Working Papers

Current working papers and works in progress.

Looking for a loving home

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Inflationary Redistribution vs. Trading Opportunities

Timothy Kam and Junsang Lee

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Uncertainty Shocks in Markets and Policies: What Matters for a Small Open Economy?

Jamie Cross, Timothy Kam, and Aubrey Poon

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In Progress and Planned Projects

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Endogenous Liquidity Channel with Non-degenerate Distributions: The Dynamics of Monetary Non-neutrality

Timothy Kam and Junsang Lee

Endogenous Liquidity Channel and Banking with Non-degenerate Distributions II: The Dynamics of Monetary Non-neutrality

Timothy Kam, Junsang Lee and Sam Ng

Endogenous Liquidity Channel and Banking with Non-degenerate Distributions I: Welfare and Inequality

Timothy Kam, Junsang Lee and Sam Ng

Money, Capital and Endogenous Liquidity: Welfare Misallocations

Timothy Kam, Junsang Lee and Liang Wang

Competitive Search and Limited Asset Market Participation over the Monetary Business Cycle

Timothy Kam, Junsang Lee, Amy Sun and Liang Wang

A Political Economy of Urbanized Inequality II: A Structural Econometric Investigation

Timothy Kam, Tina Kao, Juergen Meinecke and Tomohito Okabe

A Political Economy of Urbanized Inequality I: Theory

Timothy Kam, Tina Kao, Juergen Meinecke and Tomohito Okabe

Urban Politics, Housing and Income Inequality: Some Empirical Facts

Timothy Kam, Tina Kao, Juergen Meinecke and Tomohito Okabe

Minimum Consumption Requirements, Equilibrium Multiplicity and Fiscal Stabilization

Jaime Alonso-Carrera, Begona Dominguez and Timothy Kam

State Politics, Placed-based Policies and Regional Unemployment

Timothy Kam, Tomohito Okabe and Jose Ignacio Silva

Bubbles, Cycles and Endogenous Optimism in Asset Prices

Timothy Kam, Minh-Ngoc Nguyen and Takeki Sunakawa