Loukas Karabarbounis

Contact Me


Room 4-101 HMH
1925 S 4th St 7031A


Loukas Karabarbounis is a Professor of Economics at the University of Minnesota , a Senior Research Economist at the Federal Reserve Bank of Minneapolis, a Faculty Research Fellow at the National Bureau of Economic Research, and an Associate Editor at the Journal of Monetary Economics. Prior to joining the University of Minnesota, he was an Associate Professor of Economics at the University of Chicago Booth School of Business. His research interests are in macroeconomics, labor economics, and international finance. His latest research has focused on topics such as the global decline in the labor's share of income, productivity and capital flows in southern Europe, and the effects of unemployment insurance policy on macroeconomic outcomes. He is the recipient of a 2016 Sloan Research Fellowship awarded by the Alfred P. Sloan Foundation. He earned a Ph.D. in Economics from Harvard University in 2010. Prior to Harvard, he studied at the Athens University of Economics and Business.

Educational Background & Specialties

Educational Background

  • B.A.: Economics, Athens University of Economics and Business, 2003.
  • M.Sc.: Economics, Athens University of Economics and Business, 2005.
  • A.M.: Economics, Harvard University, 2008.
  • Ph.D.: Economics, Harvard University, 2010.


  • macroeconomics
  • labor economics
  • international finance
Courses Taught
  • Economics 8185: Advanced Macroeconomics
  • Economics 8501: Wages and Employment
Research & Professional Activities

Professional Activities

  • Professor: Department of Economics , 2020 - present
  • Associate Professor: Department of Economics , 2016 - 2020


  • Co-Director: Minnesota Big Data Institute, August 2019 - present
  • Visiting Scholar: Federal Reserve Bank of Philadelphia, 2019 - present
  • Fellow: Centre for Economic Policy Research, 2018 - present
  • Research Associate, National Bureau of Economic Research: 2017 - present
  • Consultant, Federal Reserve Bank of Minneapolis: 2016 - present
  • Faculty Research Fellow: National Bureau of Economic Research, 2012 - 2017


  • Coordinating Editor: Review of Economic Dynamics, 2020 - present
  • Member, Board of Editors: American Economic Review, 2017 - present
  • Associate Editor: Journal of Monetary Economics, January 2016 - June 2020
  • Associate Editor: Econometrica,
  • Labor Market Trends and the Changing Value of Time. Karabarbounis, Loukas, Job Boerma, Co-Author, June 2020.
  • The Macro Effects of Unemployment Benefit Extensions: A Measurement Error Approach: Karabarbounis, Loukas, Gabriel Chodorow-Reich, John Coglianese, The Quarterly Journal of Economics, 134:1 227–279, February 2019.
  • Capital Allocation and Productivity in Southern Europe: Karabarbounis, Loukas, Gita Gopinath, Sebnem Kalemli-Ozcan, Carolina Villegas-Sanchez, Quarterly Journal of Economics, November 2017.
  • The Global Rise of Corporate Saving: Karabarbounis, Loukas, Peter Chen, Brent Neiman, Journal of Monetary Economics, 89 1-19, August 2017.
  • The Cyclicality of the Opportunity Cost of Employment: Karabarbounis, Loukas, Gabriel Chodorow-Reich, Journal of Political Economy, 124(6) 1563-1618, December 2016.
  • Home Production, Labor Wedges, and International Business Cycles: Karabarbounis, Loukas, Journal of Monetary Economics, 64 68-84, May 2014.
  • The Labor Wedge: MRS vs. MPN: Karabarbounis, Loukas, Review of Economic Dynamics, 17(2) 206-223, April 2014.
  • The Global Decline of Labor Share: Karabarbounis, Loukas, Brent Neiman, Quarterly Journal of Economics, 129(1) 61-103, February 2014.
  • CEPR-PEDL Major Research Grant (with Munseob Lee and Claudia Macaluso), 2019 - 2021
  • Bodossaki Distinguished Young Scientist Award for Social Sciences., 2019
  • Alfred P. Sloan Fellowship in Economics, 2016 - 2018
  • Becker Friedman Institute Grant, University of Chicago, 2015 - 2016
  • Excellence Award in Global Economic Affairs, Kiel Institute for the World Economy, 2014