{"id":28,"date":"2022-05-23T19:44:35","date_gmt":"2022-05-23T19:44:35","guid":{"rendered":"https:\/\/academic.csuohio.edu\/ngo-phuong\/?page_id=28"},"modified":"2022-05-23T19:44:36","modified_gmt":"2022-05-23T19:44:36","slug":"research","status":"publish","type":"page","link":"https:\/\/academic.csuohio.edu\/ngo-phuong\/research\/","title":{"rendered":"Research"},"content":{"rendered":"\n

Research<\/h1>\n\n\n\n

Publication\/Accepted<\/strong><\/h2>\n\n\n\n

Variance Decomposition Analysis for Nonlinear Economic Models (with Maksim Isakin). December 2020.\u00a0The Oxford Bulletin of Economics and Statistics<\/em>, Volume 82, Issue 6, pp. 1362 – 1374.\u00a0[Journal Version] <\/a>,\u00a0[Old Version]<\/a><\/em><\/p>\n\n\n\n

Fiscal Multiplers at the Zero Lower Bound: The Role of Government Spending Persistence. September 2019.\u00a0Macroeconomic Dynamics<\/em>.\u00a0[Journal Version] <\/a>\u00a0<\/em>\u00a0[Old Version]<\/a><\/em><\/p>\n\n\n\n

Inflation Volatility with Regime Switching (with Maksim Isakin). May 2019.\u00a0The Oxford Bulletin of Economics and Statistics<\/em>, Volume 81, Issue 6, pp. 1362 – 1375.\u00a0[Journal Version] <\/a>\u00a0<\/em>\u00a0[Old Version]<\/a><\/em><\/p>\n\n\n\n

Does Calvo Meet Rotermberg at the Zero Lower Bound? (with Jianjun Miao). September 2018.\u00a0Macroeconomic Dynamics.<\/em>\u00a0[Journal Version]<\/em>\u00a0 <\/a>[Old Version]<\/a>\u00a0<\/em><\/p>\n\n\n\n

The Risk of Hitting the Zero Lower Bound and the Optimal Inflation Target. May 2017.\u00a0Macroeconomic Dynamics,<\/em>\u00a0Vol 22 (2) (March 2018), pp. 402 425. (Published online: 02 May 2017).\u00a0[Journal Version],\u00a0 <\/a>[Working Paper]<\/a>\u00a0<\/em>\u00a0<\/p>\n\n\n\n

Household Leverage, Housing Markets, and Macroeconomic Fluctuations. June 2015.\u00a0Journal of Macroeconomics\u00a0<\/em>Vol. 44 (June 2015), p. 191-207.\u00a0[Journal Version], <\/a>\u00a0[Working Paper]<\/a>\u00a0\u00a0<\/em><\/p>\n\n\n\n

Optimal Discretionary Monetary Policy in a Micro-Founded Model with a Zero Lower Bound on Nominal Interest Rate. August 2014.\u00a0Journal of Economic Dynamics and Control<\/em>, Vol. 45 (August 2014), p. 44-65.\u00a0[Journal Version], <\/a>\u00a0[Working Paper]<\/a><\/em><\/p>\n\n\n\n

Habit Formation in State-Dependent Pricing Models: Implications for the Dynamics of Output and Inflation. June 2014.\u00a0Economics Letters\u00a0<\/em>, Vol. 123, Issue 3 (June 2014), p. 336-340.\u00a0[Journal Version] <\/a>\u00a0[Working Paper]<\/a><\/em><\/p>\n\n\n\n

Working Papers<\/strong><\/h2>\n\n\n\n

Risk Premia at the ZLB: A Macroeconomic Interpretation (with Francois Gourio). January 2020.\u00a0[New Version]<\/a>,\u00a0[Online Appendix]<\/a><\/em><\/p>\n\n\n\n

Multiplicity in New Keynesian\u00a0 Models (with Maksim Isakin). December 2019.\u00a0[New Version]<\/a>,\u00a0[Old Version]<\/a><\/em><\/p>\n\n\n\n

Stock Price Fluctuations and Productivity Growth (with Diego Comin, Mark Gertler, and Ana Maria Santacreu). September 2016.\u00a0[New Version (coming)],\u00a0[Old Version]<\/a>\u00a0(R&R)<\/em><\/p>\n\n\n\n

Work in Progress<\/strong><\/h2>\n\n\n\n

Downward Nominal Rigidities as a Source of Time-Varying Risk Premia (with Francois Gourio).<\/p>\n\n\n\n

Macroeconomic Implications of Downward Nominal Rigidities at the ZLB.<\/p>\n\n\n\n

Passive Monetary Policy and Asset Prices (with Maksim Isakin).<\/p>\n\n\n\n

Inflation Dynamics in New Keynesian Models with Regime Switching (with Maksim Isakin).<\/p>\n\n\n\n

Effects of Inflation Targeting on the Macroeconomy.<\/p>\n\n\n\n

Costly Information, Financial Frictions, and Endogenous Growth.<\/p>\n\n\n\n

Optimal Inflation with Recursive Prefereces in the Presence of the Zero Lower Bound.<\/p>\n\n\n\n

Credit Shocks in a Deleveraging Model with Housing.Optimal Leverage.<\/p>\n\n\n\n

Others <\/strong><\/h2>\n\n\n\n

A Distributional Analysis of Adopting the FairTax: A comparison of the Current Tax System and the FairTax Plan, (with David Tuerck, Jonathan Haughton, Paul Bachman, Alfonso Sanchez-Penalver),\u00a0Working Paper, Beacon Hill Institute,<\/em>\u00a02007.\u00a0[PDF]<\/a>\u00a0<\/p>\n\n\n\n

The Economic Effects of the FairTax: Results from the Beacon Hill Institute CGE Model, (with David Tuerck, Jonathan Haughton, Keshab Bhattarai, Alfonso Sanchez-Penalver),\u00a0Working Paper, Beacon Hill Institute,<\/em>\u00a02007.\u00a0[PDF]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Research Publication\/Accepted Variance Decomposition Analysis for Nonlinear Economic Models (with Maksim Isakin). December 2020.\u00a0The Oxford Bulletin of Economics and Statistics, Volume 82, Issue 6, pp. 1362 – 1374.\u00a0[Journal Version] ,\u00a0[Old Version] Fiscal Multiplers at the Zero Lower Bound: The Role of Government Spending Persistence. September 2019.\u00a0Macroeconomic Dynamics.\u00a0[Journal Version] \u00a0\u00a0[Old Version] Inflation Volatility with Regime Switching…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"class_list":["post-28","page","type-page","status-publish","hentry"],"featured_image_src":null,"_links":{"self":[{"href":"https:\/\/academic.csuohio.edu\/ngo-phuong\/wp-json\/wp\/v2\/pages\/28","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/academic.csuohio.edu\/ngo-phuong\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/academic.csuohio.edu\/ngo-phuong\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/academic.csuohio.edu\/ngo-phuong\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/academic.csuohio.edu\/ngo-phuong\/wp-json\/wp\/v2\/comments?post=28"}],"version-history":[{"count":3,"href":"https:\/\/academic.csuohio.edu\/ngo-phuong\/wp-json\/wp\/v2\/pages\/28\/revisions"}],"predecessor-version":[{"id":47,"href":"https:\/\/academic.csuohio.edu\/ngo-phuong\/wp-json\/wp\/v2\/pages\/28\/revisions\/47"}],"wp:attachment":[{"href":"https:\/\/academic.csuohio.edu\/ngo-phuong\/wp-json\/wp\/v2\/media?parent=28"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}