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Jonathan Heathcote

@heathcote.bsky.social
2.8K followers 661 following 29 posts

Economist. Macro, inequality, public finance, international finance, asset pricing, labor. www.jonathanheathcote.com

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Reposted by Jonathan Heathcote
Patrick De Haan @gasbuddyguy.bsky.social · 20/09/2026
my live fuel clock showing Americans now have spent $70 billion more on filling up with gasoline since March 1 (vs same period a yr ago) and $44 billion more on diesel (same dates) for a total of ~$114.2 billion spent over this time.
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Aaron Sojourner @aaronsojourner.org · 30/12/2025
"When we think of the US stock market booming, only like 60 percent of that is American wealth, and the other 40 percent is actually foreign wealth. So our net foreign asset position was deteriorating rapidly because the US stock market was booming." www.aeaweb.org/research/net...
 Understanding the US net foreign asset position
Andrew Atkeson discusses changes in how much the United States is indebted to the rest of the world.

"When we think of the US stock market booming, only like 60 percent of that is American wealth, and the other 40 percent is actually foreign wealth. So our net foreign asset position was deteriorating rapidly because the US stock market was booming. The thing that really struck us in the data is that our liabilities to foreigners, our net foreign asset position, was deteriorating rapidly because the US stock market was booming. And since foreigners owned a lot of US stocks, the value of their claims against us was booming, which for us means we owed them more money." - Andrew Atkeson
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NBER @nber.org · 01/02/2026
The observed decline in labor’s share of corporate output, in conjunction with relatively weak corporate investment, generates a persistent rise in the ratio of corporate valuation relative to corporate earnings, from Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri www.nber.org/papers/w34748
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Sergio Ocampo @socampdi.bsky.social · 08/10/2025
🚨We are Hiring at the University of Western Ontario🚨 We have 3️⃣ tenure-track positions: •2 Open-Field •1 linked to our Masters in Financial Economics (open to various fields) Come work with us in 🇨🇦! Share with your students! 📄 Open-Field uwo.ca/facultyrelat... 📄 MFE Position uwo.ca/facultyrelat...
uwo.ca
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Jonathan Heathcote @heathcote.bsky.social · 11/02/2025
New working paper with Andy Atkeson and Fabrizio Perri. A thread 1/ www.nber.org/papers/w33459
nber.org
Reconciling Macroeconomics and Finance for the U.S. Corporate Sector: 1929 to Present
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
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Jonathan Heathcote @heathcote.bsky.social · 11/02/2025
New working paper with Andy Atkeson and Fabrizio Perri. A thread 1/ www.nber.org/papers/w33459
nber.org
Reconciling Macroeconomics and Finance for the U.S. Corporate Sector: 1929 to Present
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
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Rohit Lamba @rohitlamba.bsky.social · 10/01/2025
Week 2: This week's theory paper in focus is a brilliant conceptual puzzle piece by Thomas & Worrall (1990). What are the implications of risk sharing/insurance provision over time when income is private? They have a surprising answer: it necessarily leads to long-term impoverishment.
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Ben Golub @bengolub.bsky.social · 24/12/2024
In economics, editors, referees, and authors often behave as if a published paper should reflect some kind of authoritative consensus. As a result, valuable debate happens in secret, and the resulting paper is an opaque compromise with anonymous co-authors called referees. 1/
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Jonathan Heathcote @heathcote.bsky.social · 22/12/2024
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Pauline Carry @paulinecarry.bsky.social · 06/12/2024
Send your labor papers and come present at Princeton! Deadline is Dec 22. irs.princeton.edu/news/2024/nl...
irs.princeton.edu
Call for Papers: 2025 Northeast Labor Symposium for Early Career Economists
2025 Northeast Labor symposium seeks to build community among junior faculty working on labor economic topics. Deadline to submit proposals is December 22, 2024.
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Bhash Mazumder @bhashmazumder.bsky.social · 03/12/2024
Chicago Fed is hiring in our micro group! The ad is not yet on JOE but see this link. 3+ years of experience. Don't need rec letters but do need to list 3 references: rb.wd5.myworkdayjobs.com/en-US/FRS/jo...
rb.wd5.myworkdayjobs.com
Economist/Senior Economist/Economic Advisor - Microeconomics Team
Company Federal Reserve Bank of Chicago The Economic Research Department of the Federal Reserve Bank of Chicago invites applications for the Economist/Senior Economist/Economic Advisor positions on th...
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Florian Scheuer @florianscheuer.bsky.social · 29/11/2024
Submit your papers to the next @cepr.org Public Economics Annual Symposium, taking place in Cologne on June 5-6, 2025. Co-organized with @sigginho.bsky.social and Johannes Spinnewijn, keynotes by Cecile Gaubert and @omzidar.bsky.social! cepr.org/events/cepr-...
cepr.org
CEPR Public Economics Annual Symposium 2025
PDF document / 207.07 KB
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WuTangIsForTheChildren @wutangforchildren.bsky.social · 26/11/2024
Remember when "Ferris Bueller's Day Off" tried to teach us about tariffs and no one was paying attention
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Jonathan Heathcote @heathcote.bsky.social · 26/11/2024
I will continue to update this -- let me know if you want in! (or out!)
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Brian Albrecht @briancalbrecht.bsky.social · 26/11/2024
A little more context on my tariff argument, including why "success" is hard to measure www.economicforces.xyz/p/some-tarif...
economicforces.xyz
Some tariffs are worse than others
My piece in the Financial Times and more thoughts on tariffs
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Garance Genicot @ggenicot.bsky.social · 25/11/2024
📢 Call for Papers open: Nov 1 – Feb 1, 2025 for the annual ThReD Conference, hosted by @MonashUni 📍 Monash Prato Centre, Prato, Italy🇮🇹 📅 June 25-26, 2025 Submit your research thred.devecon.org/conferences/... #EconSky #DevelopmentEconomics
thred.devecon.org
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Jonathan Heathcote @heathcote.bsky.social · 24/11/2024
DOGE will find increasing government efficiency is easier said than done. But showing that you are at least trying not to waste taxpayer money is important. My county is raising property taxes sharply while subsidizing local rail to the tune of $116 per ride. www.startribune.com/what-is-nort...
startribune.com
What is Northstar rail’s fate? Likely more of the same, for now
This month marked the 15th year of the commuter rail service between Minneapolis and Big Lake. But ridership numbers haven’t rebounded to pre-pandemic levels, and a St. Cloud connection is uncertain.
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Jonathan Heathcote @heathcote.bsky.social · 21/11/2024
Minnesota Economics Starter Pack! go.bsky.app/SJCFzaU
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Jonathan Heathcote @heathcote.bsky.social · 21/11/2024
@cristinarellano.bsky.social and @tkehoe.bsky.social are here!
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Amanda Michaud @amandamichaud.bsky.social · 19/11/2024
New today: my Mpls Fed Research Note on how layoffs and labor supply contribute to unemployment. Labor supply rises in recessions, driving 25-30% of the rise in unemployment & giving insight to workers' perceptions. See what this means for the current moment: www.minneapolisfed.org/article/2024...
minneapolisfed.org
Where is the U.S. labor market heading? Interpreting the mixed signals| Federal Reserve Bank of Minneapolis
New data series connects layoffs with the unemployment rate, providing a fresh look at where the labor market might be headed
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Jonathan Heathcote @heathcote.bsky.social · 19/11/2024
Interesting work on inequality in Norway. Two surprising findings: (1) consumption inequality is high, and (2) inequality is pro-cyclical.
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Jonathan Adams @jonathanjadams.com · 16/11/2024
I put together a starter pack of all the academic macroeconomists I could find on the platform. It's short. Please message me if you would like to be added. go.bsky.app/RYnjd8k #econsky etc.
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