Journal Article
How Important Are Production Networks to the U.S. Economy?
Hong, Sungki; Sun, Qiuhan; Shell, Hannah (2018)
As manufacturing grows more sophisticated, industries become more interconnected through production networks.
The Regional Economist , Volume 26 , Issue 4

Journal Article
Moving In, Moving Out: The Migration Pattern of the Eighth District
Hong, Sungki; Shell, Hannah (2019)
Education and income differed between those leaving and those entering the District states from 2013-2017.
The Regional Economist , Volume 27 , Issue 3

Journal Article
U.S. States Hit the Hardest by COVID-19 Have Lower Unemployment Risks
Werner, Devin; Hong, Sungki (2020-04-03)
States with relatively more COVID-19 cases tend to have a workforce less likely to face unemployment.
Economic Synopses , Issue 12

What Are the Fed’s Dollar Swap Lines and FIMA Repos, and Why Do They Matter?
Werner, Devin; Hong, Sungki (2020-10-08)
Making it easier for central banks to access U.S. dollars helps calm exchange rate volatility and allow markets and credit lines to operate smoothly.
On the Economy

Journal Article
The Impact of Automation on Inequality
Hong, Sungki; Shell, Hannah (2018)
Occupations with large employment and low income have a higher automation probability.
Economic Synopses , Issue 29 , Pages 1-2

Journal Article
Factors Behind the Decline in the U.S. Natural Rate of Interest
Hong, Sungki; Shell, Hannah (2019-04-19)
Longer lives and fewer babies have contributed to a lower natural rate of interest.
Economic Synopses , Issue 11

Firms Start with Fewer Employees over Last 25 Years
Werner, Devin; Hong, Sungki (2020-09-08)
The average new firm that is less than a year old had 20% fewer workers in 2019 than it did in 1994.
On the Economy

Startups Account for Smaller Share of U.S. Jobs
Werner, Devin; Hong, Sungki (2020-06-23)
Since 1994, startup firms have seen their share of U.S. employment shrink.
On the Economy

Journal Article
Firms’ Price-Markup Dynamics During the Great Recession
Hong, Sungki (2018)
The customer capital model is consistent with Great Recession markup dynamics.
Economic Synopses , Issue 20 , Pages 1-2

Did the Fed’s Dollar Swap Lines Work?
Werner, Devin; Hong, Sungki (2020-11-24)
In March, the Federal Reserve took steps to increase the supply of dollars to foreign markets to ensure liquidity and lessen volatility. Did the policies work?
On the Economy