Tag: Department of Economics
Rochester economist: ‘Congress will have to do more’ to fight recession
The $2 trillion stimulus plan working its way through Congress likely won’t be adequate to save the US economy from recession in the face of the coronavirus pandemic, says University of Rochester economist Narayana Kocherlakota.
Rochester economist expects the Fed to stay the course
At the committee’s first meeting of 2020, Rochester professor Narayana Kocherlakota expects the Federal Open Market Committee to hold the course on interest rates, as issues from trade wars to impeachment loom.
‘Absurd’ for Fed to leave its policy framework unchanged
Rochester professor of economics Narayana Kocherlakota expects to be disappointed this week, as the Federal Reserve Open Market Committee has signaled that it will make no changes to an eight-year-old policy statement for meeting inflation and unemployment goals.
The Great Recession: The downturn that wouldn’t end
The Great Recession officially lasted through June 2009, with unemployment levels peaking in October of that year. And while unemployment is now the lowest it’s been in the last 50 years, Rochester experts say the recession is still very much with us.
Rochester economist: Low inflation rates hurt the Fed’s credibility
“There’s a lot of evidence that in the last eight years or so the Fed has lost control,” says Narayana Kocherlakota, the Lionel W. McKenzie Professor of Economics at the University of Rochester.
Fed meeting likely to bring rate cut and dissent, says Rochester economist
President Donald Trump is calling on the Federal Reserve to zero out interest rates—or adopt a negative rate—at its meeting this week. But Narayana Kocherlakota says that won’t happen.
Jumpy stock market hides economy’s positives
The Dow Jones Industrial Average has been on a wild ride in August, but University of Rochester economist Narayana Kocherlakota thinks that talk of a possible recession in the US is premature.
Charter schools are not all equal
Rochester economist John Singleton’s research could help educational policymakers to craft guidelines and practices for charter schools that are in the best interests of all students.
Expect the Fed to begin lowering interest rates
Next week’s meeting of the Federal Reserve will likely mark the beginning of a prolonged period of lower interest rates, says Narayana Kocherlakota, professor of economics and a former president of the Federal Reserve Bank of Minneapolis.
Following in his brother’s footsteps—and making his own mark
Bobby Gerami ’19 has taken advantage of many opportunities at Rochester, getting involved with the After Hours a cappella group; club basketball; and the Students’ Association, where he served as treasurer.