by ClausenCenter | Dec 7, 2022 | News
Sergii Kiiashko, an assistant professor at the Kyiv School of Economics and a senior researcher at the Department of Monetary Policy and Economic Analysis of the National Bank of Ukraine, has been named the Clausen Center Ukraine Fellow for the 2022-2023 academic year. The fellowship, part of a joint effort by the UC Berkeley Department of Economics and the Haas School of Business, is designed to support Ukrainian business and economics scholarship during the ongoing war. The program is coordinated by Quantedge Presidential Professor of Economics Yuriy Gorodnichenko.
Kiiashko’s research interests include macroeconomics and international economics, with a focus on economic policy during crises. He received his doctorate in 2018 from Princeton University.
by ClausenCenter | Sep 9, 2022 | News, Research
The winner of the 2022 WTO Essay Award for Young Economists is Mathilde Muñoz of the James M. and Cathleen D. Stone Center on Wealth and Income Inequality at the University of California, Berkeley. Her paper, “Trading Non-Tradables: The Implications of Europe’s Job Posting Policy”, was ranked first by the Selection Panel. She was presented with her prize of CHF 5,000 at the annual meeting of the European Trade Study Group in Groningen (the Netherlands) on 8 September 2022. Muñoz is an affiliated faculty member with the Clausen Center.
> Read the full story
by ClausenCenter | Jan 10, 2022 | News, Pierre-Olivier Gourinchas
Today, the International Monetary Fund (IMF) announced its intention to appoint the Faculty director of UC Berkeley’s Clausen Center, Pierre-Olivier Gourinchas, as its new Economic Counsellor and Director of Research, starting January 24, 2022. Pierre-Olivier writes: “I am deeply honored to be appointed as the IMF’s Economic Counsellor. I look forward very much to working with my new IMF colleagues to navigate many of the important global economic issues of our times. I also want to express my deepest thanks to UC Berkeley for making it possible for me to serve in this position.” Please refer any media enquiries to
media@IMF.org.
>
Read the IMF’s press release
by ClausenCenter | Oct 30, 2020 | News, Pierre-Olivier Gourinchas
An analysis of 17 countries in Europe and Asia found that the COVID-19 crisis hit small- and medium-sized businesses hard: In the absence of government support, the 2020 bankruptcy rate would have almost doubled to 18% on average, with even higher rates in the hardest hit sectors and countries, researchers found.
Government interventions in most countries has cushioned some of the blow, and despite the severity of the shock, the banking sector showed resiliency. Banks did not appear to be significantly impacted by the rise in loan defaults, according to a recent National Bureau of Economic Research working paper co-authored by Clausen Center Faculty Director Pierre-Olivier Gourinchas.
> Read the full article
by ClausenCenter | Oct 13, 2020 | News, Pierre-Olivier Gourinchas
The Economist magazine highlights Clausen Center Faculty Director Pierre-Olivier Gourinchas’s work on trade imbalances and monetary policy. Read the article (subscription required).
by ClausenCenter | Apr 2, 2020 | News
Through their research, Clausen Center faculty and visiting scholars are addressing the economic and business implications of the coronavirus pandemic, as well as policy approaches that may help lessen the damage to the global economy. The links below will take you to the articles, interviews, and working papers covering these topics. Please check back frequently for new updates.
- “Flatten the Curve of Infection and the Curve of Recession at the Same Time,” Foreign Affairs, by Pierre-Olivier Gourinchas
- “Jobs Aren’t Being Destroyed this Fast Elsewhere. Why Is That?” The New York Times, by Emmanuel Saez and Gabriel Zucman
- “The Sudden Stop,” The Indicator from Planet Money, interview with Pierre-Olivier Gourinchas
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“Containment efficiency and control strategies for the Corona pandemic costs,” working paper, by Claudius Gros, Roser Valenti, Kilian Valenti, and Daniel Gros
- “Will Sky-High Unemployment Lead to Authoritarianism or Progress?” The Guardian, by Barry Eichengreen
- “Coronanomics 101,” Project Syndicate, by Barry Eichengreen
- “The Covid-19 Default Time Bomb,” Project Syndicate, by Pierre-Olivier Gourinchas and Chang-Tai Hsieh
- “EU solidarity in exceptional times: Corona transfers instead of Coronabonds,” Vox, by Daniel Gros
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“How Europe Should Manage the Coronavirus-Induced Crisis, Project Syndicate,” by Daniel Gros
- “Three Steps Needed to Avoid Economic Collapse: Protect Workers’ Jobs, Small Businesses, and Banks,” (Part 1); “The Enormous Price of Poor Response,” (Part 2), and “The Special Problems of Developing Nations, and the Need for IMF, World Bank, and Multilateral Support,” (Part 3), The Authoritative Source, video interviews with Pierre-Oliver Gourinchas
- “Il faut suspendre les remboursements de dette souveraine aux créanciers des pays émergents,” Le Monde, by Chang-Tai Hsieh and Pierre-Olivier Gourinchas
- “Sovereign debt standstills:An update,” VoxEU: CEPR Policy Portal, by Patrick Bolton, Lee Buchheit , Pierre-Olivier Gourinchas, Mitu Gulati, Chang-Tai Hsieh, Ugo Panizza, Beatrice Weder di Mauro
- “How to Prevent a Sovereign Debt Disaster.” Foreign Affairs, by Patrick Bolton, Lee Buchheit, Pierre-Olivier Gourinchas, Mitu Gulati, Chang-Tai Hsieh, Ugo Panizza, Beatrice Weder di Mauro
