with interest rate spreads," Globalization Institute Working Papers 150, Federal Reserve Bank of Dallas.

    Cited by:

    1. Woodford, Michael & Cúrdia, Vasco, 2015. "Credit Frictions and Optimal Monetary Policy," CEPR Discussion Papers 11016, C.E.P.R. Discussion Papers.
    2. Pierpaolo Benigno & Gauti B. Eggertsson & Federica Romei, 2020. "Dynamic Debt Deleveraging and Optimal Monetary Policy," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(2), pages 310-350, April.
    3. Neyer, Ulrike & Stempel, Daniel & Horst, Maximilian, 2022. "Asymmetric Macroeconomic Effects of QE and Excess Reserves in a Monetary Union," VfS Annual Conference 2022 (Basel): Big Data in Economics 264074, Verein für Socialpolitik / German Economic Association.
    4. Charles Engel, 2015. "International Coordination of Central Bank Policy," NBER Working Papers 20952, National Bureau of Economic Research, Inc.
    5. Seula Kim & Jae Won Lee, 2020. "Sectoral Heterogeneity in Nominal Rigidities in Korea: Implications for Monetary Policy," Korean Economic Review, Korean Economic Association, vol. 36, pages 59-99.
    6. Benigno, Pierpaolo & Romei, Federica, 2014. "Debt deleveraging and the exchange rate," Journal of International Economics, Elsevier, vol. 93(1), pages 1-16.
    7. D’Aguanno, Lucio, 2015. "Monetary Policy and Welfare in a Currency Union," The Warwick Economics Research Paper Series (TWERPS) 1082, University of Warwick, Department of Economics.
    8. Giovannini, Alessandro & Ioannou, Demosthenes & Stracca, Livio, 2022. "Public and private risk sharing: friends or foes? The interplay between different forms of risk sharing," Occasional Paper Series 295, European Central Bank.
    9. D'Aguanno, Lucio, 2015. "Monetary Policy and Welfare in a Currency Union," Economic Research Papers 270012, University of Warwick - Department of Economics.
    10. Serdar Kabaca & Renske Maas & Kostas Mavromatis & Romanos Priftis, 2020. "Optimal Quantitative Easing in a Monetary Union," Staff Working Papers 20-49, Bank of Canada.
    11. Ida, Daisuke, 2023. "Liquidity-constrained consumers and optimal monetary policy in a currency union," Journal of International Money and Finance, Elsevier, vol. 131(C).
    12. Saroj Bhattarai & Jae Won Lee & Woong Yong Park & Choongryul Yang, 2020. "Macroeconomic Effects of Capital Tax Rate Changes," Globalization Institute Working Papers 391, Federal Reserve Bank of Dallas.
    13. Waheed, Farah & Abdul Rashid,, 2021. "Credit frictions, fiscal imbalances, monetary policy autonomy, and monetary policy rules," The Journal of Economic Asymmetries, Elsevier, vol. 23(C).
    14. Horst, Maximilian & Neyer, Ulrike & Stempel, Daniel, 2020. "Asymmetric macroeconomic effects of QE-induced increases in excess reserves in a monetary union," DICE Discussion Papers 346, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).

  4. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2012. "Policy regimes, policy shifts, and U.S. business cycles," Globalization Institute Working Papers 109, Federal Reserve Bank of Dallas.

    Cited by:

    1. Kostas Mavromatis, 2020. "Finite Horizons and the Monetary/Fiscal Policy Mix," International Journal of Central Banking, International Journal of Central Banking, vol. 16(4), pages 327-378, September.
    2. Francesco Bianchi & Cosmin Ilut, 2014. "Monetary/Fiscal Policy Mix and Agents' Beliefs," NBER Working Papers 20194, National Bureau of Economic Research, Inc.
    3. Yunjong Eo & Denny Lie, 2020. "Changes in the Inflation Target and the Comovement between Inflation and the Nominal Interest Rate," Discussion Paper Series 2003, Institute of Economic Research, Korea University.
    4. EO, Yunjong & LIE, Denny, 2017. "The Role of Inflation Target Adjustment in Stabilization Policy," Discussion paper series HIAS-E-58, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    5. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2013. "Price indexation, habit formation, and the Generalized Taylor Principle," Globalization Institute Working Papers 152, Federal Reserve Bank of Dallas.
    6. Li, Bing & Pei, Pei & Tan, Fei, 2021. "Financial distress and fiscal inflation," Journal of Macroeconomics, Elsevier, vol. 70(C).
    7. Hinterlang, Natascha & Hollmayr, Josef, 2022. "Classification of monetary and fiscal dominance regimes using machine learning techniques," Journal of Macroeconomics, Elsevier, vol. 74(C).
    8. Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2015. "Monetary policy, trend inflation, and the Great Moderation: an alternative interpretation: comment based on system estimation," Research Working Paper RWP 15-17, Federal Reserve Bank of Kansas City.
    9. Hirose, Yasuo, 2020. "An Estimated Dsge Model With A Deflation Steady State," Macroeconomic Dynamics, Cambridge University Press, vol. 24(5), pages 1151-1185, July.
    10. de Haan, J. & Eijffinger, Sylvester, 2016. "The Politics of Central Bank Independence," Discussion Paper 2016-047, Tilburg University, Center for Economic Research.
    11. Perendia, George & Tsoukis, Chris, 2012. "The Keynesian multiplier, news and fiscal policy rules in a DSGE model," Dynare Working Papers 25, CEPREMAP.
    12. De Graeve, Ferre & Queijo von Heideken, Virginia, 2013. "Identifying Fiscal Inflation," Working Paper Series 273, Sveriges Riksbank (Central Bank of Sweden).
    13. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2012. "Monetary-Fiscal Policy Interactions and Indeterminacy in Postwar US Data," American Economic Review, American Economic Association, vol. 102(3), pages 173-178, May.
    14. Ascari, Guido & Florio, Anna & Gobbi, Alessandro, 2018. "High trend inflation and passive monetary detours," Economics Letters, Elsevier, vol. 172(C), pages 138-142.
    15. Woong Yong Park & Jae Won Lee & Saroj Bhattarai, 2013. "Inflation Dynamics: The Role of Public Debt and Policy Regimes," 2013 Meeting Papers 359, Society for Economic Dynamics.
    16. Mr. Roger Farmer & Mr. Vadim Khramov, 2013. "Solving and Estimating Indeterminate DSGE Models," IMF Working Papers 2013/200, International Monetary Fund.
    17. Qazi Haque, 2017. "Monetary Policy, Target Inflation and the Great Moderation: An Empirical Investigation," School of Economics and Public Policy Working Papers 2017-10, University of Adelaide, School of Economics and Public Policy.
    18. Gliksberg, Baruch, "undated". "Dynamic Scoring and Monetary Policy," Working Papers WP2014/1, University of Haifa, Department of Economics.
    19. Ettmeier, Stephanie & Kriwoluzky, Alexander, 2019. "Active, or passive? Revisiting the role of fiscal policy in the Great Inflation," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203609, Verein für Socialpolitik / German Economic Association.
    20. Kliem, Martin & Kriwoluzky, Alexander & Sarferaz, Samad, 2015. "Monetary-fiscal policy interaction and fiscal inflation: A tale of three countries," Discussion Papers 42/2015, Deutsche Bundesbank.
    21. Stephanie Ettmeier & Alexander Kriwoluzky, 2020. "Active, or Passive? Revisiting the Role of Fiscal Policy in the Great Inflation," Discussion Papers of DIW Berlin 1872, DIW Berlin, German Institute for Economic Research.
    22. Leeper, Eric M. & Li, Bing, 2017. "Surplus–debt regressions," Economics Letters, Elsevier, vol. 151(C), pages 10-15.
    23. Jin, Hao & Xiong, Chen, 2021. "Fiscal stress and monetary policy stance in oil-exporting countries," Journal of International Money and Finance, Elsevier, vol. 111(C).
    24. Giovanni Nicolo, 2020. "Monetary Policy, Self-Fulfilling Expectations and the U.S. Business Cycle," Finance and Economics Discussion Series 2020-035, Board of Governors of the Federal Reserve System (U.S.).
    25. Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2020. "Monetary Policy and Macroeconomic Stability Revisited," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 255-274, July.
    26. Anthony M. Diercks & William Waller, 2017. "Taxes and the Fed : Theory and Evidence from Equities," Finance and Economics Discussion Series 2017-104, Board of Governors of the Federal Reserve System (U.S.).
    27. Valerija Botric & Iva Tomic, 2016. "Self-employment of the young and the old: exploring effects of the crisis in Croatia," Working Papers 1603, The Institute of Economics, Zagreb.
    28. Hinterlang, Natascha & Hollmayr, Josef, 2021. "Classification of monetary and fiscal dominance regimes using machine learning techniques," IMFS Working Paper Series 160, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    29. Ozili, Peterson K, 2020. "Financial inclusion and business cycles," MPRA Paper 102054, University Library of Munich, Germany.
    30. Liu, Ding & Sun, Weihong & Chang, Long, 2021. "Monetary–fiscal policy regime and macroeconomic dynamics in China," Economic Modelling, Elsevier, vol. 95(C), pages 121-135.
    31. Zams, Bastian Muzbar, 2021. "Frictions and empirical fit in a DSGE model for Indonesia," Economic Modelling, Elsevier, vol. 99(C).
    32. Solikin M. Juhro & Denny Lie & Atet Rizki Wijoseno & Mohammad Aly Fikry, 2022. "Fiscal Policy Stance, Central Bank Digital Currency, And The Optimal Monetary-Macroprudential Policy Mix," Working Papers WP/01/2022, Bank Indonesia.

  5. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2012. "Inflation dynamics: the role of public debt and policy regimes," Globalization Institute Working Papers 124, Federal Reserve Bank of Dallas.

    Cited by:

    1. By Anna Florio & Alessandro Gobbi, 2015. "Learning the monetary/fiscal interaction under trend inflation," Oxford Economic Papers, Oxford University Press, vol. 67(4), pages 1146-1164.
    2. Sánchez García, Javier & Cruz Rambaud, Salvador, 2023. "Inflation and systemic risk: A network econometric model," Finance Research Letters, Elsevier, vol. 56(C).
    3. Guido Ascari & Anna Florio & Alessandro Gobbi, 2020. "Controlling Inflation With Timid Monetary–Fiscal Regime Changes," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 1001-1024, May.
    4. Cho, Seonghoon, 2021. "Determinacy and classification of Markov-switching rational expectations models," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
    5. Van Bon Nguyen, 2022. "Does governance matter for the public debt–inflation relationship in developed countries? Panel quantile regression approach," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(4), pages 1153-1173, December.
    6. de Haan, J. & Eijffinger, Sylvester, 2016. "The Politics of Central Bank Independence," Discussion Paper 2016-047, Tilburg University, Center for Economic Research.
    7. Busato, Francesco & Albanese, Marina & Varlese, Monica, 2022. "Inflation-based fiscal consolidation: a DSGE approach," MPRA Paper 113838, University Library of Munich, Germany.
    8. Ascari, Guido & Florio, Anna & Gobbi, Alessandro, 2018. "High trend inflation and passive monetary detours," Economics Letters, Elsevier, vol. 172(C), pages 138-142.
    9. OKIMOTO Tatsuyoshi, 2018. "Trend Inflation and Monetary Policy Regimes in Japan," Discussion papers 18024, Research Institute of Economy, Trade and Industry (RIETI).
    10. Gliksberg, Baruch, "undated". "Dynamic Scoring and Monetary Policy," Working Papers WP2014/1, University of Haifa, Department of Economics.
    11. Dumitrescu, Bogdan Andrei & Kagitci, Meral & Cepoi, Cosmin-Octavian, 2022. "Nonlinear effects of public debt on inflation. Does the size of the shadow economy matter?," Finance Research Letters, Elsevier, vol. 46(PA).
    12. Francesco Busato & Marina Albanese & Monica Varlese, 2022. "The impact of monetary policy shock on public debt: a DSGE approach," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 76(3), pages 17-28, July-Sept.
    13. Boris Chafwehé & Charles de Beauffort & Rigas Oikonomou, 2021. "Debt Management in a World of Fiscal Dominance," LIDAM Discussion Papers IRES 2021018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    14. Ascari, Guido & Florio, Anna & Gobbi, Alessandro, 2023. "Price level targeting under fiscal dominance," Journal of International Money and Finance, Elsevier, vol. 137(C).
    15. D. Masciandaro, 2019. "What Bird Is That? Central Banking And Monetary Policy In The Last Forty Years," BAFFI CAREFIN Working Papers 19127, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    16. Guido Ascari & Anna Florio & Alessandro Gobbi, 2020. "Monetary-fiscal interactions under price level targeting," Papers 2010.14979, arXiv.org.
    17. Gliksberg, Baruch, "undated". "Equilibria Under Monetary and Fiscal Policy Interactions in a Portfolio Choice Model," Working Papers WP2015/1, University of Haifa, Department of Economics.
    18. Jocelyne Zoumenou, 2023. "On the impact of fiscal policy on inflation: The case of fiscal rules," EconomiX Working Papers 2023-21, University of Paris Nanterre, EconomiX.
    19. Saurabh Sharma & Ipsita Padhi & Sarat Dhal, 2022. "Monetary-fiscal coordination: when, why and how?," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 40(4), pages 661-686, September.
    20. Anna Florio & Alessandro Gobbi, 2014. "Learning the Fiscal Monetary Interaction under Trend Inflation," DEM Working Papers Series 068, University of Pavia, Department of Economics and Management.
    21. Beck-Friis, Peder & Willems, Tim, 2017. "Dissecting fiscal multipliers under the fiscal theory of the price level," European Economic Review, Elsevier, vol. 95(C), pages 62-83.

  6. Jae Won Lee, 2011. "Aggregate Implications of Heterogeneous Households in a Sticky-Price Model," Departmental Working Papers 201132, Rutgers University, Department of Economics.

    Cited by:

    1. Schmidt, Sebastian & Wieland, Volker, 2012. "The new keynesian approach to dynamic general equilibrium modeling: Models, methods, and macroeconomic policy evaluation," IMFS Working Paper Series 52, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    2. Jae Won Lee, 2014. "Monetary Policy with Heterogeneous Households and Imperfect Risk-Sharing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(3), pages 505-522, July.

  7. Carlos Carvalho & Jae Won Lee, 2011. "Sectoral price facts in a sticky-price model," Staff Reports 495, Federal Reserve Bank of New York.

    Cited by:

    1. Ernesto Pastén & Raphael Schoenle & Michael Weber, 2018. "The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy," NBER Working Papers 25303, National Bureau of Economic Research, Inc.
    2. Sergey Ivashchenko, 2015. "A 5-sector DSGE Model of Russia," EUSP Department of Economics Working Paper Series 2015/01, European University at St. Petersburg, Department of Economics.
    3. Ernesto Pasten & Raphael S. Schoenle & Michael Weber & Michael Weber, 2018. "Price Rigidity and the Origins af Aggregate Fluctuations," CESifo Working Paper Series 7190, CESifo.
    4. Marios Zachariadis, 2012. "Global Versus Local Shocks in Micro Price Dynamics," 2012 Meeting Papers 66, Society for Economic Dynamics.
    5. Carvalho, Carlos & Nechio, Fernanda, 2018. "Approximating multisector New Keynesian models," Economics Letters, Elsevier, vol. 163(C), pages 193-196.
    6. Pasten, Ernesto & Schoenle, Raphael & Weber, Michael, 2017. "Price rigidities and the granular origins of aggregate fluctuations," Working Paper Series 2102, European Central Bank.
    7. Jae Won Lee, 2012. "Aggregate Implications of Heterogeneous Households in a Sticky-Price Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 1-22, February.
    8. Ghassibe, Mishel, 2021. "Monetary policy and production networks: an empirical investigation," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 21-39.
    9. Manoj Atolia & Ryan Chahrour, 2019. "Online Appendix to "Intersectoral Linkages, Diverse Information, and Aggregate Dynamics"," Online Appendices 18-248, Review of Economic Dynamics.
    10. Hubrich, Kirstin & Marcellino, Massimiliano & Beck, Günter W., 2011. "On the importance of sectoral and regional shocks for price-setting," Working Paper Series 1334, European Central Bank.
    11. Carlos Carvalho & Fernanda Nechio, 2013. "Factor Specificity and Real Rigidities," Working Paper Series 2013-31, Federal Reserve Bank of San Francisco.
    12. Fernando Alvarez & Andrea Ferrara & Erwan Gautier & Hervé Le Bihan & Francesco Lippi, 2021. "Empirical Investigation of a Sufficient Statistic for Monetary Shocks," Working papers 839, Banque de France.
    13. Özmen, M. Utku & Tuğan, Mustafa, 2022. "Heterogeneity in sectoral price and quantity responses to shocks to monetary policy," Journal of Macroeconomics, Elsevier, vol. 73(C).
    14. Emi Nakamura & Jón Steinsson, 2013. "Price Rigidity: Microeconomic Evidence and Macroeconomic Implications," Annual Review of Economics, Annual Reviews, vol. 5(1), pages 133-163, May.
    15. Bouakez, Hafedh & Cardia, Emanuela & Ruge-Murcia, Francisco, 2014. "Sectoral price rigidity and aggregate dynamics," European Economic Review, Elsevier, vol. 65(C), pages 1-22.
    16. De Graeve, Ferre & Walentin, Karl, 2011. "Refining Stylized Facts from Factor Models of Inflation," Working Paper Series 254, Sveriges Riksbank (Central Bank of Sweden), revised 01 Oct 2013.
    17. Kaufmann, Daniel & Lein, Sarah M., 2013. "Sticky prices or rational inattention – What can we learn from sectoral price data?," European Economic Review, Elsevier, vol. 64(C), pages 384-394.
    18. Manoj Atolia & Ryan Chahrour, 2013. "Intersectoral Linkages, Diverse Information, and Aggregate Dynamics," Boston College Working Papers in Economics 832, Boston College Department of Economics, revised 12 May 2015.
    19. Joris Tielens, 2019. "Pipeline Pressures and Sectoral Inflation Dynamics," 2019 Meeting Papers 856, Society for Economic Dynamics.
    20. Carlos Carvalho & Fernanda Nechio, 2014. "Factor SpecifiÂ…city and Real Rigidities," 2014 Meeting Papers 1241, Society for Economic Dynamics.
    21. Ryan Chahrour & Manoj Atolia, 2015. "Intersectoral Linkages, Diverse Information, and Aggregate Dynamics in a Neoclassical Model," 2015 Meeting Papers 398, Society for Economic Dynamics.
    22. Carreño, José Gabo & Uras, Burak, 2024. "Macro welfare effects of flexible labor contracts," European Economic Review, Elsevier, vol. 161(C).
    23. Frank Smets & Joris Tielens & Jan Van Hove, 2018. "Pipeline Pressures and Sectoral Inflation Dynamics," Working Paper Research 351, National Bank of Belgium.
    24. Fan, Ying, 2022. "Demand shocks and price stickiness in housing market dynamics," Economic Modelling, Elsevier, vol. 110(C).
    25. Hassan Afrouzi & Saroj Bhattarai, 2023. "Inflation and GDP Dynamics in Production Networks: A Sufficient Statistics Approach," NBER Working Papers 31218, National Bureau of Economic Research, Inc.
    26. Иващенко Сергей Михайлович, 2016. "Многосекторная Модель Динамического Стохастического Общего Экономического Равновесия Российской Экономики," Vestnik of the St. Petersburg University. Series 5. Economics Вестник Санкт-Петербургского университета. Серия 5. Экономика, CyberLeninka;Федеральное государственное бюджетное образовательное учреждение высшего образования «Санкт-Петербургский государственный университет», issue 3, pages 176-202.
    27. Dietrich, Alexander M., 2023. "Consumption categories, household attention, and inflation expectations: Implications for optimal monetary policy," University of Tübingen Working Papers in Business and Economics 157, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    28. Francisco J. Ruge-Murcia & Alexander L. Wolman, 2022. "Relative Price Shocks and Inflation," Working Paper 22-07, Federal Reserve Bank of Richmond.
    29. Lee, Jae Won & Park, Woong Yong, 2021. "System reduction of dynamic stochastic general equilibrium models solved by gensys," Economics Letters, Elsevier, vol. 199(C).

  8. Jae Won Lee, 2010. "Heterogeneous Households in a Sticky Price Model," Departmental Working Papers 201001, Rutgers University, Department of Economics.

    Cited by:

    1. Sergey Ivashchenko, 2015. "A 5-sector DSGE Model of Russia," EUSP Department of Economics Working Paper Series 2015/01, European University at St. Petersburg, Department of Economics.
    2. Jae Won Lee, 2012. "Aggregate Implications of Heterogeneous Households in a Sticky-Price Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 1-22, February.
    3. Иващенко Сергей Михайлович, 2016. "Многосекторная Модель Динамического Стохастического Общего Экономического Равновесия Российской Экономики," Vestnik of the St. Petersburg University. Series 5. Economics Вестник Санкт-Петербургского университета. Серия 5. Экономика, CyberLeninka;Федеральное государственное бюджетное образовательное учреждение высшего образования «Санкт-Петербургский государственный университет», issue 3, pages 176-202.
    4. Jae Won Lee, 2014. "Monetary Policy with Heterogeneous Households and Imperfect Risk-Sharing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(3), pages 505-522, July.

  9. Jae Won Lee, 2010. "Monetary Policy with Heterogeneous Households and Financial Frictions," Departmental Working Papers 201002, Rutgers University, Department of Economics.

    Cited by:

    1. J. Scott Davis & Kevin X. D. Huang, 2011. "Optimal monetary policy under financial sector risk," Globalization Institute Working Papers 85, Federal Reserve Bank of Dallas.
    2. Makoto Nakajima, 2013. "Monetary Policy with Heterogeneous Agents," 2013 Meeting Papers 356, Society for Economic Dynamics.

Articles

  1. Carlos Carvalho & Jae Won Lee & Woong Yong Park, 2021. "Sectoral Price Facts in a Sticky-Price Model," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(1), pages 216-256, January.
    See citations under working paper version above.
  2. Seula Kim & Jae Won Lee, 2020. "Sectoral Heterogeneity in Nominal Rigidities in Korea: Implications for Monetary Policy," Korean Economic Review, Korean Economic Association, vol. 36, pages 59-99.

    Cited by:

    1. DongIk Kang & Jinhee Woo, 2022. "How Effective are Automatic Stabilizers in Reducing Aggregate Volatility in Korea?," Korean Economic Review, Korean Economic Association, vol. 38, pages 5-42.

  3. Carlos Carvalho & Niels Arne Dam & Jae Won Lee, 2020. "The Cross-Sectional Distribution of Price Stickiness Implied by Aggregate Data," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 162-179, March.

    Cited by:

    1. Seula Kim & Jae Won Lee, 2020. "Sectoral Heterogeneity in Nominal Rigidities in Korea: Implications for Monetary Policy," Korean Economic Review, Korean Economic Association, vol. 36, pages 59-99.
    2. Jonathan Payne & Lawrence Uren, 2014. "Economic Policy and the Great Depression in a Small Open Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(2-3), pages 347-370, March.
    3. Cheng-qi Hou & Pin Wang, 2014. "An Estimation of Sectoral Price Stickiness using Aggregate Data," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 53-70, June.
    4. Nihar Shah, 2022. "Doubly heterogeneous monetary spillovers," International Finance, Wiley Blackwell, vol. 25(2), pages 126-150, August.

  4. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2016. "Policy Regimes, Policy Shifts, and U.S. Business Cycles," The Review of Economics and Statistics, MIT Press, vol. 98(5), pages 968-983, December.
    See citations under working paper version above.
  5. Bhattarai, Saroj & Lee, Jae Won & Park, Woong Yong, 2015. "Optimal monetary policy in a currency union with interest rate spreads," Journal of International Economics, Elsevier, vol. 96(2), pages 375-397.
    See citations under working paper version above.
  6. Bhattarai, Saroj & Lee, Jae Won & Park, Woong Yong, 2014. "Inflation dynamics: The role of public debt and policy regimes," Journal of Monetary Economics, Elsevier, vol. 67(C), pages 93-108.
    See citations under working paper version above.
  7. Bhattarai, Saroj & Lee, Jae Won & Park, Woong Yong, 2014. "Price indexation, habit formation, and the Generalized Taylor Principle," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 218-225.
    See citations under working paper version above.
  8. Jae Won Lee, 2014. "Monetary Policy with Heterogeneous Households and Imperfect Risk-Sharing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(3), pages 505-522, July.

    Cited by:

    1. Seula Kim & Jae Won Lee, 2020. "Sectoral Heterogeneity in Nominal Rigidities in Korea: Implications for Monetary Policy," Korean Economic Review, Korean Economic Association, vol. 36, pages 59-99.
    2. Villarreal, Francisco G., 2014. "Monetary Policy and Inequality in Mexico," MPRA Paper 57074, University Library of Munich, Germany.
    3. Karen Davtyan, 2016. "“Income Inequality and Monetary Policy: An Analysis on the Long Run Relation”," AQR Working Papers 201604, University of Barcelona, Regional Quantitative Analysis Group, revised Apr 2016.
    4. Karen Davtyan, 2016. "“Income Inequality and Monetary Policy: An analysis on the Long Run Relation”," IREA Working Papers 201604, University of Barcelona, Research Institute of Applied Economics, revised Apr 2016.
    5. Maciej Ryczkowski, 2016. "Poland as an inflation nutter:The story of successful output stabilization," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(2), pages 363-392.

  9. Jae Won Lee, 2012. "Aggregate Implications of Heterogeneous Households in a Sticky-Price Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 1-22, February.
    See citations under working paper version above.
  10. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2012. "Monetary-Fiscal Policy Interactions and Indeterminacy in Postwar US Data," American Economic Review, American Economic Association, vol. 102(3), pages 173-178, May.

    Cited by:

    1. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2012. "Policy regimes, policy shifts, and U.S. business cycles," Globalization Institute Working Papers 109, Federal Reserve Bank of Dallas.
    2. Kostas Mavromatis, 2020. "Finite Horizons and the Monetary/Fiscal Policy Mix," International Journal of Central Banking, International Journal of Central Banking, vol. 16(4), pages 327-378, September.
    3. Denny Lie, 2009. "State-dependent pricing and optimal monetary policy," Working Papers 09-20, Federal Reserve Bank of Boston.
    4. William Barnett & Giovanni Bella & Taniya Ghosh & Paolo Mattana & Beatrice Venturi, 2020. "Shilnikov Chaos, Low Interest Rates, and New Keynesian Macroeconomics," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202001, University of Kansas, Department of Economics, revised Jan 2020.
    5. Guido Ascari & Anna Florio & Alessandro Gobbi, 2020. "Controlling Inflation With Timid Monetary–Fiscal Regime Changes," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 1001-1024, May.
    6. Saroj Bhattarai & Jae Won Lee & Woong Yong Park, 2013. "Price indexation, habit formation, and the Generalized Taylor Principle," Globalization Institute Working Papers 152, Federal Reserve Bank of Dallas.
    7. Li, Bing & Pei, Pei & Tan, Fei, 2021. "Financial distress and fiscal inflation," Journal of Macroeconomics, Elsevier, vol. 70(C).
    8. Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2015. "Monetary policy, trend inflation, and the Great Moderation: an alternative interpretation: comment based on system estimation," Research Working Paper RWP 15-17, Federal Reserve Bank of Kansas City.
    9. Hirose, Yasuo, 2020. "An Estimated Dsge Model With A Deflation Steady State," Macroeconomic Dynamics, Cambridge University Press, vol. 24(5), pages 1151-1185, July.
    10. de Haan, J. & Eijffinger, Sylvester, 2016. "The Politics of Central Bank Independence," Discussion Paper 2016-047, Tilburg University, Center for Economic Research.
    11. Bouabdallah, Othman & Jacquinot, Pascal & Patella, Valeria, 2023. "Monetary/fiscal policy regimes in post-war Europe," Working Paper Series 2871, European Central Bank.
    12. Ascari, Guido & Florio, Anna & Gobbi, Alessandro, 2017. "Controlling inflation with switching monetary and fiscal policies: expectations, fiscal guidance and timid regime changes," Bank of Finland Research Discussion Papers 9/2017, Bank of Finland.
    13. Woong Yong Park & Jae Won Lee & Saroj Bhattarai, 2013. "Inflation Dynamics: The Role of Public Debt and Policy Regimes," 2013 Meeting Papers 359, Society for Economic Dynamics.
    14. Qazi Haque, 2017. "Monetary Policy, Target Inflation and the Great Moderation: An Empirical Investigation," School of Economics and Public Policy Working Papers 2017-10, University of Adelaide, School of Economics and Public Policy.
    15. Moura, Alban, 2015. "The effects of government spending endogeneity on estimated multipliers in the US," TSE Working Papers 15-610, Toulouse School of Economics (TSE).
    16. Josef Hollmayr & Christian Matthes, 2015. "Tales of Transition Paths: Policy Uncertainty and Random Walks," Working Paper 15-11, Federal Reserve Bank of Richmond.
    17. Guido Ascari & Anna Florio & Alessandro Gobbi, 2016. "Monetary and Fiscal Policy Interactions: Leeper (1991) Redux," Economics Series Working Papers 788, University of Oxford, Department of Economics.
    18. Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2020. "Monetary Policy and Macroeconomic Stability Revisited," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 255-274, July.

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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 21 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-MAC: Macroeconomics (19) 2010-03-20 2010-03-20 2011-12-13 2011-12-13 2012-06-13 2012-09-03 2013-01-19 2013-07-15 2013-08-31 2013-09-24 2013-11-02 2013-12-06 2015-04-11 2019-05-27 2020-08-17 2021-01-18 2021-01-25 2021-06-28 2022-07-11. Author is listed
  2. NEP-DGE: Dynamic General Equilibrium (14) 2010-03-20 2011-06-18 2011-12-13 2012-06-13 2012-09-03 2013-01-19 2013-11-02 2013-12-06 2019-05-27 2020-08-17 2021-01-18 2021-01-25 2021-06-28 2022-07-11. Author is listed
  3. NEP-MON: Monetary Economics (12) 2010-03-20 2012-06-13 2012-09-03 2013-01-19 2013-07-15 2013-08-31 2013-09-24 2013-11-02 2013-12-06 2021-01-18 2021-01-25 2021-06-28. Author is listed
  4. NEP-CBA: Central Banking (11) 2010-03-20 2010-03-20 2012-06-13 2012-09-03 2013-07-15 2013-08-31 2013-09-24 2013-11-02 2013-12-06 2021-01-18 2021-01-25. Author is listed
  5. NEP-PBE: Public Economics (3) 2019-05-27 2020-08-17 2022-07-11
  6. NEP-OPM: Open Economy Macroeconomics (2) 2011-06-18 2013-07-15
  7. NEP-CWA: Central and Western Asia (1) 2021-01-18
  8. NEP-HME: Heterodox Microeconomics (1) 2015-04-11
  9. NEP-IAS: Insurance Economics (1) 2011-12-13
  10. NEP-ORE: Operations Research (1) 2020-06-15
  11. NEP-PUB: Public Finance (1) 2022-07-11

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