Myunghwan Andrew Lee

Econ PhD student at @NYUFASEcon. Research interests: Macro, Finance, focusing on consumption and expectations.

[alz @alz_zyd_]

It ends up boiling down to "it's an empirical question (about certain parameters)", and the reality is we have such poor estimates of parameters that the empirics don't robustly tell us anything either

[SSRN @SSRN]

How costly are business cycle volatility & #inflation? This study, based on surveys conducted in thirteen countries, examines how much individuals are willing to pay to eliminate business cycles.

Read: https://t.co/6I19kDQRWj
Subscribe: https://t.co/HfIKim6eUy

[NBER @nberpubs]

Studying how much individuals would be willing to pay to eliminate business cycles, from Dimitris Georgarakos, Kwang Hwan Kim, Olivier Coibion, Myungkyu Shim, @mhandrewlee, @YGorodnichenko, Geoff Kenny, Seowoo Han, and Michael Weber https://t.co/Im8165y1DP

[Owen Zidar @omzidar]

When people discuss capital gains, they often evoke esoteric theories and think about simple assets like selling stock. They should really have ordinary private businesses in mind (like beverage distributors and car dealers) when thinking about these proposals at the top

[FRIENDS @FriendsTV]

We are devastated to learn of Matthew Perry’s passing. He was a true gift to us all. Our heart goes out to his family, loved ones, and all of his fans.

[Sylvain Catherine @sc_cath]

Though it may be an unpopular view, I maintain that the bigger issue with Gino's research is that it's irrelevant and low quality, even if it were not fraudulent.

Research that's relevant and has applications is more likely to be checked if replication packages are made available.

The American Economic Review retracted a paper on dividend taxes less than a year after publication. That's because the topic was highly policy relevant and other researchers caught the issues in the replication code. They did so because it's an important topic of study and the results of the AER paper were relevant to the policy debate. In other words, they had reasons to care.

If a paper has engineering or pharmaceutical applications, it becomes quickly clear whether things work or not, and papers which lead to more applications get more credit.

But in many fields, including economics (I am not attacking psychology), many papers have no other value than being cited by other papers and thus providing academic credits to their authors. Nobody cares how much people value soap after writing an essay defending an opinion they dislike. Because the point of such a paper is just to play the academic game, you can hope that your fraud will never be discovered or revealed. Even if someone finds out, incentives to tell the world are low. It will cause drama, the authors will fight back (Gino is starting a lawsuit), you'll lose a lot of time not writing your own useless papers...

[Myunghwan Andrew Lee @mhandrewlee]

@tommasodesanto A timely departure on my side I must say..

[Jon Steinsson @JonSteinsson]

One issue is the long-standing idea that math/methods are hard to learn on one's own and therefore need to be taught in the first year, while substantive issues and ideas (and facts) can be picked up later. I strongly disagree. 7/

[B/R Football @brfootball]

The World Cup in a message:

[Yuriy Gorodnichenko @YGorodnichenko]

I am much honored to get RK Cho Economics Prize (https://t.co/EnXv4pAI2a). Thank you, @yonsei_u! & TNX to my teachers (@umichECON, @NaUKMA, @kse_ua),colleagues (@berkeleyecon),coauthors & students. I will donate all prize money (₩100mil) to my alma mater in 🇺🇦. #StandWithUkraine

[ESPN FC @ESPNFC]

Son Heung-min won the golden boot without scoring a single penalty.

He wasn't named in the PFA Premier League Team of the Year 🙃

[Myunghwan Andrew Lee @mhandrewlee]

@DorukGokalp 11? the security's got a point

[Dmitry (Dima) Sorokin 🇺🇦 @binaryw0r1d]

Yesterday marked a year since I joined Upwork. Leaving academia was not easy: I am an economist to my bones, and I feared to be too academic for the private sector (yet not academic enough for academia, as my PhD time had shown). My fears turned out to be completely false. 🧵1/8

[Myunghwan Andrew Lee @mhandrewlee]

@tommasodesanto haha I presume

[Myunghwan Andrew Lee @mhandrewlee]

Same problem for at least 18 hours now. I can't do anything with this ice cold water @StuyTownApts

[Alexander Dimitriyadi @adimitri]

@KeithPowersNYC @bradhoylman @HarveyforNY Stuytown has been without heat and hot water for 15 hours. Do you have any updates from ConEd as to when steam service is going to be restored?

[Myunghwan Andrew Lee @mhandrewlee]

@JinglinWang4 @alyceadamsPhD @ray_kluender @nealemahoney @francisawong @wesyin This is super amazing! Congrats!!

[John A. List @Econ_4_Everyone]

Proud to announce a new set of @JPolEcon journals. I will be leading JPE-Micro, alongside a distinguished group of 6 Co-Editors. Check out our new website and send us your best work! More to come soon on our new policies/paper sets/etc. https://t.co/ymewgLHXKt
#EconTwitter

[David McKenzie @dmckenzie001]

Explaining why we should believe your DiD assumptions - economists have beefed up their statistical case for the validity of difference-in-differences, but still need to work on making an economic and rhetorical case. I take 3 recent QJE papers as examples https://t.co/UWm0knruft

[CEPR @cepr_org]

Call for Papers: CEPR Seventh European Workshop on Household Finance; 4-6 May 2022 - https://t.co/c5lmlTAor4