Heller-Hurwicz Economics Institute
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hellerhurwicz.bsky.social
Heller-Hurwicz Economics Institute
@hellerhurwicz.bsky.social
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.
Pinned
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...
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.
cla.umn.edu
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?...
November 25, 2025 at 7:14 PM
“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.
www.minnpost.com
November 24, 2025 at 4:27 PM
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
November 21, 2025 at 5:31 PM
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...
November 5, 2025 at 9:06 PM
Reposted by Heller-Hurwicz Economics Institute
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
November 3, 2025 at 3:20 PM
Reposted by Heller-Hurwicz Economics Institute
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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October 17, 2025 at 8:54 PM
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.
www.kare11.com
October 16, 2025 at 4:52 PM
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.
www.marketplace.org
October 14, 2025 at 5:07 PM
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
October 7, 2025 at 5:40 PM
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
October 2, 2025 at 3:57 PM
Reposted by Heller-Hurwicz Economics Institute
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
October 1, 2025 at 5:12 PM
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
September 22, 2025 at 3:07 PM
Reposted by Heller-Hurwicz Economics Institute
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...
September 15, 2025 at 9:03 PM
Reposted by Heller-Hurwicz Economics Institute
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...
September 8, 2025 at 5:55 PM
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...
September 8, 2025 at 5:55 PM
Reposted by Heller-Hurwicz Economics Institute
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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September 5, 2025 at 6:54 PM
Reposted by Heller-Hurwicz Economics Institute
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
bit.ly
September 3, 2025 at 10:20 PM
Reposted by Heller-Hurwicz Economics Institute
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
'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.
z.umn.edu
August 6, 2025 at 1:42 PM
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...
'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.
www.kare11.com
August 6, 2025 at 2:35 PM
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...
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.
www.startribune.com
August 5, 2025 at 12:38 PM
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
July 31, 2025 at 2:22 PM
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
July 22, 2025 at 7:59 PM
Reposted by Heller-Hurwicz Economics Institute
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...
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.
cepr.org
July 11, 2025 at 6:18 PM
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
July 15, 2025 at 5:24 PM
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
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.
www.startribune.com
July 14, 2025 at 6:02 PM