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Donggyu Lee

Federal Reserve Banks - Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

12

DOWNLOADS

1,401

TOTAL CITATIONS

6

Scholarly Papers (12)

1.

Estimating HANK for Central Banks

FRB of New York Staff Report No. 1071, https://doi.org/10.59576/sr.1071
Number of pages: 37 Posted: 23 Aug 2023
Government of Canada - Bank of Canada, Massachusetts Institute of Technology (MIT), Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Duke University, Harvard University, Business School (HBS), Harvard University, Harvard Kennedy School (HKS), Federal Reserve Banks - Federal Reserve Bank of New York, Massachusetts Institute of Technology (MIT) and University of Pennsylvania
Downloads 426 (173,635)
Citation 2

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HANK, Bayesian inference, sequential Monte Carlo methods

2.

Unconventional Monetary Policies and Inequality

https://doi.org/10.59576/sr.1108, FRB of New York Staff Report No. 1108, Rev. October 2024. Previous title "Quantitative Easing and Inequality" 
Number of pages: 86 Posted: 09 Jul 2024
Donggyu Lee
Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 358 (209,635)
Citation 1

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inequality, quantitative easing, Bayesian estimation, unconventional monetary policy, Heterogeneous Agent New Keynesian (HANK), zero lower bound

3.
Downloads 261 (293,053)
Citation 2

Income Inequality and Job Creation

FRB of New York Staff Report No. 1021, Rev. November 2024
Number of pages: 75 Posted: 29 Jun 2022 Last Revised: 19 Nov 2024
Donggyu Lee, Sebastian Doerr and Thomas Drechsel
Federal Reserve Banks - Federal Reserve Bank of New York, Bank for International Settlements and University of Maryland, College Park
Downloads 260 (291,721)
Citation 2

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income inequality, household heterogeneity, bank lending, job creation, business dynamism

Income Inequality and Job Creation

CEPR Discussion Paper No. DP17342
Number of pages: 68 Posted: 23 Jun 2022
Sebastian Doerr, Thomas Drechsel and Donggyu Lee
Bank for International Settlements, University of Maryland, College Park and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 1 (1,664,434)

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bank lending, Financial Frictions, Household heterogeneity, Income inequality, job creation, small businesses

Tradeoffs for the Poor, Divine Coincidence for the Rich

FRB of New York Staff Report No. 1147, https://doi.org/10.59576/sr.1147
Number of pages: 50 Posted: 02 Apr 2025
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 126 (578,547)

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inequality, monetary policy, HANK models, inflation

Tradeoffs for the Poor, Divine Coincidence for the Rich

Number of pages: 49 Posted: 12 Apr 2025
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 43 (1,183,247)

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Inflation, Inequality, Monetary policy, HANK models

5.

The New York Fed DSGE Model: A Post-Covid Assessment

FRB of New York Staff Report No. 1082, https://doi.org/10.59576/sr.1082
Number of pages: 18 Posted: 11 Jan 2024
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Duke University, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 159 (469,621)

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DSGE models, real-time forecasts, inflation

6.

Income Inequality and Job Creation

NBER Working Paper No. w33137
Number of pages: 75 Posted: 12 Nov 2024 Last Revised: 13 Nov 2024
Sebastian Doerr, Thomas Drechsel and Donggyu Lee
Bank for International Settlements, University of Maryland, College Park and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 28 (1,345,526)
Citation 1
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7.

On the Distributional Consequences of Responding Aggressively to Inflation

Liberty Street Economics
Posted: 08 Jul 2024
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

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HANK, Heterogeneous Agent New Keynesian (HANK), monetary policy, inflation, inequality

8.

On the Distributional Effects of Inflation and Inflation Stabilization

Liberty Street Economics
Posted: 08 Jul 2024
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

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HANK, Heterogeneous Agent New Keynesian (HANK), monetary policy, inflation, inequality

9.

The New York Fed DSGE Model Perspective on the Lagged Effect of Monetary Policy

Liberty Street Economics
Posted: 22 Nov 2023
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

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DSGE, forecasting, lagged effects, monetary policy, NY Fed

10.

A Bayesian VAR Model Perspective on the Lagged Effect of Monetary Policy

Liberty Street Economics
Posted: 21 Nov 2023
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

Abstract:

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Forecasts, lagged effects, monetary policy

11.

Does Income Inequality Affect Small Firms?

Liberty Street Economics
Posted: 05 Oct 2023
Donggyu Lee, Thomas Drechsel and Sebastian Doerr
Federal Reserve Banks - Federal Reserve Bank of New York, University of Maryland, College Park and Bank for International Settlements

Abstract:

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income inequality, job creation, small firms, business dynamism

12.

The New York Fed DSGE Model Forecast— September 2023

Liberty Street Economics
Posted: 25 Sep 2023
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

Abstract:

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DSGE, forecasting