Economics News

Stuart Rosenthal, professor and chair of economics, argues that it’s often possible to predict a neighborhood’s income level 20 years into the future by the age of its housing stock today. 

"No economist providing policy prescriptions can ignore the political constraint of the inevitability of redistribution to the bottom 20-30 percent," writes Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs. "Therefore, an important task before any policy economist is to suggest the most efficient form of this redistribution—one that hurts the rest of the society the least. Of course, it also has to be fiscally viable and responsible."

"For those who might totally dismiss such a scheme, by saying that it amounts to socialism, let me remind them that many believers in the power of markets, including myself, have throughout been in support of cash transfers as the least distortionary method of redistribution and fighting poverty," writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs.

According to Mary Lovely, professor of economics, China's leadership is "looking for friends everywhere." And with France being an important player in Europe, "they're also looking to continue to diversify their portfolio in terms of where they do business and how they do business," she says.

"Many men believe they themselves are not part of the problem, yet they continue to organize sessions without any women authors or discussants," says Mary Lovely, professor of economics. "And I still am present at meetings where women's views are heard and then trivialized." 

"Even though in aggregate, trade leads to economic gains, it almost always creates winners and losers," writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs." He adds that social protection policies "need to be in place for equity reasons as well as to build and sustain support for free trade."

Michael Wasylenko, Maxwell Advisory Board Professor of Economics, says "highly skilled, highly educated workers find the best job matches in East and West coast cities," which are typically located in high tax states.

Yilin Hou, professor of public administration and international affairs and senior research associate at the Center for Policy Research, has won a prestigious economic policy research award from the Pu Shan Foundation of China, for his paper "Real Property Tax: Ability to Pay, Distribution of Tax Burden, and Redistribution Effects."

According to Professor of Economics Mary Lovely, "this is not a negotiating tactic. Trump is a true believer...He wrongly believes tariffs will help the U.S. auto industry."

"The economy has changed a lot since 1888 and in particular, when we think about who bears the burden of tariffs, we have to recognize the development of very complex supply chains for American companies," says Professor of Economics Mary Lovely. 

"More tariffs and failure to get a deal will ultimately seem to people like further failure of the government," says Mary Lovely, professor of economics.