Photo of Choongryul Yang

Choongryul Yang

Education

  • Ph.D., Economics, University of Texas at Austin, 2020
  • M.S., Economics, University of Texas at Austin, 2016
  • M.A., Economics, Sogang University, 2013
  • B.A., Economics, Sogang University, 2011
Current Research Topics
  • Monetary and Fiscal Policy
  • Expectations Formation and Business Cycles
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2023 - present
  • Economist

    Board of Governors of the Federal Reserve System

    2020 - 2023
  • Effects of monetary policy on household expectations: The role of homeownership
    Hie Joo Ahn, Shihan Xie, and Choongryul Yang
    Journal of Monetary Economics (Forthcoming)
    https://doi.org/10.1016/j.jmoneco.2024.103599
    See also » FRB Working Paper (2022)
  • What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?
    Hassan Afrouzi, Joel P. Flynn, and Choongryul Yang
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.053
  • Land development and frictions to housing supply over the business cycle
    Hyunseung Oh, Choongryul Yang, and Chamna Yoon
    Finance and Economics Discussion Series (2024)
    https://doi.org/10.17016/FEDS.2024.010
  • Redistribution and the monetary‐fiscal policy mix
    Saroj Bhattarai, Jae Won Lee, and Choongryul Yang
    Quantitative Economics (2023)
    https://doi.org/10.3982/QE2030
    See also » FRB Working Paper (2022)
  • Rational inattention, menu costs, and multi-product firms: Micro evidence and aggregate implications
    Choongryul Yang
    Journal of Monetary Economics (2022)
    https://doi.org/10.1016/j.jmoneco.2022.04.004
  • Local Scars of the US Housing Crisis
    Saroj Bhattarai, Felipe Schwartzman, and Choongryul Yang
    Journal of Monetary Economics (2021)
    https://doi.org/10.1016/j.jmoneco.2021.02.001
  • Dynamic Rational Inattention and the Phillips Curve
    Hassan Afrouzi and Choongryul Yang
    CESifo Working Papers (2021)
  • Essays on Monetary and Fiscal Policy
    Choongryul Yang
    Dissertations (University of Texas) (2020)
  • Macroeconomic Effects of Capital Tax Rate Changes
    Saroj Bhattarai, Jae Won Lee, Woong Yong Park, and Choongryul Yang
    CESifo Working Papers (2019)
    See also » FRB Working Paper (2022)
Awards
  • 2020

    Society of Computational Economics

    Best Graduate Student Paper

  • 2020

    University of Texas at Austin

    Dissertation Writing Fellowship

  • 2018

    Federal Reserve Bank of Boston

    Dissertation Fellowship

Referee
  • American Economic Journal: Macroeconomics
  • American Economic Review: Insights
  • Applied Economics Letters
  • Econometrica
  • Economics Letters
  • International Economic Review
  • International Journal of Forecasting
  • Journal of Economic Dynamics and Control
  • Journal of Economic Studies
  • Journal of Economic Theory and Econometrics
  • Journal of Monetary Economics
  • Journal of Money, Credit and Banking
  • Korean Economic Review
  • Macroeconomic Dynamics
  • Review of Economic Dynamics
  • Review of Economics and Statistics
  • The B.E. Journal of Macroeconomics
Professional Affiliation
  • Member, Econometric Society
  • Member, American Economic Association
  • Member, Korean-American Economic Association
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Last Update: August 5, 2024