Kyle Frederic Herkenhoff

Kyle Frederic Herkenhoff is the Curtis L. Carlson Chair and Associate Professor of Economics at the University of Minnesota's Carlson School of Management. He also holds significant positions as a Senior Economist at the Federal Reserve Bank of Minneapolis and a Visiting Scholar at the Federal Reserve Bank of Philadelphia's Consumer Finance Institute. Herkenhoff is affiliated with the Markets Network of the Human Capital and Economic Opportunity (HCEO) Global Working Group and serves as a Research Fellow at the Institute for the Study of Labor (IZA).

Herkenhoff's research spans multiple interconnected domains within economics, with particular expertise in macroeconomics, empirical macroeconomics, consumer finance, and real estate economics. His work frequently examines labor market dynamics, credit constraints, and market power structures. A recurring theme across his publications is the examination of how financial markets interact with labor markets to affect economic outcomes. His research employs sophisticated empirical methods including structural modeling, natural experiments, and analysis of large administrative datasets to uncover causal relationships in complex economic systems.

The trends in Herkenhoff's recent publications reveal an evolving research agenda that increasingly focuses on labor market power, credit constraints, and their macroeconomic implications. His work bridges microeconomic foundations with macroeconomic outcomes, often developing novel theoretical frameworks that are then rigorously tested against empirical evidence. A notable pattern is his examination of how institutional features of markets—such as foreclosure regulations, credit card industry structures, and unemployment insurance systems—affect individual behavior and aggregate economic performance. His research demonstrates strong methodological diversity, incorporating techniques from labor economics, industrial organization, and macroeconomics to address pressing economic questions.

• National Science Foundation Award
• UCLA Welton Prize, Best Paper in Macroeconomics (2013-2014)

Herkenhoff's work has attracted significant research funding, particularly through his positions at the Federal Reserve Banks and connections with major research networks like HCEO. His publications in top journals including Econometrica, American Economic Review, Journal of Political Economy, and Review of Economic Studies reflect the high impact of his research. Through his roles at the University of Minnesota and Federal Reserve Banks, Herkenhoff bridges academic research with policy-relevant analysis, contributing to both theoretical advancements and practical policy discussions. His collaborations with researchers across institutions demonstrate an extensive professional network that spans academic and policy institutions.