Kyle Frederic Herkenhoff

Kyle Frederic Herkenhoff holds the prestigious Curtis L. Carlson Chair and serves as Associate Professor of Economics at the University of Minnesota. He also maintains a significant role as a Visiting Scholar at the Federal Reserve Bank of Minneapolis. His academic contributions span multiple institutions, including previous engagements with the Federal Reserve Bank of Minneapolis and participation in scholarly activities at the University of Cambridge.

Dr. Herkenhoff's research interests form a rich tapestry of economic inquiry, with primary focus on Macroeconomics, Empirical Macroeconomics, Consumer Finance, and Real Estate Economics. His work extends into labor market dynamics, credit constraints, monopsony power, and innovation economics. A unifying thread throughout his research is the examination of how market structures and policy interventions affect individual behavior, market outcomes, and aggregate economic performance.

His scholarly output reveals clear trends toward increasingly sophisticated modeling of labor market power, credit constraints, and their macroeconomic implications. Recent work demonstrates growing attention to distributional consequences of market structures and policy interventions, with particular emphasis on how low-income households are affected by changes in credit availability, labor market concentration, and unemployment insurance design. His methodological approach combines rigorous theoretical modeling with innovative empirical strategies that leverage large-scale administrative datasets.

• UCLA Welton Prize, Best Paper in Macroeconomics (2013-2014)

Dr. Herkenhoff's advising and research activities reflect a commitment to addressing pressing economic policy questions through rigorous empirical and theoretical work. His collaborations span numerous co-authors across different institutions, indicating strong engagement with the broader economics research community. His work has been supported by various research initiatives including the National Bureau of Economic Research and the Federal Reserve system. Dr. Herkenhoff's contributions to policy discussions are evident through his participation in workshops with the Department of Justice and Federal Trade Commission regarding merger guidelines from a labor market perspective.