1315 E 10th St

Bloomington, IN 47405

Email: wp2@iu.edu

Indiana University Bloomington
Last Update: October 30, 2024

1315 E 10th St

Bloomington, IN 47405

Email: wp2@iu.edu

Indiana University Bloomington
Last Update: October 30, 2024

Wooserk Park
Indiana University Bloomington
Last Update: October 30, 2024

Working Papers

Working Papers

Working Papers

This paper develops a new asset pricing model designed to address the limitations of the Federal Housing Finance Agency's repeat sales method, particularly in accurately measuring housing prices in low-volume trading areas. In classical asset pricing models, the dynamic programming approach assumes a recursive relationship in which decisions are based on state variables from the previous period. While this approach is more reliable with abundant data, limited data can introduce significant bias, as the model may struggle to accurately capture the underlying dynamics in low-sample scenarios. Using Bayesian inference, this paper aims to propose a robust framework that overcomes this bias.

Does the Political Business Cycle Matter on Fiscal Stimulus? Evidence from the Federal Responses to the COVID-19 Pandemic

Does the Political Business Cycle Matter on Fiscal Stimulus? Evidence from the Federal Responses to the COVID-19 Pandemic

This paper examines the empirical evidence of the Political Business Cycle model employing the federal response to the COVID-19 pandemic. To investigate the observable pattern, this study exploits the state-fixed effect and regression-discontinuity identification strategies.

Peer-reviewed Journals

Peer-reviewed JOURNALS

Peer-reviewed JOURNALS

New York City became the early U.S. epicenter of the coronavirus pandemic primarily because of its high density and global connectivity. In addition to the loss of precious lives and livelihoods, the city is expecting significant budgetary hardships. This article examines the economic and fiscal impact of the ongoing pandemic in New York City. It examines the city government's fiscal structure prior to the pandemic and emerging financial challenges in the revenue streams and elaborates on the policy response to manage the crisis. A preliminary assessment of the challenges suggests that recovery will be long-lasting and will depend significantly on how soon vaccinations resolve the public health situation. Until now, New York City and New York State have postponed hard budgetary decisions in anticipation of more federal assistance. The new political environment and federal policy stance may ease some strain on the city finances.

Conferences

Conferences

Conferences

AREUEA-ASSA Doctoral Session (2025)

World Social Science Conference (2023)

22nd and 23rd Annual OPSA Indiana University Student Conference (2022, 2023)

Rockefeller Institute Local Government Lab (2021)

Northeast Conference on Public Administration (2020)

Fellowship &
Grants

Fellowship & Grants

Fellowship &
Grants

O’Neill School of Public and Environmental Affairs Ph.D. Summer Fellowship (2021, 2022, 2023)

Regional Economic Data-driven Idea Competition (second-place winner) (Korea) (2020)

Marxe International Scholar (2018)

Professional
Experiences

Professional Experiences

Professional
Experiences

Associate Instructor, Indiana University Bloomington (2023 - Present)

Reasearch Assistant, Indiana University Bloomington (2021 - 2023)

Reasearch Program Manager, Research Foundation of City University of New York (2021)

Reasearch Assistant, City University of New York, Baruch College (2020 - 2021)

Student Trainee (Reasearch), Federal Housing Finance Agency (2019)

Policy Intern, United Nations (2019)

Graduate Reasearch Assistant, City University of New York, Baruch College (2018 - 2019)

Project Samples

Project Samples

Project Samples

Charter School in Indianapolis (TBA)

Charter School in Indianapolis (TBA)

Charter School in Indianapolis (TBA)

Work-in-progress.

Wind Turbine Project

Wind Turbine Project

Wind Turbine Project

The effect of the Enhanced Infrastructure Financing District on local development.

Contact

Direct

1315 E 10th St

Bloomington, IN 47405

Email: wp2@iu.edu

© 2024 WOOSERKPARK.COM

Contact

Direct

1315 E 10th St

Bloomington, IN 47405

Email: wp2@iu.edu

© 2024 WOOSERKPARK.COM

Contact

Direct

1315 E 10th St

Bloomington, IN 47405

Email: wp2@iu.edu

© 2024 WOOSERKPARK.COM