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UMN Economics

@umn-econ.bsky.social
363 followers 480 following 53 posts

Representing the University of Minnesota Department of Economics

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UMN Economics @umn-econ.bsky.social · 11/08/2026
U of M Economist Christopher Phelan confirmed as Chair of the Council of Economic Advisers, continuing Minnesota's legacy of shaping national policy. cla.umn.edu/economics/ne...
cla.umn.edu
Christopher Phelan Confirmed as CEA Chair
U of M economist Christopher Phelan confirmed as Chair of the Council of Economic Advisers, continuing Minnesota's legacy of shaping national policy.
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UMN Economics @umn-econ.bsky.social · 18/06/2026
mnmacro.github.io/registration/ ⏰ Less than 3 weeks left! Register for the 2026 Minnesota Macro Workshop (July 29-31 at UMN). Space is limited and spots are filling fast. Secure yours before the July 07 deadline.
mnmacro.github.io
Registration — Minnesota Workshop in Macroeconomic Theory
A workshop on dynamic macroeconomic theory sponsored by the University of Minnesota and the Federal Reserve Bank of Minneapolis.
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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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UMN Economics @umn-econ.bsky.social · 30/03/2026
z.umn.edu/b6oy Can the U.S. maintain fiscal sustainability as debt rises and the population ages? Join economists Jesús Fernández-Villaverde (UPenn) & Hannes Malmberg (UMN) for our hybrid Spring Roundtable on April 16, 5-6:30 PM.
z.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 · 16/03/2026
z.umn.edu/b5ki Nobel laureate Christopher Sims (1942-2026) reshaped macroeconomics during 20 years at Minnesota. His vector autoregression framework gave economists new tools to trace how shocks affect the economy over time. He will be greatly missed. #EconSky
z.umn.edu
Remembering Christopher Sims, Pioneering Macroeconomist (1942-2026)
Chris Sims, Nobel laureate and one of Minnesota's legendary "Four Horsemen" who transformed macroeconomics, past away last weekend.
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UMN Economics @umn-econ.bsky.social · 16/03/2026
sites.google.com/umn.edu/minn... Call for Papers! The Minnesota Workshop in Macroeconomic Theory, sponsored by NSF, the University of Minnesota, and the Federal Reserve Bank of Minneapolis, is accepting submissions. Join us July 29–31. Deadline: April 24. #EconSky #callforpapers
sites.google.com
Minnesota Workshop in Macroeconomic Theory
MN Macro 2026 The Minnesota Workshop in Macroeconomic Theory is a workshop on dynamic macroeconomic theory sponsored by the National Science Foundation, the University of Minnesota and the Federal Re...
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UMN Economics @umn-econ.bsky.social · 11/02/2026
www.bbc.com/audio/play/w... Why do we make bad bets? Prof. Rachel Croson explains the gambler's fallacy & hot hand fallacy on BBC's Crowd Science podcast—from Vegas roulette wheels to your investment portfolio.
bbc.com
BBC Audio | CrowdScience | Do multiple choice questions make us biased?
CrowdScience listener Griffith asks why a multiple choice quiz answer is rarely ‘a’.
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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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UMN Economics @umn-econ.bsky.social · 16/01/2026
www.fox9.com/video/fmc-d4... What are the economic implications of cutting all federal aid to Minnesota? Prof. Kjetil Storesletten spoke with Fox 9 to analyze what the proposed February 1 cutoff of federal aid would mean for the state's residents and economy. #econsky #minnesotanews
fox9.com
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UMN Economics @umn-econ.bsky.social · 10/12/2025
z.umn.edu/axui What's driving Minnesota's projected $3B budget shortfall? @minnpost.bsky.social asked economists including Prof. VV Chari and Econ alum Mario Solis-Garcia (Macalester) to weigh in on spending pressures, revenue uncertainty, and federal policy risks.
z.umn.edu
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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UMN Economics @umn-econ.bsky.social · 24/11/2025
Prof. Kjetil Storesletten breaks down why headline unemployment numbers don’t tell the full story. "Aggregates hide pain. When you look inside, the bottom half of workers see a much less rosy labor market than the unemployment rate suggests." Read the full article from Minnpost.
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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Reposted by UMN Economics
Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 19/11/2025
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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Reposted by UMN Economics
Opportunity & Inclusive Growth Institute @oiginstitute.bsky.social · 14/11/2025
A mother's time and household income both shape children's skill outcomes. To evaluate cash assistance programs, then, we need to account for the children's future outcomes. This is @jmullins.bsky.social @umn-econ.bsky.social project in a new Institute Working Paper bit.ly/3WJHGhC
Designing Cash Transfers in the Presence of Children's Human Capital Formation, Joseph Mullins, Opportunity & Inclusive Growth Institute Working Paper
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UMN Economics @umn-econ.bsky.social · 05/11/2025
cla.umn.edu/economics/ne... Is central bank independence under threat? 🏦 Former Minneapolis Fed President Gary Stern & Research Director Art Rolnick join Hoover's John Cochrane to debate what's at stake as governments push for more control over monetary policy. #econsky #monetarypolicy
cla.umn.edu
Central Bank independence: Critical for Economic Growth and Stability?
Is central bank independence at risk? Former Minneapolis Fed leaders Gary Stern & Art Rolnick join Hoover's John Cochrane to debate this critical question.
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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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UMN Economics @umn-econ.bsky.social · 16/10/2025
www.kare11.com/article/news... Prof. @tkehoe.bsky.social on @kare11.bsky.social analyzing the Fed's latest Beige Book: "Rough times are ahead." Kehoe warns about tariff uncertainty: "When we have no idea what tariffs will look like in six months, we can't make plans."
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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UMN Economics @umn-econ.bsky.social · 14/10/2025
www.marketplace.org/story/2025/1... V.V. Chari on @marketplace.org explaining a major labor market shift: "Break-even employment" dropped from 250K jobs/month in 2023 to just 30K today. The reason? Changing migration patterns have reshaped the balance between job seekers and available jobs.
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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UMN Economics @umn-econ.bsky.social · 03/10/2025
Congrats to PhD alum Gary Hansen on his election to the NBER Board of Directors! Gary earned his PhD from UMN in '86 under Edward Prescott, developing his groundbreaking theory of indivisible labor. Now a leading macroeconomist at UCLA, he continues shaping the field.
Gary Hanson smiles sitting down with a wall of books behind him.
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UMN Economics @umn-econ.bsky.social · 29/09/2025
A chance encounter with policy research sparked a journey across continents. Meet our newest Associate Professor Anran Li and her quest to fix healthcare markets. cla.umn.edu/economics/ne...
cla.umn.edu
From Seminar Room to Healthcare Markets: Professor Anran Li's Journey to Minnesota
A chance encounter with policy research sparked a journey across continents. Meet new Associate Professor Anran Li and her quest to fix healthcare markets.
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UMN Economics @umn-econ.bsky.social · 22/09/2025
Highlighting outstanding work by UMN Economics professors Ellen McGrattan and Anmol Bhandari! Their analysis challenges common assumptions about entrepreneurial earnings. We are proud to have such impactful researchers in our department.
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UMN Economics @umn-econ.bsky.social · 10/09/2025
www.marketplace.org/story/2025/0... July inflation hit 2.7% But UMN economist V.V. Chari says it would take a HUGE jump in August data to change the Fed's mind about cutting rates next week. "If they saw something like 3.5%, 4% inflation... that might raise alarm bells."
marketplace.org
The Fed is keeping a close eye on inflation numbers out later this week
The expectation is that the Fed will cut rates — but what if inflation spiked in August?
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UMN Economics @umn-econ.bsky.social · 25/08/2025
www.bloomberg.com/news/article... UMN Prof. Hannes Malmberg co-authored research presented at the Fed's Jackson Hole conference showing US debt could reach 250% of GDP without raising interest rates—but only with major fiscal adjustments. #EconSky #FiscalPolicy
bloomberg.com
US Debt-to-GDP of 250% Won’t Push Up Rates: Jackson Hole Paper
US government debt could reach 250% of gross domestic product without putting upward pressure on interest rates, according to a paper presented at the Federal Reserve’s Jackson Hole conference.
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Reposted by UMN Economics
Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 23/08/2025
New study compares economic experiences of China and Mexico after they opened to international trade and foreign investment by Xing Xu, PhD student at UMN Econ ‪ @umn-econ.bsky.social‬ and research analyst at Minneapolis Fed @minneapolisfed.bsky.social and me: www.minneapolisfed.org/research/sta...
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UMN Economics @umn-econ.bsky.social · 11/08/2025
What do you gain when you travel abroad? University of Minnesota economics students discovered the answer in London. Read how three weeks transformed their understanding of global economics. #EconSky #economics cla.umn.edu/economics/ne...
cla.umn.edu
From Brexit to Sustainability: Economics Study Abroad Program Adapts to Global Changes
Economics students discover how three weeks in London transforms their understanding of global markets and shapes international career dreams.
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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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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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UMN Economics @umn-econ.bsky.social · 26/06/2025
UMN economics professor Art Rolnick spoke to ‪@kstptv.bsky.social‬ on the Target Center funding debate: “I think the only argument that’s going to hold any weight is to threaten to move. Once they say they’re not moving, the game's over.” #Timberwolves #EconSky kstp.com/kstp-news/to...
kstp.com
Wolves, Lynx new owners pledge to stay in the state, arena upgrade
Marc Lore said in a video posted by the team on Wednesday, “We are not moving the team ever." Alex Rodriguez also suggested an arena upgrade is ahead.
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UMN Economics @umn-econ.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. #Economics #EconSky #EconPolicy
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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UMN Economics @umn-econ.bsky.social · 17/06/2025
What sets UMN Economics apart? Our exceptional community and partnerships, including unique collaboration with the Federal Reserve Bank of Minneapolis. With multiple degree pathways and real-world learning opportunities, we’re preparing the next generation of economics professionals. #EconSky
cla.umn.edu
One of the Best Reasons to be an Econ Major: Inside UMN's Economics Community
Discover how Economics at Minnesota, in partnership with the Federal Reserve, offers students unique opportunities that set them up with real-world experiences.
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UMN Economics @umn-econ.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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UMN Economics @umn-econ.bsky.social · 27/05/2025
The turn away from free trade has been a major shift. In this episode of the Office Hours Podcast, economists Tim Kehoe and Chris Phelan share differing 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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UMN Economics @umn-econ.bsky.social · 29/04/2025
Catch highlights from Federal Reserve Governor Adriana Kugler’s 2025 Heller-Hurwicz Roundtable address in this recent Star Tribune feature: strib.gift/6hMmAFp
strib.gift
Things To Do in Minneapolis and around the Twin Cities
Find things to do in Minneapolis and the Twin Cities, from theater performances at the Orpheum to events at Xcel Energy Center and Target Center.
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UMN Economics @umn-econ.bsky.social · 25/04/2025
Read more about Federal Reserve Governor Adriana Kugler's address at the 2025 Heller-Hurwicz Economics Institute Roundtable event with this latest piece from Bloomberg. www.bloomberg.com/news/article...
bloomberg.com
Fed’s Kugler Says Tariff Impact Likely Larger Than Expected
Federal Reserve Governor Adriana Kugler said tariffs will likely put upward pressure on prices and have a bigger economic effect than previously expected.
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UMN Economics @umn-econ.bsky.social · 23/04/2025
Federal Reserve Governor Adriana Kugler addressed UMN's Heller-Hurwicz Economics Institute at its annual roundtable event, discussing the transmission of monetary policy and the economic outlook. Learn about her viewpoints with this piece from Reuters: www.reuters.com/business/fed...
reuters.com
Fed's Kugler, citing inflation risks, supports steady policy rate
Federal Reserve Governor Adriana Kugler said on Tuesday that with U.S. import tariffs significantly larger than expected and likely to put upward pressure on prices, the central bank ought to keep short-term borrowing costs unchanged until inflation risks recede.
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UMN Economics @umn-econ.bsky.social · 18/04/2025
Prof. Hannes Malmberg of UMN Economics is featured in Inside Story, discussing his research on the economic outcomes of trade wars. insidestory.org.au/donald-trump...
insidestory.org.au
Donald Trump’s lose–lose tariffs • Noah Smith
History shows tariffs are bad for rich economies — and Donald Trump’s decisions so far are actually reducing manufacturing investment
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UMN Economics @umn-econ.bsky.social · 15/04/2025
We are sad to announce that former faculty member and Minnesota Econ Ph.D. alum Patrick Bajari passed away on Monday. cla.umn.edu/economics/ne...
cla.umn.edu
Remembering Patrick L. Bajari (1969-2025)
Patrick L. Bajari was a pioneer spanning the academic and business worlds.
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UMN Economics @umn-econ.bsky.social · 10/04/2025
Registration is still open for the HHEI Spring Roundtable Event on April 22 from 5:00 PM to 6:30 PM at Cowles Auditorium! You can register and read more about the event here: cla.umn.edu/economics/ne...
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UMN Economics @umn-econ.bsky.social · 07/04/2025
​U of M Economics PhD alumna Ina Simonovska is featured in Yahoo Finance, expressing concerns over the White House's use of her research to justify new tariffs. ​ finance.yahoo.com/news/the-whi...
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UMN Economics @umn-econ.bsky.social · 07/04/2025
University of Minnesota Economics Professor Tim Kehoe discusses the impact of new tariffs on consumers and the economy in the Star Tribune. www.google.com/url?rct=j&sa...
google.com
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UMN Economics @umn-econ.bsky.social · 07/04/2025
​University of Minnesota Economics Professor V.V. Chari provides insights in Marketplace on why the job market remains strong despite rising interest rates. www.marketplace.org/2025/04/03/w...
marketplace.org
Why haven't higher interest rates slowed the job market? - Marketplace
A Dallas Fed report shows that job growth has been strong in areas like health care, which is less sensitive to interest rate changes.
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UMN Economics @umn-econ.bsky.social · 04/04/2025
​University of Minnesota's Professor V.V. Chari provides insights on the Fed's inflation challenges amid new tariffs in the Star Tribune. www.startribune.com/federal-rese...
startribune.com
Trump’s tariffs will likely raise inflation, Federal Reserve chair says
In his first public remarks since the latest trade war salvo, Jerome Powell said it’s too soon to know how the central bank might respond.
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UMN Economics @umn-econ.bsky.social · 01/04/2025
Mark your calendar for the HHEI Spring Roundtable Event on April 22 from 5:00 PM to 6:30 PM at Cowles Auditorium! You can register and read more about the event here: cla.umn.edu/economics/ne...
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UMN Economics @umn-econ.bsky.social · 14/02/2025
Our undergrads had a "once in a lifetime experience" on the department's inaugural NYC Career Exploration Trip, visiting top firms and the NYSE. Read more about their journey in our latest article! cla.umn.edu/economics/ne...
cla.umn.edu
New York Career Trip a “Once in a Lifetime Experience” for Econ Undergrads
The week-long excursion, hosted by the Department of Economics, took current University of Minnesota students to visit the New York Stock Exchange, Houlihan Lokey, BlackRock, and Goldman Sachs.
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UMN Economics @umn-econ.bsky.social · 11/02/2025
Register today for the 2025 Jon Goldstein Memorial Lecture on Economics & Environmental Policy, Feb. 20th at 5:00pm, featuring Bård Harstad (Stanford) on "The Economics of Conservation." cla.umn.edu/economics/ne...
cla.umn.edu
Bård Harstad on "The Economics of Conservation"
2025 Jon Goldstein Memorial Lecture: Bård Harstad on "The Economics of Conservation"
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UMN Economics @umn-econ.bsky.social · 06/02/2025
Join us Feb. 20th at 5:00pm for the 2025 Jon Goldstein Memorial Lecture on Economics & Environmental Policy, featuring Bård Harstad (Stanford) on "The Economics of Conservation." Register today! cla.umn.edu/economics/ne...
cla.umn.edu
Bård Harstad on "The Economics of Conservation"
2025 Jon Goldstein Memorial Lecture: Bård Harstad on "The Economics of Conservation"
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UMN Economics @umn-econ.bsky.social · 04/02/2025
UMN Economics congratulates Minnesota PhD Kim Ruhl, now at UW-Madison, on his appointment to the President's Council of Economic Advisers. Congratulations, Kim! news.wisc.edu/uw-madison-e...
news.wisc.edu
UW–Madison economics professor Kim Ruhl appointed as member of President’s Council of Economic Advisers
Established by Congress in 1946, the CEA comprises three economists who advise the U.S. president on a wide range of economic policy issues based on data, research and evidence.
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UMN Economics @umn-econ.bsky.social · 24/01/2025
Minnesota Economics alum Paul Anton shares his insights on inflation in the @startribune.com www.startribune.com/trump-has-no...
startribune.com
Trump has no magic wand that will lower inflation
He’ll have a hard time keeping his promises on this front, as anyone would, because of the dynamics involved.
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UMN Economics @umn-econ.bsky.social · 17/01/2025
UMN Econ's Tim Kehoe shares insights with KSTP on how Gov. Walz's tax cuts could impact tariff-related costs. Read more: kstp.com/kstp-news/to... #UMNEcon @tkehoe.bsky.social
kstp.com
Walz's sales tax cut and expansion push back, governor preparing for Trump tariffs
He wants to cut the statewide sales tax by 0.075% — which is $0.075 on a $100 purchase — moving it to 8.6% from 8.675%.
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UMN Economics @umn-econ.bsky.social · 13/01/2025
Congratulations to our own Manuel Amador, Jan Werner, Cristina Arellano, Marco Bassetto, as well as Minnesota PhD alum Dirk Krueger on being elected Economic Theory Fellows by the Society for the Advancement of Economic Theory! #UMNEcon #SAET saet.uiowa.edu
saet.uiowa.edu
SAET – Society for the Advancement of Economic Theory
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