Economics
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How the K-shaped economy explains why it feels like we are in a recession
Some economists, like Pascal Michaillat at the University of California, Santa Cruz, pay special attention to labor market indicators to get a better sense of whether the economy has entered a recession. Michaillat said he looks at labor market data because this is the same data you’d want to use to look at whether we’re…
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California’s $20 fast food wage yields higher prices, fewer jobs, more automation
On Wednesday, University of California – Santa Cruz released a real world appraisal of how the $20 mandate has affected owners and employees of fast food franchises. Stephen Owen, an economics lecturer, and a team of undergraduate helpers visited and studied more than 100 outlets in Santa Cruz and the Central Valley and came away with data…
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How can nature protect us from the effects of climate change
UC Santa Cruz economics professor Galina Hale hosts Center for Coastal Climate Resilience Director Mike Beck on the radio show “Cutting Edge,” to discuss their new study on nature-based solutions for climate adaptation.
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How to fix Delhi’s air pollution disaster
Openness to diverse sources of expertise and rigorous testing of ideas before scaling up might be the key to fix Delhi’s hazardous air, writes Distinguished Professor of Economics Nirvikar Singh.
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India’s Goldilocks economy
India can’t be complacent, writes Distinguished Professor of Economics Nirvikar Signh. An 8% growth rate maintained over the next two decades will be transformative, but policies still need to be enacted or modified.
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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.