HEATHCOTE NAMED A FELLOW OF THE ECONOMETRIC SOCIETY

The following information was released by the Federal Reserve Bank of Minneapolis:

Monetary Advisor Jonathan Heathcote has been elected a fellow of the Econometric Society, a prestigious international society for the advancement of economic theory in its relation to statistics and mathematics.

Heathcotes research interests include international macroeconomics and finance. He has published widely cited research on topics including labor markets, optimal taxation, inequality, and asset valuations. Heathcotes articles have appeared in the American Economic Review, the Journal of Political Economy, the Quarterly Journal of Economics, and The Review of Economic Studies. He is currently an editor of the Journal of Public Economics.

The Econometric Society elects new fellows each year, and 10 fellows are current Federal Reserve System economists. Heathcote joins Minneapolis Fed colleagues Patrick Kehoe, Juan Pablo Nicolini, Manuel Amador, Cristina Arellano, and Fabrizio Perri.

The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nations central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.