Non-Technical Articles for General Audience

Baby Boomers vs. Millennials Through Monetary Policy?

FRB Philadelphia Economic Insights, 2020 Q4, pp. 1-11.

I explore how desirable monetary policy could be affected when the society is aging, as in the U.S. and many other countries.

Taxing the 1 Percent

FRB Philadelphia Economic Insights, 2017 Q2, pp. 1-10.

I explore pros and cons of heavily taxing high income earners.

The Redistributive Consequences of Monetary Policy

FRB Philadelphia Business Review, 2015 Q2, pp. 9-16.

I explore how monetary policy affects diverse households in a society differently, and potentially creates winners and losers.

- Cited in Ben Bernanke's blog.

- Featured in Wall Street Journal.

- Cited in Japanese edition of Wall Street Journal.

- Featured in Reuter article.

The Diverse Impacts of the Great Recession

FRB Philadelphia Business Review, 2013 Q2, pp. 17-29.

I illustrate how the Great Recession affected diverse households differently.

Everything You Always Wanted to Know about Reverse Mortgages but were Afraid to Ask

FRB Philadelphia Business Review, 2012 Q1, pp. 19-31.

I explain characteristics of Reverse Mortgage Loans (RMLs).

Understanding House-Price Dynamics

FRB Philadelphia Business Review, 2011 Q2, pp. 20-28.

I present a simple theory of house price determination and use the theory to explore what are the main drivers of house price dynamics over the past 30 years.