News and Announcements
Cultural stereotypes of multinational banks: A new column co-authored by George C. Pardee and Helen N. Pardee Professor of Economics and Political Science Barry Eichengreen uses hand-collected data on banks’ investments in European sovereign debt to show that trust importantly influences cross-border investment. Read more
Congratulations to Quantedge Presidential Professor Yuriy Gorodnichenko, winner of the R. K. Cho Economics Prize. One of the most prestigious awards to economists, the It has been awarded to scholars in the field of economics who have contributed to the development of scholarship and education. Prof. Gorodnichenko gave a commemorative lecture titled "The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications," explaining the fully informed and rational expectation hypothesis commonly accepted in macroeconomics and introducing a study on consumer and business expectation inflation to verify it empirically. Read more
Tune in to listen to the Matrix Podcast, featuring an interview with Adriana D. Kugler Ph.D. '97, the World Bank Group Executive Director for the United States. Dr. Kugler was appointed by President Biden and confirmed by the Senate in May 2022. She is the first Latinx person and first Jewish woman to be appointed to this position since the foundation of the World Bank in 1944. The interview was conducted by Danny Yagan, Associate Professor of Economics at UC Berkeley, who is on leave as Chief Economist of the Office of Management and Budget. Read more
"Rethinking Capital and Wealth Taxation," a new paper by UC Berkeley's Stone Center directors Emmanuel Saez and Gabriel Zucman, as well as Thomas Piketty, reviews recent developments in the theory and practice of optimal capital taxation, recommending progressive inheritance tax, in addition to progressive income and wealth taxes. Read more
“There often aren’t enough data points in the macro data to make convincing arguments about causality. Looking at micro data is a natural way to expand the dataset.” Internatioal Monetary Fund News interviews Emi Nakamura, Chancellor's Professor of Economics, who delves into details to answer big questions. Read more
Research and Teaching
A new article by by Ellora Derenoncourt, Claire Montialoux, published in the The Quarterly Journal of Economics, February 202. Minimum Wages and Racial Inequality. The earnings difference between white and black workers fell dramatically in the United States in the late 1960s and early 1970s. This article shows that the expansion of the minimum wage played a critical role in this decline. Read more
New paper by Kimberly Clausing, Emmanuel Saez, and Gabriel Zucman: Ending corporate tax avoidance and tax competition: a plan to collect the tax deficit of multinationals. Read the paper
A new paper by Isabel Z. Martinez, Emmanuel Saez, and Michael Siegenthaler estimates intertemporal labor supply responses to two-year long income tax holidays staggered across Swiss cantons. Read more
Through analysis of the Band for International Settlements (BIS) Annual Economic Reports, Professor Barry Eichengreen traces the BIS’s views on exchange rates, capital flows and financial cycles in a new book. Read more
An innovative experiment in rural India targeted alleviating financial stress on short-term workers and fascinatingly, found a substantial increase in productivity for workers who have their financial strain eased by receiving part of their salary mid-way through their contract. By Berkeley Economics Professor Supreet Kaur. Read more
We're proud to share that Berkeley Economics professors Emi Nakamura and Chris Shannon were elected to join The American Academy of Arts and Sciences, which recognizes the outstanding achievements of individuals in academia, the arts, business, government,and public affairs. Congratulations! To learn more about their work and of all UC Berkeley faculty members elected, read more.
FEATURED ARTICLE
"Each day in the classroom, we encounter remarkably bright and hard-working students who exhibit a real compass for thinking about how their education will enable them to have a social impact." Read the year-end message from former Chief Economist and Development Chair at Berkeley Economics, Professor Danny Yagan. Read more
