Yǔ-Chí Hsièh 謝羽騏
@yuchihsieh.bsky.social
A Proud Taiwanese, 💪🇺🇦.
Econ PhD student at Northwestern Kellogg
Social and Economic Networks | Microeconomic Theory
Econ PhD student at Northwestern Kellogg
Social and Economic Networks | Microeconomic Theory
Reposted by Yǔ-Chí Hsièh 謝羽騏
These (tweet below) are *small* effects!
I'm aware that there are contexts in which we think of them as large effects.
Nevertheless, they're small: under standard models, tariffs are just not a very dramatic thing.
If you think they are a bigger deal than this, you need different models.
1/
I'm aware that there are contexts in which we think of them as large effects.
Nevertheless, they're small: under standard models, tariffs are just not a very dramatic thing.
If you think they are a bigger deal than this, you need different models.
1/
A new analysis from the Tax Policy Center estimates that imposing a 25% tariff on imports from Canada and Mexico would reduce after-tax incomes by nearly 1% in 2026, costing the average household the equivalent of $930 in lost income.
taxpolicycenter.org/taxvox/25-pe...
taxpolicycenter.org/taxvox/25-pe...
February 1, 2025 at 11:48 PM
These (tweet below) are *small* effects!
I'm aware that there are contexts in which we think of them as large effects.
Nevertheless, they're small: under standard models, tariffs are just not a very dramatic thing.
If you think they are a bigger deal than this, you need different models.
1/
I'm aware that there are contexts in which we think of them as large effects.
Nevertheless, they're small: under standard models, tariffs are just not a very dramatic thing.
If you think they are a bigger deal than this, you need different models.
1/
Reposted by Yǔ-Chí Hsièh 謝羽騏
We’ve forgotten who we are…
marketdesigner.blogspot.com/2025/01/exec...
marketdesigner.blogspot.com/2025/01/exec...
Executive Order of the President suspending refugee admissions to the United States
marketdesigner.blogspot.com
January 26, 2025 at 1:58 PM
We’ve forgotten who we are…
marketdesigner.blogspot.com/2025/01/exec...
marketdesigner.blogspot.com/2025/01/exec...
Reposted by Yǔ-Chí Hsièh 謝羽騏
🚨New Paper🚨
𝐐𝐮𝐚𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐈𝐧𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲
Joint with Ella Segev
Social choice theory provides ways for aggregating the preferences of individuals in a society, to tell us what is better for society: alternative a or alternative b. However, this theory is silent on 𝑏𝑦 ℎ𝑜𝑤 𝑚𝑢𝑐ℎ a is better than b. 1/9
𝐐𝐮𝐚𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐈𝐧𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲
Joint with Ella Segev
Social choice theory provides ways for aggregating the preferences of individuals in a society, to tell us what is better for society: alternative a or alternative b. However, this theory is silent on 𝑏𝑦 ℎ𝑜𝑤 𝑚𝑢𝑐ℎ a is better than b. 1/9
December 17, 2024 at 5:22 PM
🚨New Paper🚨
𝐐𝐮𝐚𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐈𝐧𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲
Joint with Ella Segev
Social choice theory provides ways for aggregating the preferences of individuals in a society, to tell us what is better for society: alternative a or alternative b. However, this theory is silent on 𝑏𝑦 ℎ𝑜𝑤 𝑚𝑢𝑐ℎ a is better than b. 1/9
𝐐𝐮𝐚𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐈𝐧𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲
Joint with Ella Segev
Social choice theory provides ways for aggregating the preferences of individuals in a society, to tell us what is better for society: alternative a or alternative b. However, this theory is silent on 𝑏𝑦 ℎ𝑜𝑤 𝑚𝑢𝑐ℎ a is better than b. 1/9
Reposted by Yǔ-Chí Hsièh 謝羽騏
‘Experts’ know more about some domains than others
marketdesigner.blogspot.com/2024/12/the-...
marketdesigner.blogspot.com/2024/12/the-...
The market for hitmen is thin
marketdesigner.blogspot.com
December 8, 2024 at 2:54 PM
‘Experts’ know more about some domains than others
marketdesigner.blogspot.com/2024/12/the-...
marketdesigner.blogspot.com/2024/12/the-...
Reposted by Yǔ-Chí Hsièh 謝羽騏
New paper: benjaminmoll.com/challenge/
November 29, 2024 at 5:59 PM
New paper: benjaminmoll.com/challenge/
Reposted by Yǔ-Chí Hsièh 謝羽騏
Behavioral economics: people cannot add or subtract
Macroeconomics: *maybe* people cannot deal with the fact that the entire cross sectional distribution is a state variable
Macroeconomics: *maybe* people cannot deal with the fact that the entire cross sectional distribution is a state variable
November 29, 2024 at 7:51 PM
Behavioral economics: people cannot add or subtract
Macroeconomics: *maybe* people cannot deal with the fact that the entire cross sectional distribution is a state variable
Macroeconomics: *maybe* people cannot deal with the fact that the entire cross sectional distribution is a state variable
Reposted by Yǔ-Chí Hsièh 謝羽騏
I am on the job market, which seems like a great opportunity for my first post on here! My job market paper is about failures of contingent thinking -- the act of reasoning about hypothetical events. 1/
November 20, 2024 at 4:04 PM
I am on the job market, which seems like a great opportunity for my first post on here! My job market paper is about failures of contingent thinking -- the act of reasoning about hypothetical events. 1/
Supply chain disruption is a big deal and this paper's always one of my favs. :)
On Tuesday, 36 US ports will be shut down by the largest shipping strike in living memory.
This could recreate the chaotic supply chain crisis of 2021-2022. Are we ready?
a 🧵 on the new economics of supply chains
1/
This could recreate the chaotic supply chain crisis of 2021-2022. Are we ready?
a 🧵 on the new economics of supply chains
1/
September 27, 2024 at 8:50 PM
Supply chain disruption is a big deal and this paper's always one of my favs. :)