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Sunspots and inflation-indexed bonds

Kang, Minwook - 2014

Persistent link: https://www.econbiz.de/10010370350

The welfare cost of excess volatility in incomplete markets with sunspots

Kang, Minwook - In: Macroeconomic dynamics 23 (2019) 3, pp. 1062-1073

Persistent link: https://www.econbiz.de/10012126879

Inflation-linked bonds in incomplete markets with sunspots

Kang, Minwook - In: Macroeconomic dynamics 27 (2023) 4, pp. 928-944

Persistent link: https://www.econbiz.de/10014306673

Winners and losers from price-level volatility : money taxation and information frictions

Cozzi, Guido; Goenka, Aditya; Kang, Minwook; Shell, Karl - In: Sunspots and non-linear dynamics : essays in honor of …, (pp. 287-402). 2017

Persistent link: https://www.econbiz.de/10011850418

Price-level volatility and welfare in incomplete markets with sunspots

Kang, Minwook - In: Journal of mathematical economics 56 (2015), pp. 58-66

Persistent link: https://www.econbiz.de/10011342961

The Real Effects of Inflation Volatility Driven by Sunspots

Kang, Minwook - 2022

This paper provides a theoretical approach to investigate the real effects of inflation volatility driven by a self-fulfilling prophecy (i.e., sunspot equilibrium) on investment, capital accumulation, and welfare in a representative-agent macroeconomics model. The model is constructed based on...

Persistent link: https://www.econbiz.de/10014078089