Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
banner
tkehoe.bsky.social
Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
@tkehoe.bsky.social
Professor of Economics, U of Minnesota: General Equilibrium, Macroeconomics, International Trade, Latin America. He/him

webpage: http://users.econ.umn.edu/~tkehoe
Pinned
La Calçotada d’Economistes de Barcelona al Restaurant Catalunya a Santes Creus: els meus amics Ernest, Hilda, Andreu, Esther i jo.
ICE out!

It has been painful. There has been a lot of suffering, human and economic. There has been unwarranted violence and criminal activity by federal agents.

But the people of Minnesota won!

www.yahoo.com/news/article...
Federal authorities announce an end to the immigration crackdown in Minnesota
The Trump administration is ending the immigration crackdown in Minnesota that led to thousands of arrests, violent protests and the fatal shootings of two U.S. citizens over the past two months, bord...
www.yahoo.com
February 12, 2026 at 3:53 PM
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...
Minnesota es como Pergamino
Historias y legado de un territorio sobre el que se han posado las miradas del mundo
www.lanacion.com.ar
February 9, 2026 at 3:42 PM
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...
Thank you Bruce Springsteen
YouTube video by Amy Klobuchar
www.youtube.com
January 29, 2026 at 3:15 PM
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.
Unlike Minnesota, Texas and Florida weren’t invaded by lawless, masked “immigration” ICE thugs.

That’s because their residents voted for Donald Trump and their governors flatter him.

This isn’t about immigration; it’s about deeply damaged Donald’s brittle ego.
January 25, 2026 at 3:43 PM
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!
January 25, 2026 at 3:35 PM
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.
January 23, 2026 at 3:18 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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
December 17, 2025 at 2:02 PM
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.
December 17, 2025 at 10:53 AM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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...
Juliana Gamboa-Arbelaez
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...
sites.google.com
November 24, 2025 at 5:40 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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
Ph.D. candidate in Economics, University of Minnesota.
www.leonardo-barreto.com
November 25, 2025 at 8:59 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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
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...
carlosbolivar.info
November 21, 2025 at 5:57 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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...
Scott Sommers
Scott Sommers
sites.google.com
November 20, 2025 at 4:17 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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
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 ...
www.teresabalestrini.com
November 19, 2025 at 3:28 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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
Leonardo Barreto
Ph.D. candidate in Economics, University of Minnesota.
www.leonardo-barreto.com
November 26, 2025 at 7:59 PM
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
Ph.D. candidate in Economics, University of Minnesota.
www.leonardo-barreto.com
November 25, 2025 at 8:59 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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
November 24, 2025 at 8:06 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
Borrowed from a friend because it is absolutely perfect.
November 23, 2025 at 12:59 AM
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...
Juliana Gamboa-Arbelaez
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...
sites.google.com
November 24, 2025 at 5:40 PM
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.
Carlos and I had several helpful and fun discussions about our research projects. I would note that he has (7!) other projects at the draft stage in his website! Prolific researcher, interesting questions and a great personality. @carlosbolivar03.bsky.social, when are we writing a paper?
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
November 21, 2025 at 7:48 PM
Jorge is right! Carlos has put together a fantastic model that can be put to lots of uses.
Another great paper from a great candidate @carlosbolivar03.bsky.social

His paper is super relevant in today’s times where trade policy uncertainty, tariffs and near shoring are affecting the decisions of firms and consumers all over the world.

Carlos is also a great economist!
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
November 21, 2025 at 7:43 PM
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
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...
carlosbolivar.info
November 21, 2025 at 5:57 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
Amazing paper!
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...
Scott Sommers
Scott Sommers
sites.google.com
November 20, 2025 at 11:56 PM
Jorge is right! And Scott has a wide variety of research interests and skills.
Super well done and relevant paper not only for India but for many other regions of the world!

Scott is also a very friendly and smart colleague! Definitely the type of person you want to work with!

#EconSky #EconJobMarket #EconBluesky
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...
November 20, 2025 at 5:19 PM
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...
Scott Sommers
Scott Sommers
sites.google.com
November 20, 2025 at 4:17 PM
Reposted by Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦
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
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 ...
www.teresabalestrini.com
November 19, 2025 at 3:34 PM