iiinova — where your digital self keeps evolving

Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 09/02/2026

Pero creo que José Claudio comete un pequeño error en español. Él nos llama las ciudades gemelas, pero es argentino y no aficionado al béisbol. Todos los aficionados al béisbol de habla español sabemos que nuestro equipo se llama los Mellizos de Minnesota.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 09/02/2026

José Claudio tiene razón: Un rasgo distintivo de Minnesota es que la gente se saluda — buenos días, buenas tardes, algún comentario sobre el tiempo — sin importar si se conoce o no. Me pareció extraño cuando llegué aquí hace 39 años. Ahora yo lo hago todos los días.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 09/02/2026

Un articulo excelente sobre Minnesota y sus ciudades de Minneapolis y St Paul escrito por un argentino. / An excellent article (in Spanish) about Minnesota and the cities of Minneapolis and St Paul written by an Argentinian. HT/@gabriel-devoto.bsky.social www.lanacion.com.ar/cultura/minn...

lanacion.com.ar

Minnesota es como Pergamino

Historias y legado de un territorio sobre el que se han posado las miradas del mundo

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 29/01/2026

When Bruce Springsteen saw the news of the murder of Alex Pretti last Saturday, he wrote this song: Oh our Minneapolis, I hear your voice Crying through the bloody mist We’ll remember the names of those who died On the streets of Minneapolis www.youtube.com/watch?v=w24U...

youtube.com

Thank you Bruce Springsteen

YouTube video by Amy Klobuchar

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 25/01/2026

Attorney General Pam Bondi wrote to Governor Tim Walz telling him that President Trump will remove ICE from Minnesota if the state government hands over the data necessary for Trump to steal the 2026 elections in Minnesota. ICE activities in Minnesota have little or nothing to do with immigration.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 25/01/2026

The situation in Minneapolis is bad. There is a lot of criminal activity, almost all of it perpetrated by federal agents. We are depressed, but at the same time we are proud of our community. The community's will to resist Trump and his goons is stronger than ever!

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 25/01/2026

La situación en Minneapolis va mal. Hay mucha actividad delictiva, casi toda por parte de agentes federales. Estamos deprimidos, pero al mismo tiempo estamos orgullosos de nuestra comunidad. ¡La voluntad de la comunidad de resistir a Trump y sus secuaces es más fuerte que nunca!

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 23/01/2026

No puedo decir que todo va bien aquí en Minneapolis, pero todo va a ir mejor si salgan los agentes de la ICE.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 23/01/2026

Vivo en Minneapolis desde 1987. Recuerdo que siempre había una o dos semanas así cada año. Pero, con el calentamiento global, este es el día más frío desde 2019.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 23/01/2026

A beautiful, sunny morning in Minnesota. The temperature is -21 F, -29 C. Una hermosa mañana soleada en Minneapolis. La temperatura es de -21 grados Fahrenheit, -29 centígrados.

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NBER @nber.org · 17/12/2025

A study of US interest rate shocks and sovereign defaults finds that a jump in rate increases lenders’ opportunity cost of holding delinquent debt, and government expects larger haircuts, from Victor Almeida, Carlos Esquivel, @tkehoe.bsky.social, and Juan Pablo Nicolini www.nber.org/papers/w34555

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 17/12/2025

Presenting at the 50th Simposio de La Asociación Española de Economía at the Universitat Autònoma de Barcelona. This is the 33rd time that I presented at the Simposio.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 24/11/2025

Should IMF limit foreign borrowing by governments of developing nations? UMN @umn-econ.bsky.social Econ JMC Juliana Gamboa-Arbelaez argues any such restrictions need to depend on conditions in the country and how the government spends borrowed funds. sites.google.com/view/juliana...

I am a PhD job market candidate in Economics at the University of Minnesota. My research lies at the intersection of Macroeconomics and International Macroeconomics, with a focus on sovereign debt and...

Juliana Gamboa-Arbelaez

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 25/11/2025

Why did U.S.Consumer Sentiment Index fall as unemployment and inflation returned to normal 2023-24? @umn-econ.bsky.social JMC Leonardo Barreto @leonardo-barreto.bsky.social builds dynamic general equilibrium model with rich consumer heterogeneity to answer the question. www.leonardo-barreto.com

leonardo-barreto.com

Leonardo Barreto

Ph.D. candidate in Economics, University of Minnesota.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 21/11/2025

How do global value chains evolve over time? UMN JMC Carlos Bolivar @carlosbolivar03.bsky.social analyzes how firms change intermediate input suppliers in 43-country, 56-industry world trade model with changing transportation costs and stochastic country-industry productivity. carlosbolivar.info

carlosbolivar.info

Carlos Bolivar Ph.D. Student in Economics | Carlos Bolivar

I am a third-year Ph.D. student in Economics at the University of Minnesota, with research interests in International Economics, Macroeconomic Theory, and Public Economics. Learn more about my backgro...

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 20/11/2025

Why is agricultural productivity in India so low? UMN @umn-econ.bsky.social Econ JMC Scott Sommers argues weather shocks amplify land market restrictions as source of misallocation in agriculture. He uses micro data to build model of heterogeneous farmers. sites.google.com/view/scottso...

Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 19/11/2025

Scott Sommers

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How does IMF intervention after sovereign default help debtor country? UMN @umn-econ.bsky.social JMC Teresa Balestrini evaluates differences post default for countries that restructure within IMF program versus those that directly negotiate with creditors 1990–2014. www.teresabalestrini.com

teresabalestrini.com

TERESA BALESTRINI

Welcome! I am a PhD candidate in Economics at the University of Minnesota and will be on the 2025-2026 job market. My fields of interest are Macroeconomics and International Economics, with a focus ...

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Jorge Herrera-Juárez @jorgehj.bsky.social · 26/11/2025

Very nice paper from a very smart candidate @leonardo-barreto.bsky.social His paper is very creative and addresses a relevant question for academics and policymakers alike! Leonardo is also a very easygoing and intelligent colleague!

Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 25/11/2025

Leonardo is member of Manuel Amador’s and my UMN Econ @umn-econ.bsky.social workshop group. Cristina Arellano, a research economist at @minneapolisfed.bsky.social, also advises Leonardo on his research. Leonardo and Cristina have written a paper together. Check out other papers on his webpage.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 25/11/2025

Heterogeneous consumers in model face Aiyagari-style labor market uncertainty. Leonardo asks a random sample of 2 million consumers in model same question as Survey of Consumers asks U.S. consumers. As in U.S., in model majority feel better off in 2020-21 and worse off in 2023-24.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 25/11/2025

Leonardo analyzes COVID-19 recession and government policy response 2020Q1-24Q4: paths of inflation, of lockdown policies, and of fiscal policy parameters corresponding to government debt, government consumption, unemployment insurance, stimulus checks, and capital subsidies to firms.

Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 25/11/2025

leonardo-barreto.com

Leonardo Barreto

Ph.D. candidate in Economics, University of Minnesota.

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Jorge Herrera-Juárez @jorgehj.bsky.social · 24/11/2025

A very nice paper by a great candidate from the University of Minnesota! The paper becomes relevant now, when many emerging countries accumulated high debt levels and wanted to improve their health services and infrastructure after the pandemic! #EconSky #EconJobMarket #EconBlueSky #EconJM

Ambassador Ken Fairfax (ret) @portlandken.bsky.social · 23/11/2025

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Borrowed from a friend because it is absolutely perfect.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 24/11/2025

Juliana has research she started on before she came to UMN Econ and she has continued since coming here. Collaborations with researchers at Banco de la República in her native Colombia, CEMLA, IMF, and Minneapolis Fed have resulted in 8 published papers and 2 working papers with more on the way!

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 24/11/2025

Her argument is plausible, but value of her analysis is how she combines empirical evidence with economic modeling to make it compelling. Juliana is member of Manuel Amador’s and my UMN workshop. Marco Bassetto and Illenin Kondo at Minneapolis Fed @minneapolisfed.bsky.social are also advising her.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 24/11/2025

Juliana argues that, if country has low levels of infrastructure and of private capital, government can borrow to provide infrastructure, which encourages more private investment, which increases domestic output and tax revenues, making it easier for government to service debt.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 24/11/2025

Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 21/11/2025

Juliana Gamboa-Arbelaez

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Ricardo is right! Carlos has a excellent portfolio of research papers. In fact, we had trouble choosing which one to use as his job market paper.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 21/11/2025

Jorge is right! Carlos has put together a fantastic model that can be put to lots of uses.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 21/11/2025

Carlos is a member of Manuel Amador’s and my UMN @umn-econ.bsky.social international economics workshop group. Javier Bianchi a research economist at the Minneapolis Fed @minneapolisfed.bsky.social, is also advising Carlos on his research.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 21/11/2025

When the variance of productivity shocks increase as in Global Financial Crisis in 2009, firms substitute away from most important country-industry pairs in global trade network because these suppliers become riskier hedges, despite these suppliers having lower expected costs.

Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 21/11/2025

Carlos uses World Input-Output Database and ESCAP-World Bank Trade Cost Database over 2000-2014 to calibrate model. Before shocks are realized, firms decide on their trade networks based on expectations of productivity from AR1 processes for all 43*56 country-industry pairs.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 21/11/2025

carlosbolivar.info

Carlos Bolivar Ph.D. Student in Economics | Carlos Bolivar

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carlosbolivar03.bsky.social @carlosbolivar03.bsky.social · 20/11/2025

Amazing paper!

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 20/11/2025

Jorge is right! And Scott has a wide variety of research interests and skills.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 20/11/2025

Scott is a member of Manuel Amador’s and my UMN workshop group. Doireann Fitzgerald and Mike Waugh at Minneapolis Fed @minneapolisfed.bsky.social are also advising Scott on his research.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 20/11/2025

If there is drought that season, In villages with land rental, low ability farmers rent land to high-ability farmers and work as laborers In villages with no land rental, low-ability farmers farm but cannot afford fertilizer because of low income and minimum consumption requirement.

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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 20/11/2025

At beginning of monsoon crop season, farmer knows if there will be drought or not. But before he knows his own productivity, he must decide (1) to farm or work as laborer and rent out land and (2) if he farms, what crop to plant and how much fertilizer to use.

Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 20/11/2025

His data include household farming activities, meteorological conditions, and enforcement of legal restrictions at village level. He models farmers of different abilities who live in villages with different land rental restrictions and who face idiosyncratic productivity shocks.

Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 20/11/2025

Jorge Herrera-Juárez @jorgehj.bsky.social · 19/11/2025

Scott Sommers

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Súper interesting paper and great candidate for this year’s job market! #econsky #blueskyecon #econjobmarket