Choongryul Yang

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

11

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1,047

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10

Scholarly Papers (11)

1.

Dynamic Rational Inattention and the Phillips Curve

CESifo Working Paper No. 8840
Number of pages: 72 Posted: 26 Jan 2021
Hassan Afrouzi and Choongryul Yang
Columbia University and Board of Governors of the Federal Reserve System
Downloads 348 (176,662)

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Macroeconomic Effects of Capital Tax Rate Changes

Globalization Institute Working Paper No. 391
Number of pages: 105 Posted: 30 Jun 2020 Last Revised: 11 Jan 2022
University of Texas at Austin - Department of Economics, University of Virginia - Department of Economics, Seoul National University and Board of Governors of the Federal Reserve System
Downloads 71 (672,905)

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Macroeconomic Effects of Capital Tax Rate Changes

CESifo Working Paper No. 7630
Number of pages: 86 Posted: 14 May 2019
University of Texas at Austin - Department of Economics, Seoul National University, University of Virginia - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 66 (699,452)

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capital tax rate, permanent change in the tax rate, capital-skill complementarity, skill premium, inequality, transition dynamics, monetary policy response

Macroeconomic Effects of Capital Tax Rate Changes

FEDS Working Paper No. 2022-27
Number of pages: 70 Posted: 24 May 2022
University of Texas at Austin - Department of Economics, University of Virginia - Department of Economics, Seoul National University and Board of Governors of the Federal Reserve System
Downloads 34 (932,660)

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Capital tax rate, Distortionary financing, Capital-skill complementarity, Inequality, Welfare implications

3.

Dynamic Rational Inattention and the Phillips Curve

Number of pages: 36 Posted: 17 Oct 2019
Hassan Afrouzi and Choongryul Yang
Columbia University and Board of Governors of the Federal Reserve System
Downloads 119 (479,745)
Citation 8

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Rational Inattention, Dynamic Information Acquisition, Phillips Curve

Redistribution and the Monetary–Fiscal Policy Mix

CAMA Working Paper No. 107/2020
Number of pages: 48 Posted: 16 Dec 2020
Saroj Bhattarai, Jae Won Lee and Choongryul Yang
University of Texas at Austin - Department of Economics, University of Virginia - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 49 (807,073)

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Household heterogeneity, Redistribution, Monetary-fiscal policy mix, Transfer multiplier, Welfare evaluation, Covid-19, CARES Act

Redistribution and the Monetary-Fiscal Policy Mix

CESifo Working Paper No. 8779
Number of pages: 47 Posted: 28 Dec 2020
Saroj Bhattarai, Jae Won Lee and Choongryul Yang
University of Texas at Austin - Department of Economics, University of Virginia - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 40 (878,068)

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5.

Redistribution and the Monetary–Fiscal Policy Mix

FEDS Working Paper No. 2021-13
Number of pages: 47 Posted: 14 Jun 2021 Last Revised: 30 Jun 2021
Saroj Bhattarai, Jae Won Lee and Choongryul Yang
University of Texas at Austin - Department of Economics, University of Virginia - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 87 (590,782)
Citation 2

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6.

Land Development and Frictions to Housing Supply Over the Business Cycle

FEDS Working Paper No. 2024-10
Number of pages: 41 Posted: 27 Feb 2024
Hyunseung Oh, Choongryul Yang and Chamna Yoon
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Seoul National University
Downloads 68 (681,780)

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Housing supply, House price dynamics, Residential investment

7.

Effects of Monetary Policy on Household Expectations: The Role of Homeownership

FEDS Working Paper No. 2022-65
Number of pages: 50 Posted: 05 May 2023
Hie Joo Ahn, Shihan Xie and Choongryul Yang
Board of Governors of the Federal Reserve System, University of Illinois at Urbana-Champaign - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 57 (737,161)

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Inflation expectations, Homeownership, Rational inattention

8.

Shocks, Frictions, and Policy Regimes: Understanding Inflation after the COVID-19 Pandemic

Number of pages: 54 Posted: 03 Jan 2024
Taeyoung Doh and Choongryul Yang
Federal Reserve Bank of Kansas City and Board of Governors of the Federal Reserve System
Downloads 55 (749,378)

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Inflation persistence, COVID-19, Sectoral reallocation, Inflation feedback, Production friction

9.

The Persistent Employment Effects of the 2006-09 U.S. Housing Wealth Collapse

FRB Richmond Working Paper No. 19-7
Number of pages: 51 Posted: 28 Mar 2019 Last Revised: 29 Apr 2020
Saroj Bhattarai, Felipe F. Schwartzman and Choongryul Yang
University of Texas at Austin - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Richmond and Board of Governors of the Federal Reserve System
Downloads 38 (871,994)

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U.S. housing collapse, housing net worth, Housing wealth, Persistent employment effects, Regional analysis, Local labor markets, Financial crises, Sectoral effects

10.

What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?

FEDS Working Paper No. 2024-53
Number of pages: 55 Posted: 29 Jul 2024
Hassan Afrouzi, Joel Flynn and Choongryul Yang
Columbia University, Yale University and Board of Governors of the Federal Reserve System
Downloads 10 (1,176,436)

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Measured beliefs, Nominal rigidities, Rational inattention, Monetary non-neutrality

11.

What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?

NBER Working Paper No. w32541
Number of pages: 55 Posted: 11 Jun 2024
Hassan Afrouzi, Joel Flynn and Choongryul Yang
Columbia University, Yale University and Board of Governors of the Federal Reserve System
Downloads 5 (1,231,970)
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