Economics News

Lovely explains how the trade war hurts Americans in CNN article

"By now, it is likely no surprise to American families that tariffs raise the cost of living," writes Mary Lovely. "Walmart said last week that new import duties would lead to higher prices on a wide variety of consumer goods newly targeted by the latest promised round of tariffs." Lovely's article "The US-China trade war hurts American families" was published by CNN.

Lovely speaks with AP, NPR, NY Times about the US-China trade war

"It looks like there was a level of specificity that China wasn’t willing to accept and a level of ambiguity that the Trump administration wasn’t willing to accept," Mary Lovely told the New York Times. Lovely spoke to several media outlets about the latest in the US-China trade war.

Yinger's expertise in residential discrimination cited in The Atlantic

John Yinger was interviewed for The Atlantic article "An Oral History of Trump’s Bigotry." Yinger commented on the Justice Department’s 1973 lawsuit against Trump Management Company that focused on 39 properties in New York City. At the time, Yinger served as an expert witness in a number of fair-housing cases.

Lovely discusses US-China trade war with ABC News, Marketplace, WSJ

"I think that if President Trump goes through and raises these tariffs and then China retaliates, there will be a lot more pain and no gain," Professor Mary Lovely told ABC News. She was interviewed by several media outlets regarding the latest in the US-China trade war.

Commencement Speaker Mary C. Daly G’94 bloomed at Syracuse University

"You have to bloom where you’re planted, and bloom every day. Wherever you start from, find a way to live your best life," Betsy Bane told Mary C. Daly. Four decades after receiving that advice — and after earning a GED, bachelor’s and master’s degrees, and a PhD in economics from the Maxwell School — Daly is returning to the place she says launched her career as a respected economist.

Lovely discusses US-China trade, tariffs on Bloomberg, CGTN

Mary Lovely discussed the latest in the US-China trade war and the impact of tariffs on various jobs sectors with Bloomberg and China Global Television Network. "It’ll hit the pocketbooks of the working class hard," Lovely told Bloomberg about Trump's recent trade-war threat to increase tariffs.

Dutkowsky discusses latest jobs report on TD Ameritrade Network

"It's just about all good," says Donald Dutkowsky, professor of economics, about the recently released jobs report. Dutkowsky was interviewed on the TD Ameritrade Network for the segment on the positive April jobs report.

US and China resume trade talks, Lovely comments in Associated Press

"The two bullies in the room are basically running the show. The rest of the world is going to have to deal with the aftermath," says Mary Lovely. She was interviewed for the Associated Press article "Deal or no deal? US and Chinese sides resume trade talks."

Rosenthal cited in NY Times article on neighborhood racial change

Stuart Rosenthal was cited in the New York Times article "The Neighborhood Is Mostly Black. The Home Buyers Are Mostly White." Rosenthal 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.

Perry Singleton publishes study on OSHA inspections, worker safety

"The Effect of Workplace Inspections on Worker Safety," co-authored by Perry Singleton and Ling Li '18 PhD (Econ), was published in the ILR Review. The authors estimate the effect of inspections on worker safety by exploiting a feature of OSHA’s Site-Specific Targeting plan and find that effects are most evident in manufacturing and less evident in health services.

Mitra discusses Indian redistributive programs in Economic Times

"No economist providing policy prescriptions can ignore the political constraint of the inevitability of redistribution to the bottom 20-30 per cent," writes Devashish Mitra. "Therefore, an important task before any policy economist is to suggest the most efficient form of this redistribution." Mitra's article, "View: Biometric authentication, exclusion restrictions can ensure effective cash transfer system in India," was published in the Economic Times.

Lovely testifies before US-China Commission on US corps in China

On February 28, 2019, Professor Mary Lovely testified before the U.S.-China Commission on the "Risks, Rewards, and Results: U.S. Companies in China and Chinese Companies in the United States." "While we often see multinationals as the chief villains in the rapid decline of U.S. manufacturing employment, they remain an important source of U.S. manufacturing jobs," Lovely told the Commission.

Mitra analyzes India's minimum income proposal in the Indian Express

In his article titled "A minimum framework," Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, examines India's proposed NYAY (Nyuntam Aay Yojana) scheme. The scheme is described as a poverty alleviation program and is the most recent iteration of a Minimum Income Guarantee.

Lovely discusses President Xi Jinping's visit to France on Bloomberg

Mary Lovely spoke with Bloomberg about Chinese President Xi Jinping's visit to France. According to Lovely, China's leadership is "looking for friends everywhere." And with France being an important player in Europe, "they're looking to continue to diversify their portfolio in terms of where they do business and how they do business," she says.

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."

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