… surges driven by optimism around AI technologies. But are these gains rooted in fundamentals, or has speculation … Peter Phillips and Shuping Shi investigates this question using advanced econometric tools designed to detect financial … but also unmistakable speculative excess in U.S. equity markets. Speculative Bubbles in the Recent AI Boom: Nasdaq …

… development, labor, and public economics, with a focus on how individuals in Sub-Saharan Africa respond to urbanization … Ahyan Panjwani Ahyan’s research interests are in macro-finance and climate change with current work … of 1930s federal “redlining” — the mapping and grading of US neighborhoods by the Home Owners’ Loan Corporation (HOLC). …

… a new approach to appraising the state of the U.S. labor market in real time. The Yale Labor Survey (YLS) uses … in the United States.  The methods and results of the YLS are described in a short report coauthored by Nordhaus, … to the YLS project.  “The COVID-19 crisis demonstrates how deeply the internet has penetrated our society,” Nordhaus …

… How do local economies respond to large increases to the size of … counties since the 1930s. At the heart of this analysis are West Germany population censuses for the years 1933, … the mechanism I wanted to explore. For example, the US Military Government in Bavaria, published an internal …

… U.S. Yale-led research introduces a new framework to show how protectionist policies ripple through global markets, reducing U.S. deficits but eroding real consumption. … that tariffs could affect trade deficits? Countries are assumed either to have perfectly balanced trade—imports …

… to study economics ( Planet Money  has previously covered how ' Foundation ' has inspired economists). Berry did his … price causes quantity or that quantity causes price; they are jointly determined in the system. A great achievement of … BLP model did not just apply to the auto industry. Many markets feature some combination of differentiated products …

… to Yale’s campus. The Cowles summer conferences are designed to advance the Cowles Foundation’s goal of … a broad set of issues ranging from the origins of the US opioid epidemic, to the development of new tools to … which touched on the dimensions of race: one studied how different racial groups in the US have been affected by …

… Joseph Altonji has been awarded the 2018 IZA Prize in Labor Economics to recognize his seminal contributions to the … “Altonji’s contributions have shaped the understanding of how households decide on their labor supply under fluctuating … and what the mechanisms behind labor market discrimination are,” the award citation states. “An overarching theme of his …

… Efforts As companies gain the power to tailor prices using detailed consumer data, personalized pricing can … the product but keep less surplus. The main beneficiaries are consumers with intermediate willingness-to-pay, who often … using detailed consumer data, a central policy concern is how to prevent pricing discrimination—especially against …

…   What’s special about the Summer Conferences is how they tap experts from diverse fields for an intense week engaging with new research. All of us at Cowles are proud to see the conferences flourish, with continued … up prices? Is there anything that can be done to save local news? Recent research at the conference addressed these …

… his work and vision for the Cowles Foundation. What are your research interests? Ever since I was a graduate … be explained by labor or capital. I wanted to explore how we could go a little deeper into questions about what’s … issues from an international perspective, and that led to us working together on several projects that asked questions …

… Truman Bewley and Peter Phillips. Both Bewley and Phillips are acknowledged in the FAS Dean’s Retirement Tribute … even undergraduate, economics. These models demonstrate how to construct economic equilibria with heterogeneous consumers facing earnings risk in the labor market. They now underlie much of the modern economic …

… researchers new tools for studying markets and changed how policy is evaluated. But Berry’s influence has extended … Professor Berry and his lifetime of accomplishments, here are five ways his work has created lasting impact, in the … traditional IO into health, environmental, education, labor, and urban economics. As Lorenzo Magnolfi explains, …