Maxwell School News and Commentary

"This is really going to hurt American businesses who use Mexico to reduce their costs and stay competitive," Mary Lovely, professor of economics, told Bloomberg after President Trump announced that all products from Mexico will be hit with 25 percent tariffs.

The "Modi government should get a lot of credit for its Insolvency and Bankruptcy Code as well as the cleansing of the banking system, an important component being getting rid of non-performing assets," says Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs.

"It looks like there was a level of specificity that China wasn’t willing to accept and a level of ambiguity that the Trump administration wasn’t willing to accept," Mary Lovely, professor emerita of economics, told the New York Times.

Stuart Rosenthal, professor and chair of economics, argues that it’s often possible to predict a neighborhood’s income level 20 years into the future by the age of its housing stock today. 

Len Burman, Paul Volcker Chair in Behavioral Economics, suggests eliminating a provision of current law in which assets that increase in value can go essentially untaxed across generations as a way to reduce inequality.

"This is a real institutional threat to the separation of powers to use emergency powers to enable the president to bypass Congress to build a wall on his own initiative that our elected representatives have chosen not to fund," says William C. Banks, professor of public administration and international affairs. 

A study by Katherine Michelmore, assistant professor of public administration and international affairs, suggests that low-income students are more likely to apply to selective colleges if they’re aware that they can receive financial aid.