What a great way to finish a PhD trade course. A Saturday with research presentations all morning followed by a lunch at Pizza Lucé in the Seward neighborhood in Minneapolis! ⁦Heller-Hurwicz Economics Institute⁩

When I first got into economics as a Master student in UW-Madison Wisconsin Economics , Noah’s class (even in online form it was fantastic) sparked my interest in Macro. The class and the program changed my life in many ways. Such a pleasant to be able to meet in person!

Introducing UMN Economics - Just in time for Minnesota Macro 2024! sites.google.com/umn.edu/minnes…

New article: "Risk loving and fat tails in the wealth distribution" by Aloisio Araujo, Juan Pablo Gama, and Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦. In a dynamic general equilibrium model risk-loving behavior by some investors generates unequal distributions of income and wealth. rdcu.be/d7RG4

Prof. Kim Ruhl (UMN PhD 2004) of U. Wisconsin-Madison has been named as a member of President Trump's Council of Economic Advisors. I admire Kim for his service to our country, and I hope he is able to have a favorable influence on US economic policy. news.wisc.edu/uw-madison-eco…

Xing Xu Xing Xu, PhD student at UMN Economics and research analyst at Minneapolis Fed and I have just finished a study that compares economic experiences of China and Mexico after they opened to international trade and foreign investment. minneapolisfed.org/research/staff… Heller-Hurwicz Economics Institute

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 @TimTKehoe and Xing Xu nber.org/papers/w34181

excited to have contributed to this issue... two big issues covered here: 1) what might be the effects of #tariffs on the natural rate of interest or "r-star" Neil Mehrotra and I provide some answers. 2) What is the connection between trade and growth? Mexico and China trade a

Mike Mike Waugh is right! An exciting issue of Minneapolis Fed Quarterly Review, and I also am proud to have contributed. Xing Xu Xing Xu and I analyze experiences of China and Mexico -- two largest merchandise exporters among middle-income countries in the world.

In latest Quarterly Review @TimTKehoe & Xing Xu of Heller-Hurwicz Economics Institute 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. bit.ly/3V2Ac8A

2 export-heavy economies, 2 different growth paths: Unlike Mexico, China industrialized as it opened up, evolved its export mix, and benefitted from structural advantages like a stronger financial system. More in our QR from Xing Xu & @TimTKehoe. bit.ly/3V2Ac8A

Importante artículo de Manuel Sánchez ¿Por qué 🇲🇽 crece menos que 🇨🇳 ? Referencia al documento de Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 minneapolisfed.org/research/quart…

Manuel Sanchez Manuel Sánchez, important Mexican economist and former Deputy Governor of Banco de México, explains how recent Minneapolis Fed Quarterly Review article by Xing Xu and me identifies key reasons why Mexico has grown less than China since 1990.