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!

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

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

Borrowed from a friend because it is absolutely perfect.

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...

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.

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

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

Amazing paper!

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

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...

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

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

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."

This is an excellent analysis of the business and leadership crisis in the WNBA right now. Stop reading the other stuff out there and spend 10 minutes or so reading this.

In latest Quarterly Review @tkehoe.bsky.social and Xing Xu of @hellerhurwicz.bsky.social examine the diverging fortunes of Mexico and China. Both are world-leading exporters that have opened their economies dramatically -- but with very different paths of economic growth. https://bit.ly/3V2Ac8A

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

More of this.

One detail an Epstein survivor noted in today's presser: DOJ did not inform Ghislaine Maxwell's victims she was being moved to cozier digs.

China and Mexico opened up around 1990. Examining why China grew faster than Mexico and continues to grow faster even though it depends less on trade and foreign investment, from @tkehoe.bsky.social and Xing Xu https://www.nber.org/papers/w34181

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...

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...

New study comparing 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...

After President Fernandez told Argentina's statistical agency to make up inflation data in 2007, country had problems selling bonds for years. Trump's firing of BLS Commissioner yesterday will cause problems for U.S. With Trump's deficits, we need to sell bonds! www.reuters.com/article/mark...

Scotland responds to President Trump's complaints about windmills during his visit there ...by building more windmills! www.yahoo.com/news/article...

President Trump fired BLS Commissioner because he thinks revisions to jobs reports for past three months make him look bad. President Cristina Fernandez fired officials at Argentina's National Statistics Institute (INDEC) in 2007 because she wanted lower inflation data. www.yahoo.com/news/article...

Ariel Burstein presents the third and final plenary lecture, on Economic Efficiency with Heterogeneous Consumers, at the Annual Meeting of the Society for Economic Dynamics at the beautiful Central Campus of the University of Copenhagen.

Two photos from Annual Meeting of Society for Economic Dynamics in Copenhagen: (L) me presenting my work with Aloisio Araujo and Juan Pablo Gama; (R) Ayşegül Şahin’s last slide of her plenary address.

Per Krusell introducing Ayşegül Şahin to present her research on Labor Market Dynamics in the second plenary session at the Annual Meeting of the Society for Economic Dynamics at the beautiful Central Campus of the University of Copenhagen.

Paco Buera presenting his work on Macro-Development, the first plenary session at the Annual Meeting of the Society for Economic Dynamics on the beautiful campus of the University of Copenhagen.

“Artificial Intelligence and Learning the Macroeconomy: Workshop in Honor of Albert Marcet,” BSE Summer Forum, 19-20 June 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...

Ph.D. Commencement at U of Minnesota: I am with Gabriel Devoto @gabriel-devoto.bsky.social and Mauricio Barbosa Alves @mbarbosaalves.bsky.social, thesis advisees and members of Manuel Amador’s and my research workshop in international economics. Gabriel goes to IMF and Mauricio to U of Kentucky.

Ph.D. Commencement at U of Minnesota: I am with Gabriel Devoto @gabriel-devoto.bsky.social and Mauricio Barbosa Alves @mbarbosaalves.bsky.social, thesis advisees and members of Manuel Amador’s and my research workshop in international economics. Gabriel goes to IMF and Mauricio to U of Kentucky.

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Critics are upset President Trump said, "I'm not a lawyer. I don't know" in response to whether migrants are entitled to due process when 5th Amendment says they are. I think that we should give Trump a break. He is clearly in cognitive decline, maybe Alzheimer's. www.yahoo.com/news/experts...

This week's Economist: "Studies suggest that alcohol, deployed judiciously, can aid the creative process. [Researchers] have found that intoxicated people solved problems faster and 'were more likely to perceive their solutions as the result of a sudden insight.'" www.economist.com/finance-and-...

Gregg Popovich is retiring as coach of San Antonio Spurs. Pop was great basketball coach and great human being. I remember watching Spurs--with Tim Duncan, Manu Ginobili, and Tony Parker--20 years ago and thinking, "This is how basketball should be played as a team." www.nbcnews.com/sports/nba/g...

Is U.S. in a recession now? We will know when we get numbers for 2025Q2. NBER Business Cycle Dating Committee usually, but not always, calls a recession after two quarters of negative GDP growth. The 2025Q1 contraction was small and driven by surge in imports. finance.yahoo.com/news/us-econ...

President Trump is dropping in the polls. His reaction: "FAKE POLLS FROM FAKE NEWS ORGANIZATIONS" should be "investigated for ELECTION FRAUD." This is what can destory democracy. www.axios.com/2025/04/28/t...

Futbol Club Barcelona guanya la Copa del Rei! Copa, Lliga, Champions! Un avall, en queden dos! As we say in English: One down, two to go! www.youtube.com/watch?v=quk4...

I was brought up a Rhode Islander, but I have lived in Minnesota since 1987, I teach at the University of Minnesota, and I am married to a Minnesotan. So I am a Minnesotan, even though I still have a Rhode Island accent. This speech by my governor makes me proud to be a Minnesotan.

The Art of the Deal! President Trump is looking for a way to back down from trade war with China and somehow claim there have been negotiations that make it a victory for the US and, more importantly, him. China realizes this and will give him very little. www.yahoo.com/news/china-s...

Trump tariffs will reduce economic growth this year, especially in US and China: "'We are entering a new era,' Pierre-Olivier Gourinchas, chief economist at the IMF, said. 'This global economic system that has operated for the last eighty years is being reset.'" www.yahoo.com/finance/news...

Trump's tariffs from viewpoint of Spanish Canadian economist Pau Pujolas @paupujolas.bsky.social: "I saw a message from Timothy Kehoe, my mentor and an economist at the University of Minnesota. He wrote, 'You’re famous—and I don’t think you’re going to like it.'" torontolife.com/city/it-felt...

Expect more uncertainty and volatility: "Trump’s tariff policies have led markets to decline since he was elected...Any positive news has pushed markets up from a baseline of negativity, but the lack of clarity on tariffs means that any upturn is tentative." finance.yahoo.com/news/don-t-f...

El que els culers esperem de nou aquest any: Copa, Lliga, Champions! Lo que los culés esperamos de nuevo este año: ¡Copa, Liga, Champions! www.youtube.com/watch?v=quk4...

Someone needs to explain to President Trump that every time that he blames Jerome Powell for the collapse in U.S. stock markets, these markets fall further. Market participants believe the President's erratic tariff announcements that are the problem. www.yahoo.com/finance/news...