Journal Article
Financial Conditions: Do the Ups and Downs Affect the Rest of the Economy?
Sanchez, Juan M.; Kim, Hee Sung (2017)
Do changes in the conditions of financial markets lead to changes in real economic activity? This question can be answered by analyzing the ups and downs in sales and investments of firms with different needs of external financing. The evidence suggests the causal effect is small.
The Regional Economist , Volume 25 , Issue 1

Journal Article
Why Is Inflation So Low?
Sanchez, Juan M.; Kim, Hee Sung (2018)
The U.S. inflation rate has been below the Fed?s 2 percent inflation target since 2012. In this article, we revisit the merits of some of the most common explanations for the current low inflation rate.
The Regional Economist , Volume 26 , Issue 1