economist

Growing up in Glens Falls, N.Y., Edward C. Prescott got an insider’s view of business from chats with his father, an engineer and later comptroller for a global supplier of pigments. Those insights made the economics courses he took in college seem less theoretical and more relevant than they might have seemed to other students. Dr. Prescott, who earned a Ph.D. degree at Carnegie Mellon University in 1967 and shared a Nobel Prize in economics with Finn E. Kydland in 2004, helped transform thinking on…

Credit: Pixabay/CC0 Public Domain The Deputy Governor of Monetary Policy at the Bank of England, has questioned whether UK interest rates need to rise as much as markets predict. In a speech at Imperial College Business School on Thursday 20…

Credit: Pixabay/CC0 Public Domain With reading and math scores plummeting during the pandemic, educators and parents are now turning their attention to how kids can catch up. In the following Q&A, Susanna Loeb, an education economist at Brown University, shines a light on the best ways to use tutoring to help students get back on track.…

Applauding India's digitisation efforts, the chief economist of the International Monetary Fund (IMF) on Wednesday said the move was a game changer as it had allowed the Indian government to do things that would have been extremely difficult otherwise."Digitisation is helping along a number of dimensions. One is financial inclusion, obviously because there are a lot of people in countries like India that were unbanked. And having access to digital wallets is a way in which they can enter into transactions that are not…

A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by air-conditioning demand, as scorching heat waves spread across regions north of the Yangtze river.Vcg | Visual China Group | Getty ImagesChina is currently caught in the grip of a devastating heatwave that could have a serious impact on its economy, according to the chief economist of Hang Seng Bank China.The heatwave "is a…

The AI Economist is an economic simulation in which AI agents collect and trade resources, build houses, earn income, and pay taxes to a government. SalesforceZheng noted that the research considered many different spatial layouts and distributions of resources, as well as agents with different skill sets or skill levels. He also mentioned that the current work is a proof of concept, focusing on the AI part of the problem."The key conceptual issue that we're addressing is the government trying to optimize this…

Leah Nylen / Bloomberg: DOJ hires Microsoft's former chief economist Susan Athey as its top antitrust economist; sources say Athey will likely be recused from Apple and Google cases — Susan Athey, a Stanford University professor and former chief economist at Microsoft Corp., is joining the Justice Department as its top antitrust economist. Leah Nylen / Bloomberg: DOJ hires Microsoft's former chief economist Susan Athey as its top antitrust economist; sources say Athey will likely be recused from…

Credit: Unsplash/CC0 Public Domain The Supreme Court's decision to overturn Roe v. Wade last week could have devastating economic effects for women—especially low-income women of color—that will have both short- and long-term impacts, Alicia Modestino, associate professor of public policy and urban affairs and economics, said.…

Credit: Unsplash/CC0 Public Domain A Northeastern expert believes that a three-month gas tax break, suggested by President Joe Biden, is a bad policy proposal amid an existential environmental crisis. …

China's government has an intense craving to take control of TSMC, reveals a report shared by Bloomberg today. The financial news organization has published some alarming quotes from Chen Wenling, chief economist at the government-run China Center for International Economic Exchanges. In brief, Chen called on Chinese authorities to "seize TSMC" if the US and the West begin to implement Russia-war style sanctions on China. She was speaking at the Chongyang Institute for Financial Studies at Renmin University at the end of…