Man Chon (Tommy) Iao

Man Chon (Tommy) Iao

Ph.D. Candidate in Economics

New York University

Biography

I am a 6th-year Economics PhD student at NYU. My research interests lie in Macroeconomics, with a focus on business cycles and heterogeneous agent models.

I am on the 2024-2025 job market.

Interests
  • Macroeconomics
  • Business Cycles
  • Heterogeneous Agents
  • Monetary & Fiscal Policy
Education

  • MPhil in Economics, 2023

    New York University

  • BA in Economics and Applied Mathematics, 2018

    University of California, Berkeley

Working Papers

Estimating Heterogeneous Economies with Micro Data
We develop an econometric framework for rapid and efficient estimation of heterogeneous-agent models with micro data and apply it to a medium-scale HANK model, quantifying the importance of heterogeneous earnings exposures in the transmission of monetary policy.
Man Chon Iao, Yatheesan J. Selvakumar
October, 2024
PDF
Estimating Heterogeneous Economies with Micro Data
Regional Heterogeneity and Aggregate Fiscal Mulitplier
I show that local multipliers of military procurement spending are negatively correlated with the share of hand-to-mouth households and argue that this relationship is driven by the unique composition of military spending using contract-level data.
Man Chon Iao
October, 2024
PDF
Regional Heterogeneity and Aggregate Fiscal Mulitplier

Work in Progress

Simon Gilchrist, Man Chon Iao (2024). Customer Capital and the Markup Channel of Monetary Policy. Draft available soon.

Man Chon Iao (2024). Assessing the Welfare Effects of Countercyclical Unemployment Insurance.

Slides

Teaching

Undergraduate

  • Macroeconomic Analysis, NYU, TA, Spring 2024 (Evaluation)

  • Intermediate Macroeconomics, NYU, TA, Fall 2023 (Evaluation)

  • Advanced Macroeconomics, NYU, Course Assistant, Spring 2022-2024

Graduate

  • Macroeconomics IV (Master), NYU, TA, Spring 2024
  • Math for Economists I (PhD), NYU, TA, Fall 2020-2021

Contact