Simon Mongey
@Simon_Mongey
Senior Research Economist at Minneapolis Fed. Views here are my own, not those of the Fed.
For interested students, we spent quite a bit of time on the replication package. It isn't available on the AEA website yet but is available on mine and includes tex files for the paper and appendix, in addition to all code.
Forthcoming in the AER: "Labor Market Power" by David Berger, Kyle Herkenhoff, and Simon Mongey. aeaweb.org/articles?id=10…
Why have the #tariff impacts been delayed? the take from @MinneapolisFed minneapolisfed.org/article/2025/t…
When Trump announced sweeping tariffs in April, economists warned prices would jump and a recession was likely. Neither has happened -- yet. My latest story looks into why tariffs haven't hit the economic data yet, and why it's still too soon to conclude they won't.
Awesome to see the development of this approach to labor markets in new and interesting contexts!
Forthcoming in the AER: "Labor Market Power, Self-Employment, and Development" by Francesco Amodio, Pamela Medina, and Monica Morlacco. aeaweb.org/articles?id=10…
Ownership of #Treasuries has shifted from price-insensitive investors to price-sensitive investors, putting upward pressure on yields. 🔗: bit.ly/44iVsfG #EconTwitter #Finance
Excited to be heading to the NBER EFG to present Pricing Inequality. If you can't make it and are interested, then the slides are here: simonmongey.com/uploads/6/5/6/…. We now more closely apply our results to understanding the massive run up in prices relative to wages in 2021-2022
a lot going on: 1) big clean up of my github repo. now clean datasets (cross-country tariff and daily tariff) that other users can grab and use github.com/tradewartracke… and I'll keep the url fixed
The main thesis in @AnnieLowrey 's @TheAtlantic article is consistent with our paper Pricing Inequality (with @tradewartracker), which links household balance sheets over the pandemic, to lower price sensitivity of households and how firms' prices respond. Exciting stuff!
🚨🚨 APRIL trade data up on the site 🚨🚨 this is a first look at the effects of the liberation day #tariffs here are a couple of quick graphs - covid-style collapse in #imports from #china with the average tariff paid being just under 40 percent
Great team! Great workshop! Looking forward to another great 2 days of macro in Barcelona!
Exciting lineup for the #bsesummerforum workshop "Macro Fluctuations with Micro Frictions" on June 19-20 Co-organized with the best team: @jan_eeckhout @Simon_Mongey @jandres_blanco @bse_barcelona More info on our and other workshops here: bse.eu/summer-forum/
Come to Sydney in December for the 2nd Annual e61 / UNSW Micro 4 Macro Workshop. Deadline: 31 July. Last year's workshop was a great success, with excellent papers and discussion. Another great macro conference on the calendar!
📢 Call for Papers! Join the Micro 4 Macro Workshop 2025 in Sydney (15–16 Dec) hosted by @e61_institute & @UNSW. Submit your paper by 31 July to [email protected]. Topics: micro heterogeneity & macro outcomes. Travel support for presenters. Details: e61.in/events/m4m-mic…
Insightful piece by @Simon_Mongey which highlights the common denominator between my paper with Bagga, Mann, and Sahin, "Job Amenity Shocks and Labor Reallocation" and the paper by Afrouzi, Blanco, Drenik, and Hurst, "A Theory of How Workers Keep Up with Inflation", summarized…
1/2: "Hot" or not? Learning the right lessons from the labor market after COVID. Short piece in which I try to stitch together messages from two great papers, and some small Q&A with some of their authors, Erik Hurst, and @glviolante [minneapolisfed.org/article/2025/h…]
Governor Waller and I have similar views: I say this all the time when talking about the policy impact of the Minneapolis Fed
this is good @MinneapolisFed
This is a very good and accessible speech. Thank you Governor Waller. federalreserve.gov/newsevents/spe…
Why did post-pandemic inflation, prices & profits remain high even as supply constraints eased? @Simon_Mongey & @tradewartracker believe one answer lies in changes in price sensitivity, especially by low-income households. Get briefed on new research bit.ly/4iAqBPv
With @JeffHorwich, I wrote up a short piece on Pricing Inequality (with Mike Waugh @tradewartracker). Its a more digestible overview of how our paper links changes in household balance sheets following fiscal stimulus to inflation via changes in markups. minneapolisfed.org/article/2025/r…
Studying the forces driving polarization and higher wage inequality since 1980, from Andrés Erosa, @Luisa_Fuster, @gkambourov, and Richard Rogerson nber.org/papers/w33687
Handy reference for where cars are produced: caranddriver.com/news/a64308066…. For those particularly interested in the two AWD minivans available you'd be interested to note that the Toyota Sienna is assembled in the US, but the Chevy Pacifica is assembled in Canada.
Deep learning (DL) is proving remarkably effective at solving dynamic models in economics: 📄 nber.org/papers/w33117 Curiously, DL often yields stable solutions without explicitly imposing boundary conditions (e.g., transversality). Why does this work? A short thread 🧵👇 1/7