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...
Pero creo que José Claudio comete un pequeño error en español. Él nos llama las ciudades gemelas, pero es argentino y no aficionado al béisbol. Todos los aficionados al béisbol de habla español sabemos que nuestro equipo se llama los Mellizos de Minnesota.
José Claudio tiene razón: Un rasgo distintivo de Minnesota es que la gente se saluda — buenos días, buenas tardes, algún comentario sobre el tiempo — sin importar si se conoce o no. Me pareció extraño cuando llegué aquí hace 39 años. Ahora yo lo hago todos los días.
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...
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...
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.
The situation in Minneapolis is bad. There is a lot of criminal activity, almost all of it perpetrated by federal agents. We are depressed, but at the same time we are proud of our community. The community's will to resist Trump and his goons is stronger than ever!
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!
No puedo decir que todo va bien aquí en Minneapolis, pero todo va a ir mejor si salgan los agentes de la ICE.
Vivo en Minneapolis desde 1987. Recuerdo que siempre había una o dos semanas así cada año. Pero, con el calentamiento global, este es el día más frío desde 2019.
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.
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
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.
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...
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
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
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...
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
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!
Leonardo is member of Manuel Amador’s and my UMN Econ @umn-econ.bsky.social workshop group.
Cristina Arellano, a research economist at @minneapolisfed.bsky.social, also advises Leonardo on his research. Leonardo and Cristina have written a paper together. Check out other papers on his webpage.
Heterogeneous consumers in model face Aiyagari-style labor market uncertainty. Leonardo asks a random sample of 2 million consumers in model same question as Survey of Consumers asks U.S. consumers. As in U.S., in model majority feel better off in 2020-21 and worse off in 2023-24.
Leonardo analyzes COVID-19 recession and government policy response 2020Q1-24Q4: paths of inflation, of lockdown policies, and of fiscal policy parameters corresponding to government debt, government consumption, unemployment insurance, stimulus checks, and capital subsidies to firms.
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.
Juliana has research she started on before she came to UMN Econ and she has continued since coming here.
Collaborations with researchers at Banco de la República in her native Colombia, CEMLA, IMF, and Minneapolis Fed have resulted in 8 published papers and 2 working papers with more on the way!
Her argument is plausible, but value of her analysis is how she combines empirical evidence with economic modeling to make it compelling.
Juliana is member of Manuel Amador’s and my UMN workshop. Marco Bassetto and Illenin Kondo at Minneapolis Fed @minneapolisfed.bsky.social are also advising her.
Juliana argues that, if country has low levels of infrastructure and of private capital, government can borrow to provide infrastructure, which encourages more private investment, which increases domestic output and tax revenues, making it easier for government to service debt.
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.
