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...

Professor Rachel Croson shares insights on why prediction markets like Kalshi and Polymarket are drawing attention amidst ongoing legal debates. Read more: https://bit.ly/4fn4qhb

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...

startribune.com

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

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

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

whitehouse.gov

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

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.

z.umn.edu

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...

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.

cnbc.com

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...

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.

cla.umn.edu

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.

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.

z.umn.edu

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...

Rash: Jerome Powell defends the Fed – and the nation

Central bank independence is central to a successful economy, John Rash writes.

startribune.com

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

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...

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...

cla.umn.edu

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...

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.

minnpost.com

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...

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?...

“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...

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.

minnpost.com

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

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...

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...

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.

cla.umn.edu

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. https://bit.ly/467e9Cq

Search | Federal Reserve Bank of Minneapolis

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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...

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.

kare11.com

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...

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.

marketplace.org

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...

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.

cla.umn.edu

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.

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.

cla.umn.edu

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. https://bit.ly/4gxpdxv

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...

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.

cla.umn.edu

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...

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...

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...

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

Openness and Growth: A Comparison of the Experiences of China and Mexico | Federal Reserve Bank of Minneapolis

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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

Quarterly Reviews | Federal Reserve Bank of Minneapolis

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