Publications
- "Expectational Data in DSGE Models"[link], Handbook of Economic Expectations, edited by R. Bachmann, W. van der Klaauw, and G. Topa, Elsevier. [33]
- "Heterogeneity in Individual Expectations, Sentiment, and Constant-Gain Learning" [link], (with Stephen Cole), Journal of Economic Behavior & Organization, Volume 188, Pages 627-650, August 2021. [32]
- "Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles" [link], (with Francisco Ilabaca), Journal of Macroeconomics, Volume 68, June 2021, 103307. [31]
- "Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle" [link], (with Pratiti Chatterjee, UNSW), Journal of Economic Behavior & Organization, Volume 179, pages 342-360, November, 2020. [30]
- "COVID-19 Outbreak, Social Response, and Early Economic Effects: A Global VAR Analysis of Cross-Country Interdependencies" [link], Journal of Population Economics, Volume 34, pages 223-252, January, 2021. [29]
- "Observed Expectations, News Shocks, and the Business Cycle" [link], (with Ashish Rajbhandari, Amazon), Research in Economics, Volume 74, Issue 2, pages 95-118, June, 2020. [28]
- "Bounded Rationality, Monetary Policy, and Macroeconomic Stability" [link], (with Francisco Ilabaca and Greta Meggiorini, UC Irvine), Economics Letters, Volume 186, Article 108522, January, 2020. [27]
- "Learning and the Evolution of the Fed's Inflation Target" [link], Macroeconomic Dynamics, Volume 24, Issue 8, pages 1904-1923, December 2020. [26]
- "Expectations and Macro-Housing Interactions in a Small Open Economy: Evidence from Korea" [link], (with Sung Ho Park, Bank of Korea), Open Economies Review, Volume 30, Issue 2, pages 375-402, April, 2019. [25]
- "Sentiment and the U.S. Business Cycle" [link], Journal of Economic Dynamics and Control, Volume 82, Pages 289-311, September 2017. [24]
- "Learning About the Interdependence Between the Macroeconomy and the Stock Market" [link], International Review of Economics & Finance, vol. 49, pages 223-242, May 2017. [23]
- "The Misspecification of Expectations in New Keynesian Models: a DSGE-VAR Approach" [link], (with Stephen Cole, Marquette University), Macroeconomic Dynamics, Volume 23, Issue 3, pages 974-1007, April, 2019. [22]
- "The Effects of Globalization on Macroeconomic Dynamics in a Trade-Dependent Economy: the Case of Korea" [link], (with Sung Ho Park, Bank of Korea), Economic Modelling, vol. 48, issue C, pages 292-305, August 2015. [21]
- "Learning and Time-Varying Macroeconomic Volatility" [link], Journal of Economic Dynamics and Control, Vol. 47, Pages 94-114, October 2014. [20]
- "The Modeling of Expectations in Empirical DSGE Models: a Survey" [link], Advances in Econometrics, Volume 28, pages 3-38, 2012. [19]
- "Expectation Formation and Monetary DSGE Models:
Beyond the Rational Expectations Paradigm" [link], (with Ashish Rajbhandari, UC Irvine), Advances in Econometrics, Volume 28, pages 253-288, 2012. [18]
- "The Effects of Monetary Policy "News" and "Surprises"" [link], (with John Treadwell, UC Irvine), Journal of Money, Credit and Banking, Volume 44, Issue 8, pages 1667-1692, December 2012. [17]
- "Expectation Shocks and Learning as Drivers of the Business Cycle" [link], [non-technical summary],Economic Journal,
Vol. 121, Iss. 552, pages 379-401, 2011. [16]
- "The Impact of Foreign Stock Markets on
Macroeconomic Dynamics in Open Economies: a Structural Estimation" [link], Journal of International Money and Finance, vol. 30(1), pages 111-129, 2011. [15]
- "Has Globalization Transformed U.S.
Macroeconomic Dynamics?" [link], Macroeconomic Dynamics, Vol. 16, pp 204-229, April 2012. [14]
- "Global Slack and Domestic Inflation Rates: A Structural Investigation for G-7 Countries" [link], Journal of Macroeconomics, Volume 32, Issue 4, pp. 968-981,
December 2010. [13]
- "Public Option and Private Profits: What do Markets Expect?" [link], Applied Health Economics and Health Policy, Volume 8, Number 3, pp. 155-165, May 2010. [12]
- "Expectations, Learning, and the Changing Relationship between Oil Prices and the Macroeconomy" [link], Energy Economics, Volume 31, Issue 6, pages 827-837, November 2009. [11]
- "Has Global Slack Become More Important than Domestic Slack in Determining U.S. Inflation?" [link], Economics Letters, Volume 102, Issue 3, pages 147-151, March 2009. [10]
- "Political Business Cycles in the New Keynesian Model" [link], Economic Inquiry, Volume 48, Issue 4, pages 896-915, October 2010. [9]
- "Adaptive Learning and Macroeconomic Inertia in the Euro Area" [link], Journal of Common Market Studies, Volume 47, Issue 3, Pages 579-599, June 2009. [8]
- "Learning, Monetary Policy Rules, and Macroeconomic Stability" [link], Journal of Economic Dynamics and Control, Vol. 32, No. 10, pages 3148-3165, October 2008. [7]
- "Monetary Policy with a Wider Information Set: a Bayesian Model Averaging Approach" [link], Scottish Journal of Political Economy, Vol. 55, No. 1, February, 2008. [6]
- "Expectations, Learning and Macroeconomic Persistence" [link], Journal of Monetary Economics, Volume 54, Issue 7, Pages 2065-2082, October 2007. [5]
- "Econometric Issues in DSGE Models" [link], (with Dale Poirier, UC Irvine), Comment on "Bayesian Analysis of DSGE Models"
by An and Schorfheide, Econometric Reviews, Volume 26, Issue 2 - 4, pages 201 - 204, March 2007. [4]
- "A Bayesian DSGE Model with Infinite-Horizon Learning: Do "Mechanical" Sources of Persistence Become Superfluous?" [link], International Journal of Central Banking, Iss. 6, September 2006. [3]
- "Structural Factor-Augmented VARs (SFAVARs) and the Effects of Monetary Policy", (with Francesco Belviso, Princeton University), Topics in Macroeconomics, Vol. 6, Iss. 3, 2006. [2]
- "Parameter Instability, Model Uncertainty and the Choice of Monetary Policy", (with Carlo A.
Favero, Bocconi University), Topics in Macroeconomics, Vol. 5, Iss. 1, 2005. [1]