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Heller-Hurwicz Economics Institute

@hellerhurwicz.bsky.social
317 followers 87 following 54 posts

The University of Minnesota's Heller-Hurwicz Economics Institute informs public policy by supporting frontier economic research and communicating our findings to leading academics, policymakers, and business executives around the world.

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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 10/09/2026
How is AI reshaping labor markets and what does it mean for productivity, wages, employment, and worker skills? Join us on Sep 24 for a roundtable with Galin Jones, Lawrence Schmidt, and Kyle Herkenhoff. Register & learn more: cla.umn.edu/heller-hurwi...
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 07/07/2026
Professor Rachel Croson shares insights on why prediction markets like Kalshi and Polymarket are drawing attention amidst ongoing legal debates. Read more: bit.ly/4fn4qhb
startribune.com
Future of prediction markets is anyone’s bet as nation’s first ban starts Aug. 1
Minnesota is the battleground in a fight over the legality of the popular Kalshi and Polymarket trading sites. As Minnesota users lament the looming loss of their hobby, a federal judge hears argument...
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 29/06/2026
The Economist explored how AI is changing creative fields, featuring work from the University of Minnesota's Joel Waldfogel and Cornell University's Imke Reimers showing the number of e-books published on Amazon grew 3X after CHATGPT's 2022 release. More: z.umn.edu/begd
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UMN Economics @umn-econ.bsky.social · 21/04/2026
www.whitehouse.gov/presidential... Congratulations to Chris Phelan on his nomination to be Chairman of the Council of Economic Advisers! He continues Minnesota's proud tradition—from Nobel laureate Leo Hurwicz to Walter Heller, CEA Chair under Kennedy/Johnson. #econsky
whitehouse.gov
Nominations Sent to the Senate
NOMINATIONS SENT TO THE SENATE: Riley Barnes, of Texas, to be Director of the Peace Corps. Rudolph Bauer, of South Carolina, to be Ambassador
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UMN Economics @umn-econ.bsky.social · 15/04/2026
z.umn.edu/b8lu Congratulations to Simon Mongey, affiliated faculty at UMN Economics, on receiving the prestigious 2026 Frisch Medal! His groundbreaking research on firm and worker dynamics in frictional labor markets is recognized as one of the most outstanding applied papers in economics. #EconSky
z.umn.edu
Simon Mongey awarded the 2026 Frisch Medal
Simon Mongey, University of Minnesota Economics affiliated faculty, awarded the biennial 2026 Frisch Medal for groundbreaking labor market research.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 06/04/2026
Professor Kjetil Storesletten, Director of the Heller-Hurwicz Economics Institute, was interviewed by CNBC on the economic impact of the Iran war and the closure of the Strait of Hormuz. www.cnbc.com/2026/04/02/g...
cnbc.com
Grocery shock on the horizon for approaching U.S. elections as Iran war drags on
"It just pisses them off more," said Rep. Vicente Gonzalez, D-Texas, said in an interview when asked about how voters will react if food gets more expensive.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 31/03/2026
Join us for the Heller-Hurwicz Economics Institute's Spring Roundtable, "Debt, Demographics, and the Future of U.S. Fiscal Sustainability". 📅 Thursday, April 16 ⏰ 5-6:30 p.m. 📍Cowles Auditorium, Humphrey School of Public Affairs Register here: cla.umn.edu/heller-hurwi...
cla.umn.edu
Debt, Demographics, and the Future of U.S. Fiscal Sustainability
As debt climbs and the population ages, can the U.S. maintain fiscal sustainability? Two leading economists explore the road ahead.
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UMN Economics @umn-econ.bsky.social · 22/01/2026
z.umn.edu/b0mx The headlines arrive faster than most economists can process: sweeping tariffs, agencies restructured, international agreements abandoned, debt ceilings debated. For the 3 season of Office Hours, @hellerhurwicz.bsky.social decided to lean into the chaos rather than away from it.
z.umn.edu
Office Hours Podcast Tackles Trump Era Economic Policy in Real Time
Office Hours podcast transforms economic research into real-time policy analysis as Trump administration reshapes trade, climate, and fiscal policy.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 20/01/2026
Gary Stern and Art Rolnick, former leaders of the Minneapolis Fed and current members of HHEI's Advisory Board, spoke with Minnesota Star Tribune columnist John Rash on the Justice Department’s investigation of Fed Chair Jerome Powell. www.startribune.com/trump-admini...
startribune.com
Rash: Jerome Powell defends the Fed – and the nation
Central bank independence is central to a successful economy, John Rash writes.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 12/12/2025
What will the combination of rising national debt and an aging population mean for America’s long-term fiscal health? In a recent Office Hours episode, Hannes Malmberg draws on insights from his recent research on how these trends could play out: youtu.be/4tYdftKYgyU
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 10/12/2025
This week, HHEI hosted a webinar to explore questions about appropriate governance of central banks in democracies–and the risks in governments exerting more political control to address today’s complex economic challenges. Watch the recording: cla.umn.edu/heller-hurwi...
cla.umn.edu
Central Bank independence: Critical for economic growth and stability?
HHEI hosted a webinar featuring economic experts to explore questions about appropriate governance of central banks in democracies–and the risks in governments exerting more political control to addre...
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 09/12/2025
Professor VV Chari was interviewed for this story from @minnpost.bsky.social to share his thoughts on what’s driving the trends behind Minnesota’s latest economic outlook and how concerned the state should be about the projected budget imbalance. www.minnpost.com/economy/2025...
minnpost.com
Who's to blame for Minnesota's budget imbalance? - MinnPost
MinnPost asked local economists about what’s driving those trends and how concerned the state should be about the projected budget imbalance.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 05/11/2025
Join us for a webinar on the future of central bank independence. Former Fed leaders Gary Stern and Art Rolnick and the Hoover Institute's John Cochrane debate what's at stake. 🔗 cla.umn.edu/economics/ne...
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 25/11/2025
Which products, firms, and supply chains are feeling the sharpest tariff impact? In a recent Office Hours episode, Professor Tom Holmes explains how Trump’s tariffs hit IP-heavy industries and global brands and explores a new way to measure tariff exposure. Watch: youtu.be/fiIouS_ZRo4?...
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 24/11/2025
“Aggregates hide pain. When you look inside, the bottom half of workers see a much less rosy labor market than the unemployment rate suggests.” HHEI Director Kjetil Storesletten in @minnpost.bsky.social: www.minnpost.com/economy/2025...
minnpost.com
Economic indicators raise concerns about Minnesota’s economy - MinnPost
Minnesota’s marquee economic indicators such as unemployment still appear strong, but under-the-hood, economists see signs of stress.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 21/11/2025
The U.S. climate policy landscape has changed dramatically in 2025 — with major economic implications. In this Office Hours episode, Bob Litterman discusses the implications for financial risks and the countries stepping up to fill the leadership void. youtu.be/BqwXKZao6E8
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 05/11/2025
Join us for a webinar on the future of central bank independence. Former Fed leaders Gary Stern and Art Rolnick and the Hoover Institute's John Cochrane debate what's at stake. 🔗 cla.umn.edu/economics/ne...
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UMN Economics @umn-econ.bsky.social · 03/11/2025
Undergraduate level is where economics loses talent. Fed-Minnesota partnership's BEE program proves engagement and mentorship can transform the pipeline. cla.umn.edu/economics/ne...
cla.umn.edu
Building a New Pipeline: BEE Program's First Year Success Reshapes Undergraduate Economics Education
The Fed-University partnership has proven it can produce Nobel Prize-winning research at the highest levels. Now it's proving it can build the pipeline from the ground up.
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Minneapolis Fed @minneapolisfed.bsky.social · 17/10/2025
In latest Quarterly Review: Our @neilmehrotra.bsky.social & Michael Waugh model the connection between tariffs & r-star. Plus @tkehoe.bsky.social & Xing Xu of @hellerhurwicz.bsky.social explain the diverging growth paths of export giants China & Mexico. bit.ly/467e9Cq
bit.ly
Search | Federal Reserve Bank of Minneapolis
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 16/10/2025
Professor @tkehoe.bsky.social spoke with KARE 11 for their report on the Federal Reserve's newly released beige book and what it says about falling employment, increasing prices, flat manufacturing and weakening agricultural conditions. www.kare11.com/article/news...
kare11.com
Unlike a 'little black book,' the Fed's beige one spills the country's economic secrets
The Federal Reserve releases its Beige Book several times a year to provide a summary of economic activity, labor markets, prices and other factors.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 14/10/2025
Professor V.V. Chari was interviewed by @marketplace.org on how demographic volatility impacts “break-even employment” and what to make of the modest payroll gains we’ve been seeing in recent months. www.marketplace.org/story/2025/1...
marketplace.org
Why "break-even" employment has seen a dramatic shift
Break-even employment is a sort of balance figure between the number of job seekers and the number of jobs available.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 07/10/2025
Thanks to all who made the 2025 Heller-Hurwicz Economics Institute Fall Roundtable a success. If you missed it, you can still catch the discussion about the evidence on wealth taxation and the impact of potential policy reforms through the link below: cla.umn.edu/heller-hurwi...
cla.umn.edu
2025 HHEI Fall Roundtable Featured a Discussion on Wealth Taxation with Professor Florian Scheuer
The HHEI Fall Roundtable featured a discussion on wealth taxation with leading experts, HHEI Director Professor Kjetil Storesletten and Professor Florian Scheuer from the University of Zurich.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 02/10/2025
We're incredibly proud of our undergrad researchers in the Undergraduate Research Assistant Program. They're not just reading textbooks—they're working on projects that inform policy on everything from poverty to climate change. Meet some of our alumni and learn what they’re doing now.
cla.umn.edu
Creating a Pipeline of Young Economics Researchers
Heller Hurwicz students go beyond textbooks, tackling projects on poverty, climate change, and more. Meet our alumni and see where their work has taken them.
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Minneapolis Fed @minneapolisfed.bsky.social · 01/10/2025
The *avg* American entrepreneur makes 60% more than someone working for a paycheck...even as *most* entrepreneurs make less. Dive into new analysis of extensive tax records by our consultants Anmol Bhandari & Ellen McGrattan of @hellerhurwicz.bsky.social + coauthors. bit.ly/4gxpdxv
tax data reveal rewards and risks of self-employment, new research brief
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 22/09/2025
Happening this Thursday: Join us at the HHEI Fall Roundtable where we will explore the potential benefits and challenges of wealth taxes, and recent lessons from experiences in Norway and Switzerland. Register: cla.umn.edu/economics/ne...
cla.umn.edu
HHEI's 2025 Fall Roundtable Event
Should we tax wealth? Join HHEI's Fall 2025 Roundtable to hear leading experts tackle one of today's most controversial economic policy debates. Register today.
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Aaron Sojourner @aaronsojourner.org · 15/09/2025
Features - Florian Scheuer, UBS Professor of Econ of Institutions at U Zurich - Kjetil Storesletten, Director @hellerhurwicz.bsky.social & the Richard & Beverly Fink Prof of Econ at U Minnesota Moderator: MPR News & Marketplace host Chris Farrell #EconSky #PolicySky cla.umn.edu/economics/ne...
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 08/09/2025
Can taxing wealth help raise much-needed revenue for strained government budgets and lessen income inequality? Join us to explore the potential benefits and challenges of wealth taxes, including recent experiences in Norway and Switzerland. Learn more: cla.umn.edu/economics/ne...
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 08/09/2025
Can taxing wealth help raise much-needed revenue for strained government budgets and lessen income inequality? Join us to explore the potential benefits and challenges of wealth taxes, including recent experiences in Norway and Switzerland. Learn more: cla.umn.edu/economics/ne...
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Minneapolis Fed @minneapolisfed.bsky.social · 05/09/2025
Mexico and China are the export leaders among middle-income countries. Both have opened their economies dramatically since the 1990s. In latest QR @tkehoe.bsky.social and Xing Xu of @hellerhurwicz.bsky.social diagnose why China has grown more than 10X while Mexico stagnated. bit.ly/3V2Ac8A #EconSky
bit.ly
Openness and Growth: A Comparison of the Experiences of China and Mexico | Federal Reserve Bank of Minneapolis
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Minneapolis Fed @minneapolisfed.bsky.social · 03/09/2025
Our new "Quarterly Review" is here. Our @neilmehrotra.bsky.social‬ & Mike Waugh model the connection between tariffs & r-star. Plus @tkehoe.bsky.social‬ & Xing Xu of @hellerhurwicz.bsky.social‬ explain the diverging growth paths of export giants China & Mexico. bit.ly/3JlfbzS #EconSky
bit.ly
Quarterly Reviews | Federal Reserve Bank of Minneapolis
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UMN Economics @umn-econ.bsky.social · 06/08/2025
Did you catch UMN Professor V.V. Chari on @kare11.bsky.social ? "'Rigged?' This is about the most outrageous accusation that anybody can make about the way the statistics are developed by these professionals. These are not statistics produced by a single person sitting at her desk." z.umn.edu/alqx
z.umn.edu
'This one freaks me out as an economist': Experts alarmed by Trump's firing of BLS leader
Economists say firing a top official for revisions to a jobs report sends a bad message and could destroy trust in data that's central to the economy.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 06/08/2025
Professor V.V. Chari was interviewed by @kare11.bsky.social on President Trump's recent firing of the commissioner of the Bureau of Labor Statistics. www.kare11.com/article/news...
kare11.com
'This one freaks me out as an economist': Experts alarmed by Trump's firing of BLS leader
Economists say firing a top official for revisions to a jobs report sends a bad message and could destroy trust in data that's central to the economy.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 05/08/2025
Professor V.V. Chari was interviewed for a story in the Minnesota Star Tribune on the reliability of national economic data in light of President Trump's recent firing of the commissioner of the Bureau of Labor Statistics. www.startribune.com/donald-trump...
startribune.com
Rash: Trump erodes trust by firing labor-data official
"Firing the labor statistician delivering the data is akin to breaking the thermometer because of a heat wave," John Rash writes.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 31/07/2025
What is the impact of the U.S. and China going their separate ways? In a recent Office Hours episode, Professor Kjetil Storesletten discussed the potential impact on innovation and economic growth. Watch: youtu.be/TfleWWXhmLE
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 22/07/2025
How will the Trump administration's tariff strategy impact economic growth and inflation? In a recent Office Hours episode, Professor V.V. Chari discussed these topics and lessons learned from the high inflation of the post-pandemic period. Watch: youtu.be/nybw0exnJ7E #EconPolicy #EconSky
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UMN Economics @umn-econ.bsky.social · 11/07/2025
New research from UMN professor Kyle Herkenhoff challenges common narratives about private equity’s impact on workers. Tracking 2.5M workers at 3,600 PE-backed firms, they find wages fall 18% after 3 years but only for workers who leave the firm. #EconSky #LaborEconomics cepr.org/voxeu/column...
cepr.org
Understanding the impact of private equity on employees
The growth of the private equity in recent years has raised concerns about its consequences. This column matches 2.5 million workers who were employed by 3,600 firms in the US that underwent leveraged buyouts with workers at firms that were not acquired to explore the effects of private equity on labour market outcomes. The authors find that unemployment for workers at bought-out firms rises and wages fall substantially after buyouts, with wage losses concentrated among those who leave the bought-out firm. These dynamics appear to be the result of private equity acting to increase efficiency rather than exploiting labour market power.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 15/07/2025
What is the potential impact of President Trump's push to have more control of the Federal Reserve? On our podcast, Economist Art Rolnick explains how central bank independence is important to maintaining public confidence and reducing uncertainty. More: youtu.be/1yPJLztnWfs
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 14/07/2025
Professor Chris Phelan was interviewed on the debt effect of the recently passed massive tax-and-spend bill known as the One Big Beautiful Bill Act. www.startribune.com/bbb-us-natio... #EconSky
startribune.com
Rash: The debt effect of the Big Beautiful Bill, by the numbers
From columnist John Rash: Fiscal think tanks have sounded the alarm on the impact President Donald Trump's budget bill will have on the national debt.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 11/07/2025
What is the potential economic impact of the latest round of tariffs from the Trump administration? On our podcast, Professor @tkehoe.bsky.social explained how Trump's tariffs on intermediate goods (like copper) hurt American manufacturers. More: youtu.be/CXctWkB2xD4 #EconSky #EconPolicy #Tariffs
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 26/06/2025
Our Office Hours podcast is exploring economics in the Trump-era with host Chris Farrell. Episode 1: The end of the free trade era? Professors Chris Phelan and Tim Kehoe have differing views. Link to the audio version: open.spotify.com/episode/6eBS... Video link: www.youtube.com/watch?si=8R9...
open.spotify.com
S3E1: The End of the Free Trade Era: Trump’s Sledgehammer approach to constructing a new economic order
Heller-Hurwicz Office Hours · Episode
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 23/06/2025
Professor Chris Phelan was interviewed in @startribune.com on how the Trump administration is renegotiating the entire post-World War II trade structure. www.startribune.com/mn-farmer-fe...
startribune.com
Burcum: As Trump trade threats loom, a Minnesota farm family braces for impact
Follow along with the Johnsons, who, like many farm families, are trying to navigate an unpredictable trade war.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 18/06/2025
As uncertainty about the U.S.' economic outlook grows, this season's Office Hours podcast explores the impact of the Trump administration's policies. Tune in for insights on some of the most pressing economic issues from leading Minnesota economists. cla.umn.edu/heller-hurwi...
cla.umn.edu
Season preview- Trade wars, tradeoffs, and turbulence: Examining economics in the Trump-era
The four-episode series delves into the policy priorities of Trump's second term, from Federal Reserve independence to inflation, foreign trade, and the U.S. relationship with China.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 11/06/2025
Kjetil Storesletten's column on growth of the US national debt during Trump's first presidency is referenced for this article on budgetary inertia, fiscal sustainability, and checks and balances: cepr.org/voxeu/column...
cepr.org
Fiscal sustainability and budgetary inertia: When checks and balances really matter
Public spending programmes, once established, become entrenched, making it hard for the next administration to cut them. For many, this inertia leads to bloated spending and makes debt unsustainable. This column argues that the link between budget inertia and fiscal sustainability is surprisingly not straightforward. It examines when fiscal reforms might be ineffective, showing that inertia may improve fiscal sustainability – especially when coupled with more consensual legislative decision-making. In the case of the US, it argues that enforcing the Senate’s 60% supermajority rule would lower US debt.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 06/06/2025
While recent talks between the U.S. and China have lessened the prospect of a total halt in trade between the world’s two biggest economies, the Trump administration’s escalated confrontations with China are already having an impact. Listen for more 🎧 youtu.be/TfleWWXhmLE
youtu.be
The Trade War between the U.S. and China: What’s at stake in the decoupling
YouTube video by Heller-Hurwicz Economics Institute
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 04/06/2025
In yesterday's episode of the Office Hours Podcast, economist VV Chari shares his perspective on learnings from the last couple of years about inflation and monetary policy and the potential impact of President Trump's approach 🎧 www.youtube.com/watch?v=nybw...
youtube.com
Inflation, tariffs, and lessons learned (and relearned) from history
YouTube video by Heller-Hurwicz Economics Institute
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 02/06/2025
Professor VV Chari in the @startribune.com on the legislation that recently passed the U.S. House: “We’re now out of the pandemic. This is a time for us to pursue perhaps a more responsible fiscal policy, but we seem to be going in exactly the wrong direction.” www.startribune.com/the-fiscal-i...
startribune.com
The fiscal impact of the bill will be big, but it won’t be beautiful
Trillions estimated to be added to a federal debt that’s already unsustainable.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 29/05/2025
The ability for a nation's central bank to operate independently is a core tenet of modern monetary policy. President Trump is a regular critic and has pushed to have more control over the Federal Reserve. Listen to the newest Office Hours for more👇🎧 open.spotify.com/episode/55aW...
open.spotify.com
S3E2: Checks, Balances, and Political Independence: President Trump and the Federal Reserve Bank
Heller-Hurwicz Office Hours · Episode
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 28/05/2025
New Office Hours episode: The turn away from free trade has been a major shift. Tune in to hear economists Tim Kehoe (@tkehoe.bsky.social) and Chris Phelan share their perspectives on how the president's approach to trade policy is playing out for the United States. open.spotify.com/episode/6eBS...
open.spotify.com
S3E1: The Economics of Trump Tariffs and U.S. Trade Policy
Heller-Hurwicz Office Hours · Episode
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 28/04/2025
More coverage of Governor Kugler's comments at our recent event in the Minnesota Star Tribune: www.startribune.com/ramstad-econ...
startribune.com
Ramstad: Economic growth is becoming harder to achieve, but the U.S. has been managing it
Trump’s trade policies are dampening forecasts for global growth. A report card on the nation’s comes this week.
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Heller-Hurwicz Economics Institute @hellerhurwicz.bsky.social · 24/04/2025
The 2025 Spring Roundtable was a success! Many undergraduate students presented their impactful research. A special thank you to Dr. Adriana Kugler from the Federal Reserve and Dr. Juan Pablo Nicolini from the Minneapolis Fed for their engaging presentation. cla.umn.edu/heller-hurwi...
cla.umn.edu
2025 HHEI Spring Roundtable Featured Federal Reserve’s Dr. Adriana D. Kugler and Showcased Student Research
2025 HHEI Spring Roundtable
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