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Described as being possibly President-Elect Joe Biden's "most important pick", Professor Emeritus Janet Yellen is slated to become the first female treasury secretary. Berkeley Economics congratulates Professor Yellen on this prestigious nomination. Read more
In a new study co-authored by Berkeley Economics Professor Yuriy Gorodnichenko, a large-scale representative survey of households examined how the provision of information about political polls influences households’ beliefs about the outcome of the coming elections and their predictions about the future macroeconomic trajectory. Read more
To Reduce Racial Inequality, Raise the Minimum Wage: In a New York Times Op-Ed, Professors Ellora Derenoncourt and Claire Montialoux share results from their new research. The findings show that Congress’s decision in 1966 to both raise the minimum wage and expand it to workers in previously unprotected industries led to a significant drop in earnings inequality between Black and white Americans. Read the op-ed
Photo Credit: Richard Vogel/Associated Press
Pandemic Savings Buildup May Boost Recovery, according to UC Berkeley Economics Clark medalist Emi Nakamura. In a Bloomberg Interview, Professor Nakamura said this unusual feature of the Covid downturn could make a big difference when restrictions on spending go away. Read more
Berkeley Economists and others in a letter to the Guardian: "We should recognize that the present moment creates an opportunity to bring about a better future for ourselves and our children. By taking on the carbon economy, we can begin charting a pathway towards economic recovery while building a fairer, more sustainable world in the process." Read more
Photograph: Bebeto Matthews/AP