Macroeconomics, Post Keynesian Economics, Monetary Economics
Professional Publications & Contributions
- “Household Debt, Financialization, and Macroeconomic Performance in the U.S., 1951-2009”, Journal of Post Keynesian Economics , 35(4), pages 675-694, summer 2013.
- “Consumer Debt and Corporate Debt: A neo-Kaleckian Synthesis” (with Alan Isaac), Metroeconomica, 64(2), pages 244-271, May 2013.
- “A Theory of Aggregate Consumption” (with Mark Setterfield and Yuan Mei), European Journal of Economics and Economic Policies: Intervention, 11(1), pages 31-49, April 2014.
- “Income Distribution, Consumer Debt, and Keeping-Up with the Joneses: a Kaldor-Minsky-Veblen Model” (with Soon Ryoo), Metroeconomica, 65(4), pages 585-618, 2014.
- “Aggregate Consumption and Debt Accumulation: An Empirical Examination of US Household Behavior” (with Mark Setterfield and Yuan Mei), Cambridge Journal of Economics, 39(1), pages 93-112, 2015.
- “Macroeconomic Implications of Household Debt: An Empirical Analysis,” Review of Keynesian Economics, forthcoming.
- “Inequality, Debt Servicing, and the Sustainability of Steady State Growth” (with Mark Setterfield and Jeremy Rees), Review of Political Economy, forthcoming.
- “Debt Servicing, Aggregate Consumption, and Growth” (with Mark Setterfield), Structural change and Economic Dynamics, forthcoming.
Additional Information
Professor Kim has conducted research on the macroeconomic implications of household debt. Recently, his works have investigated the effects of consumption emulation through borrowing on income distribution and economic growth; the interplay of financial deregulation, income distribution, aggregate demand, and the consumption emulation motive to understand the mechanisms of macroeconomic cycles; the implications of different debt-servicing behaviors for macroeconomic stability.
Before coming to the University of Massachusetts Boston, Professor Kim taught at American University, Trinity College, and Bowdoin College. His teaching areas include macroeconomics, monetary economics, and economic growth.