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Meet the Economists

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Jae W. Sim

Principal Economist Macroeconomic and Quantitative Studies Section Research and Statistics
202-452-2670
[email protected]

Education

  • Ph.D., Macroeconomics, Boston University, 2007
  • B.A., Economics, Seoul National University, 1993
Current Research Topics
  • Financial Market Frictions and Real Activity
  • Financial Intermediation and Monetary Policy
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2015 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2013 - 2015
  • Economist

    Board of Governors of the Federal Reserve System

    2007 - 2013
  • Rising Intangible Capital, Shrinking Debt Capacity, and the U.S. Corporate Savings Glut
    Antonio Falato, Dalida Kadyrzhanova, Jae Sim, and Roberto Steri
    Journal of Finance (2022)
    https://doi.org/10.1111/jofi.13174
    See also » FRB Working Paper (2013)
  • Who Killed the Phillips Curve? A Murder Mystery
    David Ratner and Jae Sim
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.028
  • Monetary Policy and Financial Stability
    Isabel Cairó and Jae Sim
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.101
  • Distributional Considerations for Monetary Policy Strategy
    Laura Feiveson, Nils Goernemann, Julie Hotchkiss, Karel Mertens, and Jae Sim
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.073
  • Market Power, Inequality, and Financial Instability
    Isabel Cairó and Jae Sim
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.057
  • Macroeconomic Effects of Banking Sector Losses across Structural Models
    Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad Jahan-Parvar, Michael Kiley, Albert Queralto, and Jae Sim
    International Journal of Central Banking (2019)
    See also » FRB Working Paper (2015)
  • Income Inequality, Financial Crises, and Monetary Policy
    Isabel Cairó and Jae Sim
    Finance and Economics Discussion Series (2018)
    https://doi.org/10.17016/FEDS.2018.048
  • Financial Heterogeneity and Monetary Union
    Simon Gilchrist, Raphael Schoenle, Jae Sim, and Egon Zakrajšek
    Finance and Economics Discussion Series (2018)
    https://doi.org/10.17016/FEDS.2018.043
  • The Tradeoffs in Leaning Against the Wind
    François Gourio, Anil K. Kashyap, and Jae Sim
    NBER Working Paper Series (2017)
    https://doi.org/10.3386/w23658
  • Optimal Monetary and Macroprudential Policies: Gains and Pitfalls in a Model of Financial Intermediation
    Michael T. Kiley and Jae Sim
    Journal of Macroeconomics (2017)
    https://doi.org/10.1016/j.jmacro.2017.05.008
    See also » FRB Working Paper (2015)
  • Inflation Dynamics during the Financial Crisis
    Simon Gilchrist, Raphael Schoenle, Jae Sim, and Egon Zakrajšek
    American Economic Review (2017)
    https://doi.org/10.1257/aer.20150248
    See also » FRB Working Paper (2015)
  • Uncertainty, Financial Frictions, and Investment Dynamics
    Simon Gilchrist, Jae W. Sim, and Egon Zakrajšek
    NBER Working Paper Series (2014)
    https://doi.org/10.3386/w20038
    See also » FRB Working Paper (2014)
  • Bank Capital and the Macroeconomy: Policy Considerations
    Michael T. Kiley and Jae W. Sim
    Journal of Economic Dynamics & Control (2014)
    https://doi.org/10.1016/j.jedc.2014.01.024
  • Misallocation and Financial Market frictions: Some Direct Evidence from the Dispersion in Borrowing Costs
    Simon Gilchrist, Jae W. Sim, and Egon Zakrajšek
    Review of Economic Dynamics (2013)
    https://doi.org/10.1016/j.red.2012.11.001
    See also » FRB Working Paper (2011)
  • Monetary Policy and the Global Housing Bubble
    Jane Dokko, Brian M. Doyle, Michael T. Kiley, Jinill Kim, Shane Sherlund, Jae Sim, and Skander J. Van den Heuvel
    Economic Policy (2011)
    https://doi.org/10.1111/j.1468-0327.2011.00262.x
  • Investment during the Korean Financial Crisis: A Structural Econometric Analysis
    Simon Gilchrist and Jae W. Sim
    NBER Working Paper Series (2007)
    https://doi.org/10.3386/w13315
Awards
  • 2013

    Western Finance Association/Charles River Associates

    Best Corporate Paper Award

  • 2015

    Banco de Portugal

    Best Paper

Last update: October 11, 2022