4 papers
Who's at Risk? Effects of Inflation on Unemployment Risk
Hie Joo Ahn, Lam Nguyen
We empirically investigate the distributional effects of inflation on workers' unemployment tail risks using instrumental variable quantile regression. We find that supply-driven i…
Stock-driven Household Attention
Hie Joo Ahn, Shihan Xie
We investigate the effects of stockholding on households' attention to the macroeconomy. Households' attentiveness is measured by their accuracy of inflation expectations and perce…
Revealing Cluster Structures Based on Mixed Sampling Frequencies
Yeonwoo Rho, Yun Liu, Hie Joo Ahn
This paper proposes a new linearized mixed data sampling (MIDAS) model and develops a framework to infer clusters in a panel regression with mixed frequency data. The linearized MI…
Dynamic Beveridge Curve Accounting
Hie Joo Ahn, Leland D. Crane
We develop a dynamic decomposition of the empirical Beveridge curve, i.e., the level of vacancies conditional on unemployment. Using a standard model, we show that three factors ca…