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Dae Woong Kang

Dae Woong Kang is an undergraduate student and researcher in the Woodrow Wilson School of Public and International Affairs at Princeton University. He has previously worked for the International Institute for Democracy and Electoral Assistance, an intergovernmental organization based in Stockholm, Sweden.

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Blog Post

The ECB and the Fed: a comparative narrative

Although the Great Recession was viewed as a US problem, the Eurozone was affected by it from the start. This column compares the monetary policy responses to the Crisis by the Fed and the ECB. It argues that the US approach has been much more aggressive and proactive. The ECB failed to provide stimulus when needed, and as a result the Eurozone might slip into a low-inflation trap.

By: Dae Woong Kang, Nick Ligthart and Ashoka Mody Topic: European Macroeconomics & Governance Date: January 21, 2016
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Blog Post

The birth of European macroeconomics

In 1997, Milton Friedman warned that when politics clashes with economics, the outcome is not a pretty one. This column reviews some of criticisms and weaknesses of the European macroeconomic system, taking a historic look at the decades leading up to the creation of the euro. The clash Friedman warned about is manifest now in Greece. The economic logic for dealing with Greece is clear, but politics continue to defy economics.

By: Ashoka Mody and Dae Woong Kang Topic: European Macroeconomics & Governance Date: July 14, 2015