MFA Best Paper Award in Asset Pricing: Oleg Itskhoki

A big congratulations to UCLA Professor Oleg Itskhoki for winning The Midwest Finance Association Best Paper Award in Asset Pricing for his paper “Mussa Puzzle Redux”, with Dmitry Mukhin (University of Wisconsin-Madison). Mussa (1986) documented a sharp simultaneous increase in the volatility of both nominal and real exchange rates after the end of the Bretton Woods […]

Ben Graham Chair Inauguration

On Tuesday, the Department of Economics installed Professor Simon Board as the inaugural holder of the Benjamin Graham Centennial Chair in Value Investing. This new Chair helps strengthen our Value Investing Program, which teaches students how to value stocks, with a commitment to objectivity, rationality and a heavy dose of humility. In his talk, Professor […]

Should Congress Raise The Minimum Wage?: A Debate

On April 7, 2021, the Adam Smith Society held a lively debate on the merits and drawbacks of raising the minimum wage with UCLA professor Lee Ohanian and MIT professor Daron Acemoglu, moderated by the Wall Street Journal’s Eric Morath. (Hosted by CMU Tepper and Pitt Katz chapters.)   The Adam Smith Society works to provide a venue where this discussion of […]

Martha Bailey’s Research Featured in NBER Digest

UCLA’s Martha J. Bailey, along with Brenden D. Timpe & Shuqiao Sun, had their paper Prep School for Poor Kids: The Long-Run Impacts of Head Start on Human Capital and Economic Self-Sufficiency featured in the April 2021 issue of The NBER Digest. The paper evaluates the long-run effects of Head Start using large-scale, restricted 2000-2018 Census-ACS data […]

Lee Ohanian on the Exodus of Firms from California

Earlier this week, Professor Lee Ohanian joined Eleni Kounalakis, Lieutenant Governor of California, presented and discussed why California businesses are leaving the state in “The Exodus of Firms from California: Facts, Reasons, Solutions” for the Policy Seminar presented by the Hoover Institution. View article here  

Lee Ohanian on CNBC!

As Oracle, Palantir and Hewlett-Packard Enterprise move their headquarters out of California and Elon Musk moves to Texas, California is considering raising taxes on the wealthy to unprecedented levels. Lee Ohanian and other experts say California needs to find more ways to reverse the trend. Watch the full video produced by CNBC, “What’s Driving California’s […]

Remembering Bill Allen

The UCLA Department of Economics is sad to announce that William R. Allen (1924-2021) passed away on January 15, 2021.  Allen obtained his A.B. (Bachelor of Arts) from Cornell College (1948) and his Ph.D. from Duke University (1953). He instructed at Washington University prior to joining the UCLA faculty in 1952. He has been a visiting […]

Denis Chetverikov named co-editor of Econometric Theory

We are excited to announce that Denis Chetverikov has been named the co-editor of Econometric Theory. Since its inception, Econometric Theory has been one of the leading journals in Econometrics (the development and application of statistical methods within economics). ET is an innovative journal dedicated to advance theoretical research in econometrics; it contains original theoretical contributions in all of the […]

Newly Elected Fellows of IAAE 2020: Moshe Buchinsky

The International Association of Applied Econometrics(IAAE) recently announced their newly elected fellows of the Association. UCLA’s Professor Moshe Buchinsky will be joining 47 other econometricians as a fellow for the 2020-2021 year. The International Association for Applied Econometrics (IAAE) was established at the University of Cambridge in the United Kingdom. IAAE works frequently with the Faculty of Economics […]