tommy_iao's profile picture. Econ PhD student at NYU @NYUFASEcon | Macro, Monetary & Fiscal policy |
On the 2024-2025 job market | Born in Macau 🇲🇴

Tommy Iao

@tommy_iao

Econ PhD student at NYU @NYUFASEcon | Macro, Monetary & Fiscal policy | On the 2024-2025 job market | Born in Macau 🇲🇴

Joined January 2017
Pinned

1/ Are stimulus checks effective in stimulating the economy during recessions? In my JMP, I find the answer is NO. Why? Heightened unemployment risk lowers the marginal propensity to consume (MPC). 🧵👇 #EconTwitter #Econjobmarket

tommy_iao's tweet image. 1/ Are stimulus checks effective in stimulating the economy during recessions?

In my JMP, I find the answer is NO.

Why? Heightened unemployment risk lowers the marginal propensity to consume (MPC). 🧵👇

#EconTwitter #Econjobmarket

Tommy Iao Reposted

The JPE is pleased to announce that the Robert E. Lucas Jr. Prize for 2025 has been awarded to Chris Edmond, Virgiliu Midrigan, and Daniel Xu for “How Costly are Markups?” Read about the prizewinning paper here: journals.uchicago.edu/journals/jpe/l…. @chrisedmond @virgiliu79 @DanielYiXu

JPolEcon's tweet image. The JPE is pleased to announce that the Robert E. Lucas Jr. Prize for 2025 has been awarded to Chris Edmond, Virgiliu Midrigan, and Daniel Xu for “How Costly are Markups?” 

Read about the prizewinning paper here: journals.uchicago.edu/journals/jpe/l…. 

@chrisedmond @virgiliu79 @DanielYiXu

Tommy Iao Reposted

1/5 Looking for a clear and gentle intro to shift-share instruments? I'm excited to release today our "practice guide to shift-share instruments" with @borusyak and @instrumenthull, forthcoming at the Journal of Economic Perspectives @AEAjournals 👇👇👇👇👇

XJaravel's tweet image. 1/5 Looking for a clear and gentle intro to shift-share instruments? 

I'm excited to release today our "practice guide to shift-share instruments" with @borusyak and @instrumenthull, forthcoming at the Journal of Economic Perspectives @AEAjournals 👇👇👇👇👇

Tommy Iao Reposted

The Fujita/Moscarini/Postel-Vinay series of Employer-to-Employer transitions is now available on FRED. Check it out! Many thanks to @stlouisfed and @SerdarBirinci9 in particular for helping make that happen! fred.stlouisfed.org/series/FMPSA fred.stlouisfed.org/series/FMPSA3MA


Tommy Iao Reposted

1/ 🚨 Want to include individual-level micro data to estimate your het-agent macro model? In my #JMP, Tommy and I propose a tractable econometric framework to do so! #EconTwitter #EconJobMarket

YadSelvakumar's tweet image. 1/ 🚨 Want to include individual-level micro data to estimate your het-agent macro model?

In my #JMP, Tommy and I propose a tractable econometric framework to do so!

#EconTwitter #EconJobMarket

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