Entian Zhang

Economist at @IMFNews. @UMNews Economics PhD. Trade and macroeconomics. @GopherHockey fan and Cat Lover.

[Entian Zhang @EntianZ]

@economoser @socampdi @JohnsHopkins @Francesco_Bia Congratulations Chris!

[Entian Zhang @EntianZ]

@FabioGhironi @DrewVanDrese That’s fair, Fabio. I wish I could walk out of 2023 Minnesota loss to Quinnipiac. It’s still haunting me so bad.

[Entian Zhang @EntianZ]

@julipuligamboa is on the job market this year — an absolute standout! Already has an R&R at JIE, and her JMP delivers fresh evidence + a sharp model on when sovereign borrowing boosts (or hurts) welfare. A rising star!🌟🌟🌟

[Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @TimTkehoe]

Should IMF limit foreign borrowing by governments of developing nations?

@UMN_Econ JMC Juliana Gamboa-Arbelaez @julipuligamboa argues any such restrictions need to depend on conditions in the country and how the government spends borrowed funds.

https://t.co/iVJ85CphNF

[Entian Zhang @EntianZ]

🚨 #EconJobMarket Alert!
Carlos isn’t just productive—he’s a research machine: 7+ papers before graduating. Sharp ideas, rigorous execution, and an amazing colleague. If you want brilliance and teamwork, talk to Carlos! 🌟

[Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @TimTkehoe]

How do global value chains evolve over time?

@UMN_Econ JMC Carlos Bolivar analyzes how firms change intermediate input suppliers in 43-country, 56-industry world trade model with changing transportation costs and stochastic country-industry productivity.

https://t.co/ofdxWJGBo6

[Entian Zhang @EntianZ]

@scott_sommers56 We used to watch @GopherHockey games together—especially the 2023 Big Ten Final vs. Michigan. We were losing our minds the whole game. 🏒🔥

Scott is thoughtful, supportive, and just genuinely good to be around. It'd be lucky to have someone with both his talent and character!

[Entian Zhang @EntianZ]

🚨 Job Market Highlight!
My friend @scott_sommers56 is on the econ job market this year, and his JMP tackles an increasingly urgent issue: how climate risk amplifies land misallocation in developing economies. 🌾🔥

[Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @TimTkehoe]

Why is agricultural productivity in India so low?

@UMN_Econ JMC Scott Sommers @scott_sommers56 argues weather shocks magnify land market restrictions as source of misallocation in agriculture. He uses micro data to build model of heterogeneous farmers.

https://t.co/GPr4FM1oJl

[Entian Zhang @EntianZ]

@scott_sommers56 9/
If your department works on development, climate, or institutions, Scott is someone you’ll want to talk to. Feel free to reach out to him or let me know if you'd like an intro!
🙌 End of thread.

[Entian Zhang @EntianZ]

@scott_sommers56 8/
This paper beautifully connects development, agricultural economics, climate risk, and misallocation—with clear policy implications for countries facing rising weather variability.

[Entian Zhang @EntianZ]

@mtbalestrini (4/4) This work offers new insights into sovereign default, negotiation regimes, and the role of international institutions in debt markets. Highly recommended for anyone interested in sovereign debt, macroeconomics, or international finance!

[Entian Zhang @EntianZ]

🚨 Job Market Highlight 🚨
(1/4) Excited to spotlight my friend @mtbalestrini , who’s on the job market this year! Her job market paper tackles a crucial issue: how sovereign debt restructurings are resolved, especially under IMF programs.

[Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @TimTkehoe]

How does IMF intervention after sovereign default help debtor country?

@UMN_Econ JMC Teresa Balestrini @mtbalestrini evaluates differences post default for countries that restructure within IMF program versus those that directly negotiate with creditors.

https://t.co/tuDcjB22Pv

[Entian Zhang @EntianZ]

@mtbalestrini (3/4) Her model features sovereign default with endogenous debt maturity and two negotiation regimes and shows that IMF conditionality helps governments commit to fiscal adjustment, resulting in longer debt maturities and higher long-bond prices after restructuring.

[Entian Zhang @EntianZ]

@mtbalestrini (2/4) 🔎 Teresa constructs a novel dataset classifying restructuring episodes by negotiation type. She finds that restructurings under IMF programs lead to:
a. Larger maturity extensions
b. Higher haircuts
c. Faster return to international credit markets