MIT alumnus Ilan Goldfajn has been nominated to serve as the next president of Brazil’s central bank, Luciana Magalhaes and Rogerio Jelmayer report for The Wall Street Journal. They note that Goldfajn “has worked as a consultant for international organizations such as the World Bank, the International Monetary Fund and the United Nations.”
Financial Times reporter Tim Harford writes about the Billion Prices Project, which was started by Profs. Alberto Cavallo and Roberto Rigobon in an effort to better understand inflation by gathering price data from online retailers. Harford writes that the project’s “approach to inflation is also helping us to understand the fundamental question of why recessions happen.”
A new paper co-authored by Economics Prof. David Autor looks at the impact of China on the polarization of US politics. “Voters in places that were more exposed to competition from Chinese imports became more likely to elect lawmakers with more extreme views between 2002 and 2010,” notes The Washington Post’s Max Ehrenfreund.
A new study by MIT researchers finds that student use of personal computing technology in classrooms has a negative effect on academic performance, reports Richard Adams for The Guardian. “The researchers suggested that removing laptops and iPads from classes was the equivalent of improving the quality of teaching,” writes Adams.
A new study co-authored by Prof. David Autor examines how manufacturing job losses caused by trade have contributed to the current political discord, reports Nelson Schwartz and Quoctrung Bui for The New York Times. “There are these concentrated pockets of hurt,” explains Autor, “and we’re seeing the political consequences of that.”
Prof. David Autor speaks with NPR’s Chris Arnold about trade deals, the presidential election, and how trade with China has impacted American workers. Instead of criticizing trade deals, Arnold notes that Autor would like the national conversation to “focus on what can be done to help workers who've been displaced by trade.”
Prof. Jonathan Gruber writes for WBUR about health care reform in Massachusetts. Gruber notes that reforms, "raised insurance coverage, improved health and financial security, improved the efficiency of health care, lowered premiums in the non-employer market, and had no meaningful impact on employer-provided insurance coverage or premiums.”
Grad student Michael Stepner speaks with Peter O’Dowd of Here & Now about his research examining how the life expectancy gap between the rich and poor has grown. Stepner explains the research suggests an opportunity for local “policies to address these gaps and improve life expectancies for low-income Americans.”
Emily Badger and Christopher Ingraham write for The Washington Post about a study by MIT researchers that examines how poverty impacts life expectancies across the country. “What's especially striking is that the poor live even shorter lives in some places than others. They have longer life expectancies in affluent, cities with highly educated populations,” they explain.
A new study co-authored by MIT researchers finds that people who live in expensive, well-educated cities tend to live longer, reports Jim Zarroli for NPR. Zarroli explains that “the study suggests that the relationship between life expectancy and income is not iron-clad, and changes at the local level can make a big difference.”
Bloomberg News reporter John Tozzi writes about a new study co-authored by MIT researchers that finds a growing disparity between the life expectancies of rich and poor Americans. The researchers found that, “top earning Americans gained 2 to 3 years of life expectancy between 2001 and 2014, while those at the bottom gained little or nothing.”
In an article for Reuters, James Saft writes that MIT researchers have found that analyzing Twitter sentiment can provide useful information for investors. “We exploit a new dataset of tweets referencing the Federal Reserve and show that the content of tweets can be used to predict future returns,” Prof. Andrew Lo and grad student Pablo Azar explain.
In an article for The Boston Globe, Prof. Emeritus Richard Schmalensee writes that policies should be enacted in Massachusetts that make solar power cost-effective for all consumers. Schmalensee writes that, “public policies must place a greater emphasis on rewarding the lowest-cost sources of solar electricity.”
In an article for BloombergView, Noah Smith highlights a paper by Prof. Deborah Lucas that found that “federal lending did as much as the American Recovery and Reinvestment Act of 2009 to stimulate demand and keep the economy from crashing.”
Reuters reporter Svea Herbst-Bayliss writes that in her remarks at MIT, Madame Christine Lagarde, managing director of the IMF, spoke about steps that could be taken to tackle climate change. "If subsidies were removed and carbon prices set properly now and taxed that would go a long way in addressing the climate change issues the world is facing,” says Lagarde.