Economics News

Lovely weighs in on discrimination in the field of economics in BI

Mary Lovely was interviewed for the Business Insider article "Thousands of female economists say they've been sexually assaulted or discriminated against by colleagues." "Many men believe they themselves are not part of the problem, yet they continue to organize sessions without any women authors or discussants," says Lovely.

Mitra reviews effects of opening trade on developing Asia in ADBI blog

Devashish Mitra examines the impact of trade on labor-demand elasticities, the bargaining power of workers, and wage inequality on countries in developing Asia. His article, "The impact of trade opening on developing Asia: Evidence and policy implications," was published in Asian Pathways, the blog of the Asian Development Bank Institute (ADBI).

Wasylenko quoted in WalletHub article on state/local tax policy

Michael Wasylenko was featured in the WalletHub article "2019 Tax Rates by State." Wasylenko says "taxes play some role in people’s choices of where to live, but the role that taxes play varies by age group and education level. Highly skilled, highly educated workers find the best job matches in East and West coast cities" he says. These cities are typically located in high tax states.

Wasylenko quoted in Syracuse.com article on splitting NY State

Michael Wasylenko was interviewed for the Syracuse.com article "5 reasons why splitting New York would be a disaster for Upstate." "New York City is doing best and pulling the whole state along," says Wasylenko. "It’s doing better than the United States as a whole, by far. Upstate is not at a point where it could sustain itself."

Lovely weighs in on Trump's trade deal with China in Politico

Mary Lovely was interviewed for the Politico article "Trump’s allies push him to resist a quick China deal." China is now being pressured to accept a deal in which they would not retaliate to any tariff punishment by the US. "It clearly veers into a loss of sovereignty for the Chinese and could be rejected on this ground," says Lovely.

Mitra paper on land reform enactments published in JDE

"The political economy of land reform enactments: New cross-national evidence (1900–2010)," co-authored by Devashish Mitra, was published in the Journal of Development Economics (JDE). The authors constructed a unique and extensive annual dataset that codifies 372 major land reform enactments across 165 countries during the period 1900–2010.

Lovely speaks with AP, Washington Post about Trump's tariffs

"It is dawning on them that the tariffs might not come off," Mary Lovely told the Washington Post. She was interviewed for the article "Fearing Trump’s China tariffs may never end, companies are taking action." Lovely also spoke with the Associated Press about the potential for President Trump to impose tariffs on imported cars.

Lovely provides an economic history of tariffs on Marketplace

Mary Lovely was interviewed on Marketplace for the segment "How well do you know your economic history." "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," she says.

Lovely weighs in on renewed US-China trade talks in WSJ

According to Mary Lovely, who was interviewed for the Wall Street Journal article "As China Trade Talks Begin, Trump Faces Pressure to Make a Deal," failure to reach a [trade] deal carries a risk not only for Mr. Trump, but for the Republican Party. "More tariffs and failure to get a deal will ultimately seem to people like further failure of the government," she says.

Singleton cited in Psychology Today article on marriage, happiness

A 2012 study by Perry Singleton, associate professor of economics, was cited in the Psychology Today article "Are Married People Happier? Questions Answered." Singleton found that the onset of a work-preventing disability correlates with an increased likelihood of divorce.

Lovely quoted in Christian Science Monitor article on US-China trade

"Both sides are finding out that trade wars are painful," says Mary Lovely in the Christian Science Monitor article "US-China trade: How dose of reality is pushing both sides to deal." "The Chinese economy is slowing…. Foreign investment into the US is down, and there is concern about domestic investment moving forward."

Lovely discusses economy, trade war with Bloomberg, NPR, Wash Post

Mary Lovely recently spoke with Bloomberg, NPR, and the Washington Post about the U.S. economy and the trade dispute between the U.S. and China.

Economics alum Mary Daly’s policy goals aim for widespread prosperity

“Monetary policy is the tool kit we have for a strong, healthy and sustainable economy,” says Maxwell alumna Mary Daly ’91 MPhil (Econ)/’94 PhD (Econ), president and CEO of the Federal Reserve Bank of San Francisco. Daly explains the economic benefits of investing in each other in this PBS interview, "San Francisco Fed Chief Mary Daly on the 'virtuous cycle' of economics."

Wasylenko cited in GlobeSt.com article on economic development

Michael Wasylenko recently spoke at the Citizens Budget Commission conference on economic issues facing New York state. His remarks were featured in the GlobeSt.com article "Pointers for Successful State Economic Development Programs." According to Wasylenko, economic development programs require sustained support with horizons of 20 years.

Lovely comments on impact of US-China dispute on the World Bank in FT

"It’s not going to put any of these banks in a good place to have these two big countries duking it out in the midst of their lending programmes," Mary Lovely told the Financial Times. "They may be forced to choose." Lovely was interviewed for the article "US warns of Chinese influence at multilateral lenders."

Lovely weighs in on China's trade surplus with US in Business Insider

Mary Lovely was interviewed for the Business Insider article "'You can't tariff your way out out of a trade deficit': Here's why China's exports to the US have held up in the face of Trump's trade war." According to Lovely, the decline in imports subject to tariffs could also be due to a slowdown in frontloading, or companies rushing orders to avoid duties.

Baltagi awarded 2018 Kuwait Prize in Economics by KFAS

Badi Baltagi, Distinguished Professor of Economics, was awarded the 2018 Kuwait Prize in Economics and Social Sciences (Economy) by the Kuwait Foundation for the Advancement of Sciences (KFAS). The Kuwait Prize recognizes Arab scientists across the globe who have made outstanding lifetime contributions in their research fields.

Lovely weighs in on Trump's trade war tactics in The Atlantic

Mary Lovely was quoted in The Atlantic article "Does Trump Even Understand How Tariffs Work?" Lovely argues that Trump’s trade actions "are a prime example of 20th century tools aimed at the knowledge-embodying trade flows of the 21st century."

Lovely discusses trade war with Wash Post, Business Insider, NPR

"People who shop at Walmart or Target are going to be hit harder than people who buy their toaster ovens from Williams Sonoma or can afford to get products from a higher-income country," Mary Lovely told Business Insider. Lovely spoke with Business Insider, NPR, and the Washington Post about the US-China trade war.

Dutkowsky explains neutral interest rate on Marketplace

Donald Dutkowsky was interviewed on Marketplace for the segment "What Is A 'Neutral' Interest Rate?" Dutkowsky says the Fed is always trying to hit the economy’s sweet spot: “neutral." "So it doesn’t need stimulus and it doesn’t need slowing down. A neutral federal funds rate corresponds to the economy being at full recovery," he explains.

Lovely speaks with Wash Post, Marketplace, FP about GM plant closures

"Steel and aluminum tariffs have raised its [GM] costs by about $1 billion," Mary Lovely told Marketplace. She spoke with several media outlets about General Motor's announcement that it would close five production plants in North America and lay off almost 15,000 management and union workers.

Lovely discusses Made in America labeling in Wall Street Journal

Mary Lovely was interviewed for the Wall Street Journal article "U.S. Manufacturers Push FTC to Crack Down on False ‘Made in America’ Labels." According to Lovely, the rules around Made in America labeling can be confusing, and companies can violate them without realizing it.

Lovely quoted in Business Insider article on US tariff revenue

Mary Lovely was interviewed for the Business Insider article "The government is raking in billions of dollars from Trump's tariffs. Americans are the ones paying." "The president looks at this and says it's coming from foreigners," says Lovely. "That's not technically correct."

Lovely quoted in Bloomberg article on China, Trump's tariffs

Mary Lovely was interviewed for the Bloomberg article "China Bets Vast Supply Chain Can Swallow Trump's Tariff Pain." "Damage from the U.S. tariffs is bearable for China," says Lovely. "These tariffs are unilateral and China still will supply the rest of the world."

Lovely discusses impact of tariffs on Chinese supply chains in Xinhua

Mary Lovely was interviewed for the Xinhua article "Trump's tariffs disruptive to supply chains, but shifting them away from China won't be easy." "So there's a great deal of uncertainty and firms are really in doubt as to what they should do because moving the supply chain is costly. Before you want to do that, you want to make sure that it's something that you really need to do," says Lovely.

PhD student Davor Mondom discusses political legacy of Amway in WaPo

Current PhD student Davor Mondom ’12 BA (Econ/Hist)/’15 MA (Hist)/’16 MPhil (Hist) writes about the political legacy of Amway in the wake of Richard DeVos's death in his article "The conservative business model that paved the way for the Trump presidency," published in the Washington Post.

Mitra article on learning English in India published in Indian Express

"Language is no zero-sum game," written by Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs, was published in the Indian Express. Mitra argues that for India, learning English does not come with costs — it only brings benefits.

Mitra discusses possible India-US trade war in London Telegraph

"Trump’s main focus is on China right now," says Devashish Mitra. "Even with the Mexico and Canada agreement he has a clause that says if anyone has a trade agreement with China then you have to retaliate within the new Nafta agreement." Mitra was interviewed for the Telegraph article "Trump refuses to give India an easy ride on tariffs, but back-channels are open."

Lovely weighs in on Trump's trade strategy in New York Times

Mary Lovely was interviewed for the New York Times article "The Trump Trade Strategy Is Coming Into Focus. That Doesn’t Necessarily Mean It Will Work." "I do think we can see a strategy, but that doesn’t mean it’s a good strategy,” says Lovely.

Alumnus Josh Aviv wins $1 million startup competition

Joshua Aviv ’14 BA (Econ)/G’17 (iSchool), founder and CEO of SparkCharge, a company that produces a portable, fast charging battery unit for electric vehicles, has earned the top prize of $1 million at the 43North startup competition.

Lovely discusses impact of USMCA on autos in CBS MoneyWatch article

"Unfortunately, I believe it may do little to expand employment in the auto sector and will hurt auto buyers," says Mary Lovely. "The new rules raise the cost of production in North America, raise prices for auto buyers, and reduce overall auto and truck sales." Lovely was interviewed for the CBS MoneyWatch article "How the U.S.-Mexico-Canada trade deal changes the landscape."

Lovely speaks with AFP about new US trade deal

Mary Lovely was interviewed for the Agence France Presse articles "Carmakers relieved as US reaches trade deal with Canada" and "Even in new trade deal, US plays hardball with China." The provision is "a clear signal of where they're headed," says Lovely. "It definitely seems to be circling the wagons against China."

Lovely weighs in on NAFTA talks in Financial Post, Bloomberg

Mary Lovely was interviewed for the Financial Post article "NAFTA talks in crucial phase amid threat of devastating tariffs on Canadian auto sector," and the Bloomberg article "Trump's New Nafta Pact Looks More Like a Rebranding Than a Revolution."

Maxwell econ alum Aviv a finalist in $5 million startup competition

43North has announced 18 finalists for its 2018 $5 million startup competition. One was created at Syracuse University. SparkCharge founder and CEO Josh Aviv ’14 BA (Econ), G’17, will compete against competitors hailing from across North America for a shot at one of 43North’s eight cash awards, which include a $1 million grand prize and seven awards of $500,000.

Mitra discusses tariff retaliation by India in Livemint article

Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, says "Any tariff increase will come at a huge cost to India’s consumers as well as producers who use imported inputs." His op-ed "Does trade retaliation make sense?" was published in Livemint.

Rosenthal research cited in Wash Post article on market-rate housing

Stuart Rosenthal was referenced in the Washington Post article "Why do so many affordable-housing advocates reject the law of supply and demand?" As Rosenthal wrote in an American Economic Review article in 2014, the "direct evidence that housing filters down, on average," is so indisputable that "there should no longer be debate on this point."

Flores-Lagunes to study effects of education on obesity, mental health

Alfonso Flores-Lagunes, professor of economics, has received a $169,785 grant from the National Institutes of Health (NIH) to study the effects of educational attainment on obesity and mental health. The award forms part of a three-year project, “Genes, Education, and Gene-Education Interactions in Obesity and Mental Health,” led by Central Michigan University.

Yaqi Kang '18 BA (Econ/IR) takes community seriously in the snow city

While at Syracuse University, Yaqi Kang '18 BA (Econ/IR) embraced her role as an active representative of the Chinese student community. She worked as a mentor at the Slutzker Center for International Services and was a representative on the Internationalization Council. “Every student is a part of the community, and we all have the responsibility to make our community better,” says Kang.

Mary Daly '94 PhD (Econ) appointed president of SF Fed Reserve Bank

The Federal Reserve Bank of San Francisco announced that its Board of Directors has appointed Maxwell alumna Mary C. Daly to the position of president and chief executive officer, effective October 1, 2018. Daly has been serving as the Bank’s executive vice president and director of Research since 2017.

Lovely discusses tariffs with the Economist, Wall Street Journal

Mary Lovely was interviewed for the Wall Street Journal article "Apple Says China Tariffs Would Hit Watch, AirPods." "The first few rounds of tariffs hit supply chains really hard," says Lovely. Now, the Trump administration "has begun to hit things clearly not processed in the U.S.—consumer goods—and this is going to get people’s attention." Lovely was also cited in the Economist article "Who Pays for Tariffs?"

Palmers supporting professional master’s students

University Professor John L. Palmer, a former long-time dean of the School, and his wife, Stephanie G. Palmer, have made a major gift commitment to the Maxwell School that will create an endowed fund supporting Maxwell professional master’s students, with an emphasis on financial aid and career development services.

Maxwell announces new faculty members, program chair

The academic year begins at the Maxwell School with the arrival of several new faculty members. In addition, Renée de Nevers, associate professor of public administration and international affairs, is the new chair of the Social Science Doctoral Program.

Lovely discusses trade deficits with Bloomberg and Marketplace

Mary Lovely was interviewed for the Bloomberg article "Things Are Not Going to Plan in Trump’s U.S. Trade Deficit Wars," and was a guest on Marketplace for the segment "Here’s how deficit-inducing tax cuts lead to trade deficits." "Trade policy has very little direct impact on the overall trade deficit in the longer run," Lovely told Bloomberg.

Engelhardt research cited in MarketWatch article on Social Security

A study on early Social Security claiming co-authored by Gary Engelhardt, professor of economics, was referenced in the MarketWatch article "Why people who claim Social Security early often live to regret it." Engelhardt and co-authors Jonathan Gruber and Anil Kumar found that early claiming leads to a significant increase in the number of retirees living in poverty.

Evensky writes about success in college on Syracuse.com

Jerry Evensky, professor of economics, examines what "success in college" means in his article "How to get the most out of college: an insider's view," published on Syracuse.com.

Flores-Lagunes weighs in on issues facing workers in WalletHub

Alfonso Flores-Lagunes was featured in the WalletHub article "2018 Labor Day Facts – Travel, Money & More." Flores-Lagunes says the main threat facing working people today is eroding real wages. "The unemployment rate has been low for some months now (relative to the recent past), but there has not been noticeable pressure on wages," he says.

Mary Lovely Named Inaugural Recipient of the Merget Fellowship Award

The Maxwell School is pleased to announce Mary Lovely as the inaugural recipient of the Merget Fellowship award. The fellowship is made possible by generous gifts to the Astrid Merget Fund honoring two-time alumna and former associate dean of the Maxwell School Astrid Merget ’68 MPA/’73 PhD (SSc).

Lovely weighs in on new NAFTA deal on Bloomberg TV

Mary Lovely was interviewed on Bloomberg TV for the segment "Why a New Nafta Deal Could Mean More Expensive Cars." "What this deal really is signaling is that this administration is going to go forward with a 25% tariff on autos," says Lovely. "That's going to greatly upset our partners in the EU, in Japan."

Bowman Fund supports MPA and economics students

A new fund, created by the widow of Maxwell alumnus H. Woods Bowman, will be used each year to provide scholarship and financial assistance to students pursuing either a master’s degree in public administration or a doctoral degree in economics at Maxwell.

Lovely weighs in on how to resolve US-China trade war on Marketplace

Mary Lovely was interviewed on Marketplace for the segment "How to start resolving U.S.-China trade tensions." Lovely says negotiators should seek specific policy changes that will address the reason for these tariffs in the first place — U.S. allegations that China treats American firms unfairly with respect to their technology and intellectual property.

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