Donggyu Lee is a research economist in Macroeconomic and Monetary Studies within the Monetary Policy Research Division. His research interests include distributional consequences of conventional and unconventional monetary policies, implications of household heterogeneity on wage and employment determination in the labor market, interactions between inequality and firm dynamics, and the estimation of dynamic models with heterogeneous agents. He earned his Ph.D. from the University of Maryland, College Park, M.A and B.A. in Economics from Seoul National University.