.. publications:

Publications
===============

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.. figure:: _static/images/joey-shadow.png
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.. --------------  PAPER #21  ---------------------------------------------

.. topic:: Banking Concentration and Loan Market Power in a Frictional Loan Market

  Mei Dong, Stella Huangfu, Timothy Kam, and Sam Ng

  *European Economic Review* (2026), 188, 105393

  `Paper <https://doi.org/10.1016/j.euroecorev.2026.105393>`__ | Slides | `Source Code <https://github.com/phantomachine/BANKOOMP>`__ |

.. --------------  PAPER #20  ---------------------------------------------

.. topic:: Money and Imperfectly Competitive Credit

  Allen Head, Timothy Kam, Sam Ng and Isaac Pan

  *Journal of Economic Theory* (2025), 228, 106050

  `Paper <https://doi.org/10.1016/j.jet.2025.106050>`__ | Slides | `Source Code <https://github.com/phantomachine/BJBANKS>`__ |

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.. --------------  PAPER #19  ---------------------------------------------

.. topic:: On Endogenous Markups Distribution and the Pecuniary Externality of Credit on Monetary Exchange

  Timothy Kam, Hyungsuk Lee, Junsang Lee, and Sam Ng

  *European Economic Review* (2025), 187, 105112

  `Paper <https://doi.org/10.1016/j.euroecorev.2025.105112>`__ | `Source Code <https://github.com/phantomachine/MARKUPEX>`__ |

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.. --------------  PAPER #18  ---------------------------------------------

.. topic:: Inflation, Inequality and Welfare in a Competitive Search Model

  Timothy Kam, Tina Kao and Junsang Lee

  *Macroeconomic Dynamics* (2025), 29:e110

  `Paper <https://doi.org/10.1017/S136510052500032X>`__ | `Source Code <https://github.com/phantomachine/csm>`__ |

  .. index::
    single: Money; Distributions; Policy; Markets; Frictions

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.. --------------  PAPER #17  ---------------------------------------------

.. topic:: Volatility Shocks in Markets and Policies: What Matters for a Small Open Economy like Canada?

  Jamie Cross, Timothy Kam, and Aubrey Poon

  *Economic Modelling* (2025), 151, 107124

  `Paper <https://doi.org/10.1016/j.econmod.2025.107124>`__ | `Source Code <https://github.com/phantomachine/soerisky>`__ | 

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.. --------------  PAPER #16  ---------------------------------------------

.. topic:: Political Dynamics, Private Externality and the Provision of Public Goods

  Timothy Kam, Tina Kao and Yingying Lu

  *Journal of Economic Behavior and Organization* (2020), 177, 237-254

  `Paper <https://doi.org/10.1016/j.jebo.2020.06.007>`_ |
  `Source Code <https://github.com/phantomachine/votespill>`_ |


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.. --------------  PAPER #15  ---------------------------------------------

.. topic:: Sustainable International Monetary Policy Cooperation

  Ippei Fujiwara, Timothy Kam and Takeki Sunakawa

  *Journal of Economic Dynamics and Control* (2019), 106, 103721

  `FKS2 Manuscript <https://github.com/phantomachine/OSIMP>`_ |
  `FKS2 Published <https://doi.org/10.1016/j.jedc.2019.103721>`_ |
  `Dallas Fed WP <https://www.dallasfed.org/~/media/documents/institute/wpapers/2015/0234.pdf>`_ |
  `FKS2 Source Codes <https://github.com/phantomachine/OSIMP/tree/master/codes>`_ |
  :download:`BiBTeX <https://github.com/phantomachine/OSIMP/blob/master/citeus.bib>`


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.. --------------  PAPER #14   ---------------------------------------------

.. topic:: On Two Notions of Imperfect Credibility in Optimal Monetary Policies

  Ippei Fujiwara, Timothy Kam and Takeki Sunakawa

  *Economics Letters* (2019), 174, 22-25

  `FKS1 Published <https://doi.org/10.1016/j.econlet.2018.10.010>`_ |

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.. --------------  PAPER #13   ---------------------------------------------

.. topic:: Nominal Exchange Rate Determinacy Under the Threat of Currency Counterfeiting

  Pedro Gomis-Porqueras, Timothy Kam and Chris Waller

  *American Economic Journal: Macroeconomics* (2017), 9(2), 256-273

  `GKW Manuscript <https://github.com/phantomachine/gkwcurse/blob/master/main_unpublished-longversion.pdf>`_ |
  `GKW Published <http://www.aeaweb.org/articles?id=10.1257/mac.20150172>`_ |
  `GKW Source Codes (Python) <https://github.com/phantomachine/gkwcurse>`_ |
  :download:`BiBTeX <_static/bib/gkwcurse.bib>`

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.. --------------  PAPER #12   ---------------------------------------------

.. topic:: On Weak Identification in Structural VAR(MA) Models

  Wenying Yao, Timothy Kam and Farshid Vahid

  *Economics Letters* (2017), 156, 1-6

  :download:`Paper <_static/papers/ykvvarmita.pdf>` |
  `YKV Published <https://doi.org/10.1016/j.econlet.2017.03.035>`_ |
  `YKV Source Codes (GAUSS/MATLAB) <https://github.com/farshid-vahid/varma-weak-identification>`_ |
  :download:`BiBTeX <_static/bib/ykvvarmita.bib>`

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.. --------------  PAPER #11   ---------------------------------------------

.. topic:: Regional Economic Growth Disparities: A Political Economy Perspective

  Tomohito Okabe and Timothy Kam

  *European Journal of Political Economy* (2017), 46, 26-39

  `OK Manuscript <https://github.com/phantomachine/OKPOLREG/blob/master/okpolreg.pdf>`_ |
  `OK Published <https://doi.org/10.1016/j.ejpoleco.2016.10.009>`_ |
  `OK Source Codes (Python) <https://github.com/phantomachine/OKPOLREG>`_ |
  :download:`BiBTeX <_static/bib/okpolreg.bib>`

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.. --------------  PAPER #10   ---------------------------------------------

.. topic:: Solving dynamic public insurance games with endogenous agent distributions: Theory and computational approximation

  Timothy Kam and Ronald Stauber

  *Journal of Mathematical Economics* (2016), 64, 77-98

  `KS Manuscript <https://github.com/phantomachine/HARDPIG/blob/master/kshardpig.pdf>`_ |
  `KS Published <https://doi.org/10.1016/j.jmateco.2016.03.004>`_ |
  `KS Source Codes (MATLAB/MEX/C) <https://github.com/phantomachine/HARDPIG>`_ |
  `Docs <https://phantomachine.github.io/HARDPIG/>`_ |
  :download:`BiBTeX <_static/bib/kshardpig.bib>`

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.. --------------  PAPER #9   ---------------------------------------------

.. topic:: Anatomizing Incomplete-markets Small Open Economies: Policy Trade-offs and Equilibrium Determinacy

  Jaime Alonso-Carrera and Timothy Kam

  *Macroeconomic Dynamics* (2016), 20(4), 1022-1050

  `AK Manuscript and Source Codes <https://github.com/phantomachine/aksoe>`_ |
  `AK Published <https://doi.org/10.1017/S1365100514000728>`_ |
  :download:`BiBTeX <_static/bib/aksoe.bib>`

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.. --------------  PAPER #8   ---------------------------------------------

.. topic:: On Stationary Recursive Equilibria and Non-degenerate State Spaces: The Huggett Model

  Timothy Kam and Junsang Lee

  *Journal of Mathematical Economics* (2014), 50, 156-159

  :download:`KL Manuscipt <_static/papers/klhug.pdf>` |
  `KL Published <https://doi.org/10.1016/j.jmateco.2013.09.009>`_ |
  :download:`BiBTeX <_static/bib/klhug.bib>`

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.. --------------  PAPER #7   ---------------------------------------------

 (2013):
.. topic:: Money, Capital and Exchange Rate Fluctuations

  Pere Gomis-Porqueras, Timothy Kam and Junsang Lee

  *International Economic Review* (2013), 54(1), 329-353

  `GKL Manuscript <https://github.com/phantomachine/KLOPENSEARCH/blob/master/klopensearch.pdf>`__ |
  `GKL Published <http://dx.doi.org/10.1111/j.1468-2354.2012.00735.x>`_ |
  `GKL Source Codes (MATLAB) <https://github.com/phantomachine/klopensearch>`_ |
  :download:`BiBTeX <_static/bib/klopensearch.bib>`

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.. --------------  PAPER #6   ---------------------------------------------

.. topic:: Uncovering the Hit List for Small Inflation Targeters: A Bayesian Structural Analysis

  Timothy Kam, Kirdan Lees and Philip Liu

  *Journal of Money, Credit and Banking* (2009), 41(4), 583-618

  `KLL Manuscript <https://github.com/phantomachine/soecb-markov/blob/master/kllsoecbmarkov.pdf>`_ |
  `KLL Published <http://dx.doi.org/10.1111/j.1538-4616.2009.00224.x>`_ |
  `KLL Source Codes (MATLAB) and Data <https://github.com/phantomachine/soecb-markov>`_ |
  :download:`BiBTeX <_static/bib/kllsoecbmarkov.bib>`

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.. --------------  PAPER #5   ---------------------------------------------

.. topic:: Bonds with Transactions Service and Optimal Ramsey Policy

  Yifan Hu and Timothy Kam

  *Journal of Macroeconomics*, 31: 633-653

  `HK Manuscript <https://github.com/phantomachine/hkbonds/blob/master/hkbonds.pdf>`_ |
  `HK Published <https://doi.org/10.1016/j.jmacro.2009.01.006>`_ |
  `HK Source Codes (MATLAB) and Data <https://github.com/phantomachine/hkbonds>`_ |
  :download:`BiBTeX <_static/bib/hkbonds.bib>`

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.. --------------  PAPER #4   ---------------------------------------------

.. topic:: Gains from Interest-rate Smoothing in a Small Open Economy with Zero-bound Aversion

  Timothy Kam

  *North American Journal of Economics and Finance* (2009), 20, 24-45

  `K2 Published <https://doi.org/10.1016/j.najef.2009.01.001>`_ |
  :download:`BiBTeX <_static/bib/irzero.bib>`

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.. --------------  PAPER #3   ---------------------------------------------

.. topic:: Public Capital Spillovers and Growth Revisited: A long-run and Dynamic Structural Analysis

  Timothy Kam and Yi-Chia Wang

  *Economic Record*  (2008), 84(266), 378-392

  `KW Published <http://dx.doi.org/10.1111/j.1475-4932.2008.00498.x>`_ |
  :download:`BiBTeX <_static/bib/pubcap.bib>`

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.. --------------  PAPER #2   ---------------------------------------------

.. topic:: How Costly is Exchange Rate Stabilisation for an Inflation Targeter? The Case of Australia

  Mark Crosby, Timothy Kam and Kirdan Lees

  *Economic Record* (2008), 84, 354-365

  `CKL Published <http://dx.doi.org/10.1111/j.1475-4932.2008.00496.x>`_ |
  :download:`BiBTeX <_static/bib/erstabcost.bib>`

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.. --------------  PAPER #1   ---------------------------------------------

.. topic:: Interest Rate Smoothing in a Two-Sector Small Open Economy

  Timothy Kam

  *Journal of Macroeconomics* (2007), 29(2), 283-304

  `K1 Published <https://doi.org/10.1016/j.jmacro.2005.04.006>`_ |
  :download:`BiBTeX <_static/bib/irsmooth.bib>`