Staff Details

Photo of Jonathan Heathcote

Jonathan Heathcote

Monetary Advisor


Download CV (pdf)



Jonathan Heathcote is a monetary advisor in the Research Department of the Federal Reserve Bank of Minneapolis. Between 2006 and 2008 he was an economist in the International Finance Division of the Federal Reserve Board of Governors. From 2002 to 2008 he was an assistant and then associate professor at Georgetown University. Jonathan has also taught at the Stockholm School of Economics and Duke University, and the Stern School of Business, New York University. Jonathan received a B.A. in philosophy, politics, and economics from Keble College, Oxford University, in 1993, and his Ph.D. in economics from the University of Pennsylvania in 1998.

His work has appeared in several prestigious publications, including the American Economic Review, the Journal of Political Economy, and the Review of Economic Studies. He is currently an editor of the Review of Economic Dynamics.

Recent Work/Updates

On the Desirability of Capital Controls
January 2016 - Staff Report
Published In: IMF Economic Review (Vol. 64, No. 1, May 2016, pp. 75-102)

Wealth and Volatility
July 2015 - Staff Report

Optimal Income Taxation: Mirrlees Meets Ramsey
January 2015 - Staff Report

Intergenerational Redistribution in the Great Recession
May 2014 - Staff Report

Optimal Tax Progressivity: An Analytical Framework
February 2014 - Staff Report

View all for Jonathan Heathcote...





Federal Reserve Bank of Minneapolis
90 Hennepin Avenue
Minneapolis, MN 55401