🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Sad news.

In memoriam. Edward C. Prescott: Economist, mentor, revolutionary thinker | Federal Reserve Bank of Minneapolis minneapolisfed.org/article/2022/e…

Will poor job matching inhibit the Fed's soft landing? While Olivier Blanchard Alex Domash & Lawrence H. Summers warn as much, our Simon Mongey computes match efficiency in the U.S. labor market directly (applying research w/ Gianluca Violante) and finds little evidence. bit.ly/3AYPzFq

Facing concurrent "1-in-100-year events"--a war and global pandemic--economists & policymakers must "rethink the playbook. You have to rethink how this event will change the way the economy operates." Get to know Andrea Raffo, our new research director. bit.ly/3kv8WjH

Views on the economy

In memoriam. minneapolisfed.org/article/2023/r…

And another important paper in the current AEA Journals AEJ: Macro is this one by Chris Erceg, Andrea Prestipino, and Andrea Raffo: aeaweb.org/articles?id=10…

At Federal Reserve Bank of San Francisco to discuss a great paper by @AGottfries / Jarosch. We just posted (a day before blackout!) an update to our 2022 piece using match efficiency to understand state of the U.S. labor market. Key result: Taking account of pre-pandemic vacancy trends puts us "back to normal"

Interesting piece on the US labor market.

📷 Call for papers, for more details see sites.google.com/view/mppconfer…

Doing research on banking and the macroeconomy? Please consider submitting to this exciting event.

Some economists have argued that real #InterestRates have moved higher than before the pandemic. Our research director Andrea Raffo considers the fundamental trends holding rates down and finds the case remains strong for low rates in the long run. bit.ly/3UGx8zU

Super excited to see the Minneapolis Fed grow with outstanding hires: Matt Rognlie as a permanent hire, and Wendy Morrison from Columbia (headed to Duke) in the Junior Scholar post-doc position 🎉

📢Announcing *new* monthly series of quits and layoffs reported by households! We see a notable sign of labor market softening: layoffs have risen steadily and significantly since January 2024. Do I have your attention #JOLTS and #jobsday fans? #econtwitter 🧵1/n

New insights into the labor market

Another interesting piece by Simon Mongey Jeff Horwich

So excited about the BEE (Broadening Excellence in Economics) initiative!! 🐝 A partnership Minneapolis Fed and U of M to offer a new undergraduate class tackling fundamental questions about African countries and a brand new research program at the Fed. BEE you in class!

Call for Papers: 2025 Macroeconomic Policy Perspectives Conference: The Macroeconomic Causes and Consequences of Inflation, hosted by BFI & JPE Macro, will be held October 16-17, 2025 in Chicago, Illinois. More info and submission link here: ow.ly/OGIo50UVh9m

How is Fed research adapting to century-high tariffs, an unprecedented trade war w/ China, and investors no longer seeking safety in U.S. Treasurys? We've got an international economics expert at the research helm: Jeff Horwich checks in with Andrea Raffo bit.ly/4lRJ8Ka

Was the labor market after COVID a "hot" one? Maybe looked like it, but there are reasons to read it as fundamentally cool. Reading it wrong has big implications for policy. Our economist Simon Mongey highlights new findings from Erik Hurst & Gianluca Violante. bit.ly/4dh5sZv