Economics
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Nobel nod to innovation drivers
Distinguished Professor of Economics Nirvikar Singh writes that this year’s Nobel Prize in economics provides a reminder of the importance of innovation for material progress and that of openness and competition for innovation.
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The national housing crisis is reviving the debate over rent control
Efforts to control rental increases have led to unintended yet serious consequences, observers say. Gonzalo Respighi Grasso, a doctoral candidate in economics at the University of California, Santa Cruz, has made rent control the focus of his research.
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India in the cross hairs
In an opinion article, Distinguished Professor of Economics Nirvikar Singh argues that India should view the latest U.S. move on H-1B visas as a wake-up call to work on becoming a global skilling hub.
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Is the US already in a recession?
Pascal Michaillat, professor of economics at the University of California, Santa Cruz and a research associate at the NBER, estimates a 71 % probability that the US economy was already in recession in May.
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How regional Federal Reserve banks contribute to monetary policymaking
Regional Fed Presidents are chosen by independent boards and then sent to the Board of Governors in DC for approval. “It’s just more layers away from DC and that allows a little bit more protection of independence,” said Galina Hale, an economics professor at UC Santa Cruz.
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Don’t rise to any bait from Trump
Distinguished Professor of Economics Nirvikar Singh argues that following China’s example in building human capital and knowledge capital is India’s best defense against pettiness & narcissism.
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Framing India’s 2047 goals
Distinguished Professor of Economics Nirvikar Singh wrote an opinion article arguing for careful decentralization of India’s government in order to reduce distorted incentives related to the way India’s democracy functions.
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From rules-based negotiation to alpha male tactics: In US-China trade war, norms take a back seat
Distinguished Professor of Economics Nirvikar Singh wrote an opinion article about changes in U.S. trade tactics, arguing that bilateral negotiations are no longer conducted with rules in mind that require equal treatment of countries not included in the negotiations.
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An opportunity to chew on
Distinguished Professor of Economics Nirvikar Singh wrote an opinion article about how increased iPhone production could prove to be an inflection point for India in manufacturing.
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Impact of Trump’s tariffs on India will be lower than for other countries, including China
Distinguished Professor of Economics Nirvikar Singh wrote about the potential impacts of new U.S. tariffs on India. Singh suspects that the tariffs are mainly an aggressive starting point for a negotiation process that will proceed bilaterally. But he says the Trump approach undermines institutions and trust.
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A major reset of higher education
Distinguished Professor of Economics Nirvikar Singh wrote an op-ed discussing how the Trump administration’s war on universities may be a harbinger of long-run structural changes in the world order when it comes to higher education leadership and opportunity.
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As investors fret over a coming recession, a UC Santa Cruz economist says it has already begun
U.S. financial markets have been in turmoil for weeks, as investors debate whether President Trump's trade war and falling consumer confidence could trigger a full-blown recession. But a UC Santa Cruz economist says that a model he helped develop, which is attracting growing attention, shows that the economy is already in a recession and has been for nearly a…