Daeha Cho

Financial frictions and the welfare effect of business cycles

Daeha Cho, Kwang Hwan Kim, Hye Rim Yi

Journal article  |  2020  |  Applied Economics Letters

This paper studies the implications of financial frictions on the welfare effects of business cycles, using the agency cost model ..

Redistribution and Optimal Monetary Policy

Daeha Cho, Kwang Hwan Kim

Journal article  |  2018  |  Journal of Economic Theory and Econometrics

This paper departs from the representative-agent assumption and investigates how optimal monetary policy should be conducted in a ..

Deep habits, rule-of-thumb consumers, and fiscal policy

D Cho, KH Kim

Journal article  |  2013  |  Korean Economic Review