Tag: Department of Economics
Rochester economist applauds Nobel Prize for collaborator Robert Wilson
Professor of economics Srihari Govindan’s collaborations with this year’s Nobel laureate go back 25 years and typically focus on other areas of game theory.
Long-standing economics seminar series renamed to honor Professor Emeritus Ronald Jones
The Ronald W. Jones Seminar in International Economics honors the Rochester economist’s six decades of work in the field of economics.
What will it take to restore the economy after COVID-19?
Narayana Kocherlakota, the Lionel W. McKenzie Professor of Economics, says the prospects for economic recovery depend on how effectively we can combat COVID-19.
Reopening the country will do little to restore the US economy
Rochester economist Lisa Kahn says multiple factors—not just stay-at-home orders—combined to generate the recent collapse in the labor market.
Social Security for wealthy retirees promotes greater bequests, more inequality
An analysis by Rochester economist Kegon Tan shows that increases and decreases in payments for the affluent affect what they leave behind, not what they spend.
Narayana Kocherlakota to Fed: Stop banks from paying dividends
In advance of this week’s Fed meeting, Kocherlakota calls on the Fed to prohibit banks from paying dividends to shareholders. “Banks should be keeping as much capital as they can,” he says.
Rochester economist: Without stronger leadership, ‘disaster’ lies ahead
Without a coordinated system of testing, tracing, and quarantining for COVID-19, economic activity cannot resume—and the downturn will be steeper and longer than any since before World War II, says Rochester economist Narayana Kocherlakota.
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.