Thank you for visiting my academic website. I am a 5th year PhD student in Economics at New York University (NYU).
My fields of research are macroeconomics and finance, with focus on expectations and consumption-saving behavior (household finance, behavioral finance).
I am a Dissertation Fellow in the Division of Monetary Affairs at the Federal Reserve Board (Summer 2026) and will be on the 2026-27 job market.
[Curriculum Vitae]
Contact: mh.andrew.lee@gmail.com or ml7704@nyu.edu
Job Market Paper
The Information Effect of Stock Prices on Household Consumption (tentative title)
Working Papers
Statistical Discrimination in Frictional Labor Markets: Theory and Application to Immigration Enforcement (with Jaeyeon Shin and Giovanni M. Topa) [Working Paper] revise and resubmit at AEJ: Macroeconomics
How Costly Are Business Cycle Volatility and Inflation? A Vox Populi Approach (with Dimitris Georgarakos, Kwang Hwan Kim, Olivier Coibion, Myungkyu Shim, Yuriy Gorodnichenko, Geoff Kenny, Seowoo Han, and Michael Weber) [Working Paper]
The Effects of Fiscal News on Household Expectations and Spending: New Causal Evidence (with Myungkyu Shim, Kwang Hwan Kim, Sangyup Choi, Siye Bae, Olivier Coibion, and Yuriy Gorodnichenko) [Working Paper]
Does Household Spending Respond to Politically Motivated Beliefs? Evidence from Linked Survey-Transaction Data (with Seoyoon Jeong, Kwang Hwan Kim, Jaehyeok Lee, Jongkwan Lee, and Myungkyu Shim) [Working Paper]
Can we anchor macroeconomic expectations across party lines? Evidence from a randomized control trial (with Siye Bae, Sangyup Choi, Sang-Hyun Kim, and Myungkyu Shim) [Working Paper]
Work in Progress
Thinking Thrifty: How Values Shape Household Saving (with Kwang Hwan Kim, Seunghwan Lee, and Myungkyu Shim)