Berkeley Economics

Prof. Brian Galle (@BDGesq) to @sfchronicle: @berkeleyecon Prof. Emmanuel Saez is “one of the real geniuses of our time,” and working with him “can sometimes feel like the tax-policy equivalent of a 10-day-contract guy trading passes with LeBron James.” bit.ly/4bkOQ40

Today's Big Give, and there are ​8​ hours left to support Berkeley Economics! All gifts directly support our students, faculty & staff. If Berkeley Economics has made a positive difference in your life, please pay it forward and make a gift before 9 PM: givingday.berkeley.edu/giving-day/108…

🐻 #BigGive starts TONIGHT at 9 PM PT! Get a head start and support Berkeley Economics students and research. Every gift counts toward our $5k matching gift. givingday.berkeley.edu/giving-day/108… #CalBigGive ⭐​#calbiggive

New CEPR Discussion Paper - DP21265 An opening for the euro Barry Eichengreen @B_Eichengreen @UCBerkeley @berkeleyecon, Arnaud Mehl, Isabel Vansteenkiste @isabelsabine @ecb ow.ly/wabo50YrJyT #CEPR_IMF #EconTwitter

What actually happens when central bankers disagree? A new paper from @YGorodnichenko and co-authors—including alumnus Marc Dordal i Carreras (PhD '21)—reveals that FOMC policy is driven by "mental models" just as much as data. Read more: sites.utexas.edu/macro/2025/12/… @cepr_org

Thaler's new book "The Winner's Curse: Behavioral Economics Anomalies, Then and Now" revisits his groundbreaking columns from the 1980s, and shows nearly everything discovered in lab experiments holds up in real-world data with stunning consistency. simonandschuster.com/books/The-Winn…

People aren't rational optimizers—they get emotional, make mistakes, and pick worse health plans. @R_Thaler discussed 40 years of behavioral economics research with Profs @umalmend & @sdellavi. Hosted by @BerkeleyHaas O'Donnell Center & @berkeleyecon. econ.berkeley.edu/news/thaler

You only live twice: A growth strategy for #Ukraine Yuriy Gorodnichenko @YGorodnichenko @UCBerkeley @berkeleyecon, Maurice Obstfeld @PIIE @UCBerkeley ow.ly/269C50Y3BqX

Are nudges good for society? @berkeleyecon Prof. Dmitry Taubinsky argues in a study that some nudges, like soda labels, influence people already making good choices, while missing those who need help. Learn more: bit.ly/4pjrkrL

In @Bloomberg’s “Odd Lots” podcast, @berkeleyecon Prof. Emi Nakamura discussed inflation rates + the power that central banks have to contain them. Listen here: bit.ly/3KaygJl

Does housing or mental health treatment lead to better outcomes for the homeless? @berkeleyecon Ph.D. student Sydney Costantini’s study of unhoused veterans found that housing lowers long-term mortality, while treatment alone does not. Read more: bit.ly/3MgNqgH

California's 200 billionaires saw their wealth surge from $300B to $2.2T since 2011. UC Berkeley's @ucbstone Emmanuel Saez and Brian Galle helped draft a proposed ballot measure for a one-time 5% tax to raise $100B. Read their analysis: eml.berkeley.edu/~saez/galle-ga…

3/3 Key finding: firms' inflation expectations exhibit significant heterogeneity, challenging full-information rational expectations models. The research underscores challenges in anchoring inflation expectations in a heterogeneous monetary union. frbsf.org/research-and-i…

2/3 The research uses novel euro area survey data and a randomized controlled trial to show how firms update beliefs & form expectations across different regions. Geolocation plays a dominant role: firms extrapolate from regional&national inflation to form euro area expectations.

1/3 A new @sffed working paper examines firms' inflation expectations in a monetary union, co-authored by Berkeley Economics Professor @YGorodnichenko with Ursel Baumann, Annalisa Ferrando (@ecb), @DGeorgarakos, and @timo_reinelt.

Congratulations to Professor @gerardrolanducb on receiving the Elinor Ostrom Lifetime Achievement Award! His groundbreaking work on institutions and political economy and mentorship of 30+ PhD students worldwide has shaped the field. 🎉 sioe.org/awards/2025

🆕 Who wins when public transit challenges private transit? Today on VoxDev, @danbjork @Columbia_CDEP, @Alice_Duh @WorldBank, @nagpal_geetika @wb_research & @NTsivanidis @BerkeleyHaas @berkeleyecon explore the impacts of new public buses in Lagos: voxdev.org/topic/infrastr…

2/2 Nakamura presents findings from "Beyond the Taylor Rule," her Jackson Hole paper co-authored with @JonSteinsson and Venance Riblier. The research shows the Fed's 30-year-old formula needs updating; supply shocks require different responses than demand-driven inflation.

1/2 Berkeley economist Emi Nakamura on @Bloomberg podcast Odd Lots: Central banks with strong credibility can raise rates more slowly without sparking runaway inflation. youtube.com/watch?v=xvB3A9…

Welcome to Berkeley Economics, Prof. Lanzani! In this Q&A with @serra_pelin1, @Giacomolanzani explains why polarization persists even when we have enough info to agree—and why leaders must adjust their trust in models as data changes. Read the interview: econ.berkeley.edu/stories-interv…