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Michael Cai

Senior Research Analyst at Federal Reserve Bank of New York

Michael Cai is a sixth-year PhD candidate in Economics at Northwestern University, expected to graduate in 2025.13 His research interests focus on macroeconomics and behavioral economics.3 Cai is currently on the 2024-2025 academic job market and serves as an NBER Dissertation Fellow in Behavioral Macroeconomics and a Visiting Scholar at the Chicago Fed.3

Academic Background

  • PhD in Economics, Northwestern University (expected 2025)1
  • B.S. summa cum laude in Economics, New York University Stern School of Business (2017)1

Research and Publications

Cai's job market paper is titled "Explaining the Macroeconomic Inertia Puzzle," which explores the sluggish response of aggregate variables to sudden shocks and changes in policy.1 He has also co-authored working papers on optimal long-run fiscal policy with heterogeneous agents and has publications in The Econometrics Journal and the International Journal of Forecasting.1

Teaching Experience

Cai has taught Econ 311: Intermediate Macroeconomics at Northwestern University in Fall 2021 and Spring 2023.12

Additional Information

As an aspiring economist, Cai seeks to understand the forces that shape the evolution of the economy and the policies that can best support equitable growth.4 He has also contributed to open-source projects related to structural macroeconomic modeling.3

Highlights

Jan 1 · michaelcai.com
Michael Cai
Michael Cai
Michael Cai: Job Market Website - Northwestern University

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Michael Cai
Michael Cai, photo 1
Michael Cai, photo 2
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Location

New York, New York