Heated debates served up respectfully Minnesota-style

V.V. Chari beamed as he summed up the first HHEI annual policy forum for MinnPost.

Unemployment Rate Drops

Fabrizio Perri comments on the 8.6 percent drop in unemployment on WCCO-TV.

Delta's hold on MSP costs travelers

Tim Kehoe and Art Rolnick comment on airline competition in the StarTribune.

Flat Tax

To get an idea of whether a flat tax would be an improvement for America, FOX 9 News spoke with Christopher Phelan.

Nobels Give Econometrics Pioneers Their Due

Alumnus Lars Peter Hansen, a research assistant for both Sims and Sargent when he was a graduate student at Minnesota, says their Nobel award gives the econometrics pioneers their due in Business Week.

The Nobel prize in economics: How to know what causes what

"Both laureates spent the main portion of their careers together at the University of Minnesota--one of the bastions of the "freshwater" school of macroeconomics--in the 1970s and 1980s." -- The Economist

Sargent and Sims: Uneasy With Labels (or Attention)

Sims and Sargent, colleagues at the University of Minnesota in the 1970s and '80s -- "the 'warring schools' period of economics" -- were awarded the 2011 Nobel Prize in economics on Monday, October 10. New York Times

Ideas were incubated in Minnesota

V.V. Chari discusses the significance of the work of the 2011 Nobel laureates Thomas Sargent and Christopher Sims that was done in Minnesota in the Star Tribune.

Nobel Prize winners were colleagues at U of M

The two winners of the Nobel economics prize were once half of the "four horsemen" at the University of Minnesota, debating theories that would change how governments manage the economy.

Nobel economics laureates Sargent and Sims continue U of M legacy

Today's announcement that the Nobel Prize in economics is being awarded to two economists with ties to the University of Minnesota further burnishes the U's reputation in "the dismal science." Economics as a discipline now claims more laureates from the U than any other discipline. The U now ranks second among public research universities with ties to economic laureates.

Two former faculty members receive the Nobel Prize

Two former University of Minnesota Department of Economics faculty - Thomas Sargent, HHEI board member and professor at New York University, and Christopher Sims, professor at Princeton University - have been awarded the 2011 Nobel Memorial Prize in Economic Sciences "for their empirical research on cause and effect in the macroeconomy."

Young adults may be bearing the brunt of a tough economy

"Unlike previous recessions, where you tend to just zoom up after the recession ends, what we had was a bad recession than no zoom up afterwards. It's been almost two years, and we have been growing -- just not much," Chris Phelan said in a Kare 11 TV interview.

President offers plan to build economy and reduce debt

Art Rolnick offers perspective on the condition of the state and national economy, and the key measures needed to improve the short term and long term outlook in an MPR interview.

Is Social Security A Ponzi Scheme?

Texas Gov. Rick Perry called social security a Ponzi scheme at Wednesday's GOP debate. "A Ponzi scheme, by definition, is not sustainable," said Tim Kehoe in a WCCO Good Question interview. "I think Social Security is sustainable."

How Minnesota might fare in a second recession

In an interview with MPR, Art Rolnick said the main economic indicators that give him confidence are the record profits enjoyed by large companies and the fact that some employers continue to slowly add jobs.

Limits to Fed policy

In the 70s and 80s economists Ed Prescott and Tom Sargent found that "monetary policy was somewhat potent perhaps in the short term, but not very potent in the long term," says V.V. Chari in a Business Week interview about Federal Reserve Bank of Minneapolis President Narayana Kocherlakota.

Dow Ripple Precedes Economic Tidal Wave

The recent massive sell-off is Wall Street's way of telling Washington that raising the debt ceiling will not be enough to address the growing debt problem, V.V. Chari says in a Fox 9 TV interview.

Local perspective on current state of the economy

Tim Kehoe talks to Kare 11 TV about the Dow's sixth-worst decline in the last 112 years.

How big a deal is U.S. credit rating downgrade?

In a Q&A with the Pioneer Press, V.V. Chari says the downgrade tends to have a limited effect for large banks and insurers in Minnesota, and that it's unlikely that institutions would start moving money after only one of the three major ratings agencies issued a downgrade.

Viewing Wall Street with a long perspective

"Markets go up. Markets go down. That is the nature of the stock market," says Chari in a Kare 11 TV interview. He suggests that investors should care about the "long run prospects" for the stock market, meaning over several years and not a few days or even a year or two.

Minnesota economists watch debt ceiling crisis closely

V.V. Chari and Art Rolnick discuss the debt ceiling on Kare 11 TV.

Would U.S. Debt Default Trickle Down to Minnesota?

Chris Phelan talks to Fox 9 TV about the potential effects for consumers if the U.S. debt ceiling is not raised.

The Factory Age Isn't Over

The number of factories in the United States employing more than 1,000 workers fell by one-third from 1997 to 2007, leaving 1,014 such factories. The New York Times reports on a new study by Tom Holmes that puts an interesting twist on this familiar narrative. It reports that most of those factories did not close, they simply employ fewer people.

Markets bet against debt default

If the government doesn't raise its debt ceiling so it can borrow more, the U.S. will default on loan payments for the first time in its history. One of the first signs that Wall Street thinks that won't happen will be increased premium rates for credit default swaps said V.V. Chari in a Star Tribune article.

Top Minnesota economists analyze impact of tax policy

Four Minnesota economists, including V.V. Chari, discuss the economic underpinnings of the debate over cutting budgets and raising taxes on MPR's Midday program.

Which economic factors should politicians pay attention to when making decisions about balancing the budget?

Four of the state's top economists, including V.V. Chari, discuss the short-term and long-term impact of tax increases and budget cuts on Minnesota's economy on MPR's Midday program.

Greece's debt and its effect on the global market

Chris Phelan was interviewed by Fox 9 TV about Greece, debt, and the value of the dollar.

Linking brain and billfold: Professors study intersection of economics, psychology

A pair of University of Minnesota professors, Aldo Rustichini and Bob Krueger, shared their thoughts on the intersection between psychology and economics before about 200 faculty members, students and alumni on May 4.

On debt limit, business lobby sides with Obama

Financial default is all but inevitable without an increase in the debt limit, V.V. Chari said in a Star Tribune article. "Default by the U.S. government would be catastrophic for the world economy."

What's the recipe for a healthy modern economy?

Christopher Phelan warned against looking at recent price spikes too narrowly. "Not all prices are going up," he said, pointing out that Minnesota real estate prices dropped significantly in the last 12 months.

Kocherlakota Says Central Banks May Have to Back Fiscal Debt

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said it may be "optimal" for central banks to back government debts in certain situations, without referring to the U.S.

Banks Probed in Libor Manipulation Case

Thomas Youle was quoted in a Wall Street Journal article on whether the London interbank offered rate properly reflects banks' borrowing costs.

Job growth steady, fragile in state, U.S.

V.V. Chari comments on economic recovery in Minnesota in a Star Tribune editorial.

Examining the economic forecast

Christopher Phelan explains economic recovery and strategies in a Fox 9 TV interview.

The Fed's stimulus plan

Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, talks to reporters from Bloomberg Businessweek, MPR, Reuters, and the Star Tribune after a speech at St. Cloud State University.

Unions vs. the Right to Work

Research by Tom Holmes that compared counties close to the border between states with and without right-to-work laws was cited in a Wall Street Journal article on labor unions and Wisconsin.

Putting a price on climate change

A new University of Minnesota institute opened Wednesday night with a debate on a hot topic: global warming. Two University alumni presented an economic approach to the climate change issue Wednesday night at the opening of a new College of Liberal Arts institute. -MNDaily

Addressing Climate Change: Economic Perspectives on Pricing Environmental Risk

Don't paint economists with broad political brush, Pioneer Press

Economics of climate change debate coming to U of M, MinnPost

Can economic measures affect climate change?

What are economists saying about how to control human impact on the environment? Ph.D. alumni Richard Sandor and Robert Litterman discuss economic, tax, and regulatory measures on MPR's Midday program.

Fed's Kocherlakota: US Not In Danger Of 'Runaway Inflation'

There are no signs the U.S. is in danger of facing "runaway inflation," Minneapolis Federal Reserve President Narayana Kocherlakota said Thursday at a policy forum at the University of Minnesota Thursday evening, reported by The Wall Street Journal.

Should the federal government invest in jumpstarting innovation?

In a Pioneer Press interview, V.V. Chari weighs in on Senator Amy Klobuchar's proposal that urges feds to jumpstart innovation.

Could the U.S. central bank go broke?

V.V. Chari explains in a Reuters interview that at some point during its exit from easy monetary policies, the Fed actually may go broke -- at least on paper.

Is Mexico China's Future?

The Wall Street Journal highlights Tim Kehoe and Kim Ruhl's (NYU) research paper that explores just how difficult it is for a country to leap from what the World Bank calls "middle income" status to the ranks of advanced nations.