Thomas Sargent Professor of Economics at the University of Minnesota and consultant at the Minneapolis Fed. Views are my own. RT ≠ E. Web page: https://users.nber.org/~denardim/https://bsky.app/profile/mdenardi.bsky.socialhttps://bsky.app/profile/mdenardi.bsky.social/post/3mivvbmnpv223How much of measured earnings risk is really individual-level productivity risk, and how much reflects sorting, job transitions, and heterogeneity? We show that subjective expectations data help separate these forces. [contains quote post or other embedded content]07 Apr 2026 13:32 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3mivvbmnpv223https://bsky.app/profile/mdenardi.bsky.social/post/3m7krmopa5k2nVenetian-style tramezzini09 Dec 2025 14:40 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3m7krmopa5k2nhttps://bsky.app/profile/mdenardi.bsky.social/post/3m7auebry6s2qGeneral equilibrium behind the window. Strategic interaction on the windowsill. The chickens are the recurring protagonists of my Intermediate Micro class. The Grinch dropped by for yesterday’s lecture.05 Dec 2025 16:03 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3m7auebry6s2qhttps://bsky.app/profile/mdenardi.bsky.social/post/3m75yw4zxxk2vMorning photo from my office at the University of Minnesota this morning. Outside temperature -22 degrees Celsius. Time: 6:35 am.04 Dec 2025 12:46 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3m75yw4zxxk2vhttps://bsky.app/profile/mdenardi.bsky.social/post/3m6kkfrwu522sPlease submit to this conference to help make it a great one! I will be there, together with Stéphane Bonhomme and Michèle Tertilt. 19th Annual Meeting of the Portuguese Economic Journal - Aveiro, 3-5 July 2026 Deadline: 15 March 2026 Website: lnkd.in/d6Dmdfx726 Nov 2025 19:06 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3m6kkfrwu522shttps://bsky.app/profile/mdenardi.bsky.social/post/3m4lzjwuzqs27I have a truly fantastic Econ PhD job market candidate on the market this year: Francisco Bullano is a macroeconomist whose research bridges public economics and health. His Web page: franciscobullano.com Please look at his job market package very closely. https://franciscobullano.com01 Nov 2025 22:19 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3m4lzjwuzqs27https://bsky.app/profile/mdenardi.bsky.social/post/3ltmfjfmpzc2yCall for papers10 Jul 2025 13:07 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3ltmfjfmpzc2yhttps://bsky.app/profile/mdenardi.bsky.social/post/3lt32aace3223I am grateful to Ed for his mentorship and to SAET for inviting me to give this lecture.03 Jul 2025 15:29 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3lt32aace3223https://bsky.app/profile/mdenardi.bsky.social/post/3lqywssd7ts2tThank you, Christian — to both you and Jerome Adda — for a fantastic conference and the honor of being a plenary speaker alongside Joseph Hotz. The event was both productive and enjoyable, and your Berlin initiative is truly inspiring! [contains quote post or other embedded content]07 Jun 2025 08:32 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3lqywssd7ts2thttps://bsky.app/profile/mdenardi.bsky.social/post/3lqjjh37c3s2uI learned a lot from this conference and it was fun too! [contains quote post or other embedded content]01 Jun 2025 05:23 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3lqjjh37c3s2uhttps://bsky.app/profile/mdenardi.bsky.social/post/3lkwgapuins2cWhat a great visit and seminar feedback! Thank you very much for inviting me! [contains quote post or other embedded content]22 Mar 2025 00:00 +0000at://did:plc:gn6bucmkzapakb22ubadkmda/app.bsky.feed.post/3lkwgapuins2c