By pairing economics with a major in global studies and extracurriculars, senior Riley Runnoe graduated this May with the knowledge, skills, and experience to pursue his passion for development economics.

“The University of Minnesota Department of Economics' combination of mathematical rigor and boldness of unconventional thinking has provided not only me, but countless other students with a training that is uniquely Minnesota-economics. It surely has changed my life.”

A new working paper by Fatih Guvenen and co-authors investigates how shifting profits overseas is impacting U.S. productivity measures. "The current international accounting system allows a lot of flexibility — you might say too much flexibility — which allows companies to shift their profits to low-tax jurisdictions," said Fatih Guvenen of the research.

The University of Minnesota was recently ranked 15th in the world in the fields of business and economics by Times Higher Education

A new study by Fatih Guvenen and co-authors looks at how individuals’ incomes change depending on the fluctuations of the economy.

“Informed analysis suggests you should be skeptical of any claim this will lead corporations to end up hiring a lot of American workers and paying them well,” V.V. Chari says. As it is, he explains, big companies can essentially borrow against their offshore holdings if they want to make big domestic investments, without returning a single dollar stateside in the short run.

More than twenty years after the establishment of NAFTA, the Trump Administration is threatening to scrap or, at a minimum, renegotiate the agreement. Professor Tim Kehoe moderated a panel featuring three of NAFTA’s lead architects from Canada, Mexico, and the U.S.

When a monetary union is established, a classic question arises: How should the fiscal policies of member countries be coordinated? A new report from Patrick Kehoe and Elena Pastorino discusses their findings.

"Minnesota farmers produce a big part of products, especially soy beans, corn and wheat that goes to Mexico," said Tim Kehoe. "The kind of rhetoric we’ve seen in the last week, Mexicans are already starting to look around for other suppliers. If they don’t think of us a trustworthy or dependable trade partner, they’re going to start looking to countries like Brazil for those products."