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That’s the title of my presentation on the 2025 Minnesota Financial Affiliation annual assembly, the place I had the honour of talking on the Leonid Hurwicz Lecture. It was a incredible alternative to share my ideas and in responding to considerate questions, broaden my views. The occasion occurred at St. Catherine College yesterday.
Right here’s one image:
Determine 1: Inbound FDI, mn Ch.2017$ (blue, left scale), Commerce Coverage Uncertainty (teal, proper scale). Trump administration durations shaded gentle orange. NBER outlined peak-to-trough recession dates shaded grey. Supply: OECD, BEA, matteoiacoviello.com, NBER, and writer’s calculations.
I mentioned commerce protectionism, coverage uncertainty, restrictions on immigration, decreased overseas direct funding, and the menace to greenback dominance (slides right here).
Through the Financial Knowledge Roundtable, Dr. Abigail Wozniak (Minneapolis Fed), Angelina Trâm Nguyễn (Minnesota DEED), and Dr. Aaron Sojourner (Upjohn Institute) spoke on points regarding how the gathering and improvement of labor market information critically helps policymaking, with emphasis on the indispensable nature of presidency information compilation.
Many due to Kristine West and Louis Johnston and the opposite officers of the MEA for the chance!
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