Since the debut of Bitcoin in 2009, the market for crypto assets has grown at an unprecedented pace. Yuriy Gorodnichenko and three other researchers will survey U.S. households to better understand the demographics of cryptocurrency owners, why they decided to invest, and what people think about cryptocurrency.
Assistant professor of economics focusing on macroeconomics, monetary theory, behavioral economics, and finance
2024 BB90 Recipient
2023 BB90 Recipient
There are several macroeconomic theories on the relationship between fiscal deficits and inflation. Surveys indicate that Americans consider inflation to be one of the United States’ worst problems. Chen Lian will study the impact of fiscal deficits on inflation and why U.S. workers find inflation costly through the lens of the 2021-2023 inflation spike.
Non-income financial shocks are a significant cause of economic turmoil for households. Laura Waring and Peter Maxted will study how the processes of household expenditure shocks work on a variety of issues. They will do so first through surveying and then by developing a model of household consumption and saving.
Chancellor’s Professor of Economics focusing on macroeconomics, international macroeconomics, industrial organization, and finance
2023 BB90 Recipient
Deposits are an important source of funding for banks. Some European banks have set negative deposit rates, so customers pay interest on their bank accounts. Emi Nakamura will analyze the effect of negative deposit rates on deposit outflows.
There is a belief in economics that tight labor markets lead to quicker wage growth for low-income workers. Jesse Rothstein and Benjamin Schoefer seek to create a stronger understanding of this issue by studying the long-term causal effects of labor market tightness on a diverse group of macroeconomic events.
There is a belief in economics that tight labor markets lead to quicker wage growth for low-income workers. Jesse Rothstein and Benjamin Schoefer seek to create a stronger understanding of this issue by studying the long-term causal effects of labor market tightness on a diverse group of macroeconomic events.
