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Jonathan Heathcote

Monetary Advisor


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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 Minneapolis Fed Work

Optimal Progressivity with Age-Dependent Taxation
February 2019 - Staff Report

College Tuition and Income Inequality
July 2018 - Staff Report

Wealth and Volatility
September 2017 - Staff Report
Published In: Review of Economic Studies (Vol. 85, No. 4, October 2018, pp. 2173-2213)

Optimal Income Taxation: Mirrlees Meets Ramsey
January 2017 - System Working Paper

Optimal Tax Progressivity: An Analytical Framework
December 2016 - Staff Report

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Federal Reserve Bank of Minneapolis
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Minneapolis, MN 55401