Notre Dame Economics

The Local Origins of Business Formation: Entry as a Two-Stage Process Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

New @nber.org working paper from our emeritus colleague Tim Dunne, "The Local Origins of Business Formation: Entry as a Two-Stage Process" (with Dinlersoz, Haltiwanger, and Penciakova). Check it out: www.nber.org/papers/w34881

Migration, Specialization, and Trade: Evidence from Brazil’s March to the West | Journal of Political Economy: Vol 133, No 12 We study how migration shapes aggregate and regional comparative advantage, exploiting a large migration of farmers to Brazil’s West between 1950 and 2010. Migration allowed workers to sort according ...

Last, but not least, "Migration, Specialization, and Trade: Evidence from Brazil’s March to the West" from our colleague Heitor Pellegrina (with Sebastian Sotelo), published in the Journal of Political Economy,
@jpolecon.bsky.social www.journals.uchicago.edu/doi/10.1086/...

A Q-Theory of Banks Abstract. Bank capital requirements are based on book values, which are slow to reflect losses. In this article, we develop a dynamic model of banks to stu

Next, "A Q Theory of Banks," from our own Jeremy Majerovitz (with Begenau, Biggio, and Vieyra), also published in @reveconstudies.bsky.social academic.oup.com/restud/artic...

Global Value Chains and Trade Policy Abstract. How do global value chain (GVC) linkages modify countries’ incentives to impose import protection? Are these linkages important determinants of t

Next, "Global Value Chains and Trade Policy," from our colleague Rob Johnson (with Emily Blanchard and Chad Brown), published in the Review of Economic Studies,
@reveconstudies.bsky.social academic.oup.com/restud/artic...

Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic* Abstract. In this article, we establish a causal connection between two of the most salient social developments in the United States over the past decades:

First up, "Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic" from Victoria Barone, with Carolina Arteaga, published in the Quarterly Journal of Economics @qjeharvard.bsky.social academic.oup.com/qje/article/...

We have completed a periodic update of our "Recent Faculty Publications" wall. This cycle, we are highlighting four papers from Victoria Barone, Robert Johnson, Jeremy Majerovitz, and Heitor Pellegrina

In today’s PSID Seminar Series, Dan Hungerman presents findings using @umpsid.bsky.social philanthropy data on the effects of the Tax Cuts and Job Act on Charitable Giving.
@ndecon.bsky.social

Pizza, Pop and Politics: What Should Voters Know About Tariffs and Trade? Robert C. Johnson, the Brian and Jeannelle Brady Associate Professor of Economics at the University of Notre Dame, will speak at Pizza, Pop and Politics...

Our colleague Rob Johnson will be giving a talk, "What Should Voters Know About Tariffs and Trade?" on March 3 (6-7 pm) as part of the "Pizza, Pop, and Politics" series sponsored by the Klau Institute and NDVotes
klau.nd.edu/news-events/...

​​Strengthening Families Research Initiative | February 2026 Newsletter Hands holding paper cut out of a family. Strengthening Families Research Initiative logo is overlaid Dear Friends, I'm pleased to share this first newsletter from the Strengthening Families Research I...

Check out the inaugural newsletter from our Strengthening Families Research Initiative, led by our colleague Melissa Kearney.

t.e2ma.net/webview/re67...

ND Values at work: Gracie Gallagher News, information and events for University of Notre Dame faculty, staff and their families. This is your Notre Dame.

Great piece on Gracie Gallagher, who is a 2016 @notredame.bsky.social grad with a BA in Economics! She is currently a senior associate athletic director here at Notre Dame. Check it out:

ndworks.nd.edu/news/catholi...

Economists reject Kevin Warsh’s claim that AI boom will enable rate cuts FT-Booth Survey shows scepticism of productivity gains forecast by Trump’s pick as next Fed chair

Our colleague Jane Ryngaert is quoted in this recent Financial Times @financialtimes.com article.

www.ft.com/content/9271...

Raising the Stakes: Physician Facility Investments and Provider Agency (February 2026) - Principal-agent problems often extend beyond what can be directly addressed through conventional incentive arrangements. We examine a context where physicians are likely under-incent...

Out in the most recent edition of the American Economic Review @aeajournals.bsky.social, "Raising the Stakes: Physician Facility Investments and Provider Agency," from our former PhD student Beth Munnich and coauthors. Check it out: www.aeaweb.org/articles?id=...

A few of our colleagues checking out the now-famous St. Olaf's Ice Chapel on on North Quad. @notredame.bsky.social @kaseybuckles.bsky.social

How do Foundations Help Charities (Beyond Giving them Money)? Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

Our colleague Dan Hungerman has a new @nber.org working paper (with Harrison and Li), "How do Foundations Help Charities (Beyond Giving them Money)?" Check it out: www.nber.org/papers/w34773

Notre Dame professor explains the importance of a Federal Reserve chair YouTube video by WNDU 16 News Now

Our colleague Jeff Campbell recently appeared on WNDU (South Bend's NBC affiliate) to discuss the recent appointment of Kevin Warsh to head the Federal Reserve. Watch here: www.youtube.com/watch?app=de...

Monetary Economics Program Meeting, Spring 2026

Our colleague Christian Matthes @cmatthes.bsky.social, has a paper on the program for the March 2026 @nber.org Monetary Economics program meeting. The paper is "Estimating the Missing Intercept" (joint with Nagasaka and Schwartzman).

www.nber.org/conferences/...

The Twenty-four Hour Economy or Rolled-up Sidewalks: Trends in Work Timing and Their Causes Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

New @nber.org pubs working paper from our colleague Jeff Biddle (joint with Dan Hamermesh), "The Twenty-four Hour Economy or Rolled-up Sidewalks: Trends in Work Timing and Their Causes." Have a look: www.nber.org/papers/w34732

We are proud to support our
@artslettersnd.bsky.social students majoring in Economics who are participating in this year's Bengal Bouts:

Global Value Chains and Trade Policy Abstract. How do global value chain (GVC) linkages modify countries’ incentives to impose import protection? Are these linkages important determinants of t

Published in the January 2026 volume of the Review of Economic Studies @reveconstudies.bsky.social, "Global Value Chains and Trade Policy," from our colleague Rob Johnson (along with Blanchard and Brown).

academic.oup.com/restud/artic...

Effective Protection with Global Value Chains Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

New @nber.org pubs working paper from our colleague Robert Johnson and graduate student Mitchell Boice (plus Emily Blanchard), "Effective Protection with Global Value Chains." Check it out: www.nber.org/papers/w34670

Our colleague Melissa Kearney just gave a "Recent Developments" lecture at the ASSA meeting @assameeting.bsky.social, "Recent Developments in the Economics of Fertility in High-Income Countries." @aeainformation.bsky.social. Have a listen: www.aeaweb.org/webcasts/202...

New working paper from our colleague Christian Matthes (with Jonathan Adams), "How Ricardian Are We?" Short answer: not much! @cmatthes.bsky.social jonathanjadams.com/files/How%20...

Bill's comments draw on his work published in the American Journal of Public Health, joint work with our former colleague Sarah Kroeger and two former
@notredame.bsky.social undergrads (Cary Palmer and Emily Pohl).

Trump Says ‘Housing First’ Failed the Homeless. Here’s What the Evidence Says.

Our colleague Bill Evans was quoted in this recent New York Times @nytimes.com article on housing and homelessness: www.nytimes.com/2025/12/25/u...

Alexandre Lamfalussy Senior Research Fellowship The Bank for International Settlements invites applications from leading senior professionals in academia, central banks and research institutions for the Alexandre Lamfalussy Senior Research Fellowsh...

Our colleague Christiane Baumeister has been awarded the Alexandre Lamfalussy Senior Research Fellowship at the Bank for International Settlements for 2026. Congratulations, Christiane! www.bis.org/research/lam...

Merry Christmas and Happy New Year from Notre Dame.

Hot off the presses in the December edition of the Journal of Political Economy @jpolecon.bsky.social, "Migration, Specialization, and Trade: Evidence from Brazil’s March to the West" from our own Heitor Pellegrina, coauthored with Sebastian Sotelo. www.journals.uchicago.edu/doi/full/10....

We had a great time on Saturday at our annual Christmas party with faculty, staff, graduate students, and significant others. Photos below: