Choongryul Yang
Research Economist and Assistant Adviser
About
Choongryul Yang is a research economist and assistant adviser on the macroeconomics and monetary policy team in the research department at the Federal Reserve Bank of Atlanta. His primary field of study is macroeconomics, with a focus on monetary and fiscal policy, expectations formation, inflation dynamics, and housing market dynamics.
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Biography
Choongryul Yang is a research economist and assistant adviser on the macroeconomics and monetary policy team in the Research Department at the Federal Reserve Bank of Atlanta. His primary field of study is macroeconomics, with a focus on monetary and fiscal policy, expectations formation, inflation dynamics, and housing market dynamics.
Prior to joining the Atlanta Fed in 2026, Dr. Yang served as a senior economist at the Federal Reserve Board of Governors. He earned his doctorate in economics from the University of Texas in 2020 and earned both bachelor’s and master’s degrees in economics from Sogang University in South Korea.
Published Work
Federal Reserve System recent work by Atlanta Fed staff.
Finance and Economics Discussion Series
2025
"Attention-Dependent Monetary Transmission to Household Beliefs" (with Jaemin Jeong and Eunseong Ma).
2024
"What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?" (with Hassan Afrouzi and Joel P. Flynn).
"Land Development and Frictions to Housing Supply over the Business Cycle" (with Hyunseung Oh and Chamna Yoon).
2022
"Effects of Monetary Policy on Household Expectations: The Role of Homeownership" (with Hie Joo Ahn and Shihan Xie).
"Macroeconomic Effects of Capital Tax Rate Changes" (with Saroj Bhattarai, Jae Won Lee, and Woong Yong Park).
"Redistribution and the Monetary‐Fiscal Policy Mix" (with Saroj Bhattarai and Jae Won Lee).
External work by Atlanta Fed staff.
Articles
2024
"Effects of Monetary Policy on Household Expectations: The Role of Homeownership," Journal of Monetary Economics, Vol. 147, 103599 (with Hie Joo Ahn and Shihan Xie).
2023
"Redistribution and the Monetary-Fiscal Policy Mix," Quantitative Economics, Vol. 14, Issue 3, pp. 817–853 (with Saroj Bhattarai and Jae Won Lee).
2022
"Rational Inattention, Menu Costs, and Multi-Product Firms: Micro Evidence and Aggregate Implications," Journal of Monetary Economics, Vol. 128, pp. 105–123.
2021
"Local Scars of the US Housing Crisis," Journal of Monetary Economics, Vol. 119, pp. 40–57 (with Saroj Bhattarai and Felipe Schwartzman).