Berkeley

Berkeley Economist Wins Prestigious John Bates Clark Medal

Published

6 years ago

May 10, 2019

Emi Nakamura, a UC Berkeley economist, is this year’s recipient of the prestigious John Bates Clark Medal , widely viewed as second only in prestige to the Nobel Prize in Economic Sciences.

The annual award, announced by the American Economic Association, is given to an American economist under age 40 who is judged to have made the most significant contribution to economic thought and knowledge.

She is the fourth woman to win the medal since its inception in 1947.

Learning she’d won the award “was an amazing moment. Quite overwhelming,” says Nakamura, 38, a Chancellor’s Professor of Economics at Berkeley who joined the faculty last summer.

At a celebration for her this week, Alan Auerbach, chair of the Department of Economics, reminded colleagues of what he’d predicted for her when she first arrived on campus.

“I told her Berkeley would be a very productive place for her, and look what’s happened,” he quipped. “We timed it very well!”

In addition to receiving the John Bates Clark Medal, Nakamura was elected last month to the American Academy of Arts and Sciences and was chosen last December by The Economist as one of the decade’s eight best young economists.

Nakamura says her work seeks to expand the types of data and empirical methods used in macroeconomics to answer big questions, like what causes recessions, and to measure the effects of monetary and fiscal policy on the economy.

“For obvious reasons, we don’t get to run actual experiments in macroeconomics, by, say, raising and lowering interest rates to measure their effects on the economy,” she explains. “But it is increasingly possible to study the microdata that underlie widely-used macroeconomic statistics, such as inflation and the gross domestic product, which opens up the possibility of using methods that couldn’t be used in macroeconomics before.”

Auerbach says Nakamura “uses very detailed data sets, looking beneath the hood a lot more, looking under a microscope at a low level of aggregations, at individual firms and individual products. And that requires a lot more work than just taking data from the Bureau of Economic Analysis and analyzing it.”

An important idea in economics, says Nakamura, is to use “natural experiments” to study the effects of economic policy. One of her most influential papers shows the effects of fiscal stimulus using data on U.S. military build-ups and drawdowns in different states. She found that an extra dollar of spending increases output by $1.50. In its announcement, the American Economic Association noted that this paper “provides an excellent example of work that combines non-structural empirical work with careful, model-based analysis.”

Economics professor Benjamin Hermalin, vice provost for the faculty, says “Emi’s work on price-setting has had a major effect on our understanding and ongoing study of why prices are inflexible in the short run, and the consequences thereof for the economy. Her work on monetary policy is of great importance to thinking about the role of central banks in the economy. And her work on fiscal policy has provided some of the most convincing analyses to date on the effects of fiscal policy on the economy.”

Additionally, says Hermalin, Nakamura’s prize “definitely spills over to the economics department and will make Berkeley more attractive to potential graduate students and other economists we wish to recruit.”

She’s also bringing her new approach to macroeconomic research into the classroom. Currently, Nakamura is teaching a graduate course in empirical macroeconomic methods and running a lunchtime seminar where Ph.D. students can present their dissertation research in an informal setting. Next fall, she’ll be teaching a large undergraduate course for economics majors about the theory and the empirics of macroeconomic policy.

Gretchen Kell, Media relations

Posts by Gretchen Kell, Media relations

Activism

Golden State Warriors Program Is Inspiring Next Generation of Female Engineers

Breaking down barriers and biases that deter young girls from pursuing STEAM subjects is essential for creating a level playing field and ensuring equal opportunities for all. By challenging stereotypes and promoting a culture of inclusivity and diversity in STEAM fields, experts believe young girls can be empowered to pursue their interests and aspirations without limitations confidently. Encouraging mentorship, providing access to resources, and celebrating girls’ achievements in STEAM are all crucial steps in creating a supportive environment that fosters success.

Published

1 month ago

March 23, 2025

Oakland Post

Front Row: UC Berkeley Steel Bridge Team Back Row: Girls, Inc. Participants. Photo courtesy of the Golden State Warriors.

By Y’Anad Burrell

The Golden State Warriors and e-commerce giant Rakuten are joining forces to inspire the next generation of female engineers through Building STEAM Futures, part of The City Calls campaign.

Organizers say the initiative is founded on the idea that science, technology, engineering, arts, and mathematics (STEAM) are crucial fields for innovation and progress, and empowering young girls to pursue careers in these areas is more important than ever. Studies consistently show that girls are underrepresented in STEAM fields, resulting in a gender disparity that limits potential and hinders diversity.

On Saturday, March 8, International Women’s Day, the Warriors and Rakuten hosted 20 middle school girls from Girls Inc. of Alameda County at Chase Center’s Above the Rim for a hands-on bridge-building experience. The young girls from Girls, Inc. of Alameda County had an opportunity to design, build and test their own bridge prototypes and learn the fundamentals of bridge construction from the Engineering Alliance and the UC Berkeley Steel Bridge Team.

This STEAM experience for the girls followed the first session in January, where they took a behind-the-scenes tour of the Golden Gate Bridge, learning about its design and construction from industry experts. The City Calls campaign, tipped off with the unveiling the Warriors’ new bridge-themed City Edition jerseys and court design earlier this year.

Oakland Post

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Lawsuit Accuses UC Schools of Giving Preference to Black and Hispanic Students

The lawsuit also alleges UC is violating the Equal Protection Clause of the 14th Amendment and Title VI of the Civil Rights Act of 1964, which bars racial discrimination by federally funded institutions. In response, UC stated that race is not a factor in admissions, as per state law, and that student demographic data is collected only for statistical purposes.

Published

2 months ago

February 17, 2025

Oakland Post

iStock.

By Bo Tefu, California Black Media

A lawsuit filed in federal court accuses the University of California (UC) of racial discrimination in undergraduate admissions, alleging that Black and Latino students are favored over Asian American and white applicants. The lawsuit, filed by the group Students Against Racial Discrimination, claims UC’s admissions policies violate Proposition 209, a state law passed in 1996 that prohibits the consideration of race in public education.

In response, UC stated that race is not a factor in admissions, as per state law, and that student demographic data is collected only for statistical purposes.

Stett Holbrook, a spokesperson for the UC system, said the entity had not been served with the lawsuit.

“If served, we will vigorously defend our admission practices,” said Holbrook.

“We believe this to be a meritless suit that seeks to distract us from our mission to provide California students with a world-class education,” he said.

The complaint criticizes UC’s use of a “holistic” admissions process, arguing it replaces objective academic criteria with subjective considerations that disadvantage certain racial groups. It cites admission rate disparities at UC Berkeley, noting a decrease in Black student admissions from 13% in 2010 to 10% in 2023, compared to an overall drop from 21% to 12%.

The lawsuit follows the U.S. Supreme Court’s 2023 ruling banning affirmative action in college admissions, which has prompted challenges to race-conscious policies nationwide. The plaintiffs seek a court order preventing UC from collecting racial data in applications and request a federal monitor to oversee admissions decisions.

Oakland Post

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Black History Month in the Bay Features, Parades, Festivals and Speakers

Black History Month did not begin as Black History Month. In 1915 after the 13th Amendment was passed Carter G. Woodson and Jesse E. Moorland founded the Association for the Study of Negro Life and History (ASNLH). This organization sponsored the initiation of a national Negro History Week, which took place in February, the same week as Frederick Douglass’ birthday. During the Civil Rights Movement this transformed into the Black History Month we still celebrate today.

Published

3 months ago

February 1, 2025

Oakland Post

The choir performs at the 2023 Black Joy Parade. Courtesy photo By Daisha Williams.

By Daisha Williams

Black History Month is a month that is centered in teaching, learning, and honoring the journey of Black people in America. Black people in America have faced discrimination, abuse, and every kind of mistreatment. Black History Month is about recognizing not only that history, but how far the community has come despite it, and celebrating Black joy.

Black History Month did not begin as Black History Month. In 1915 after the 13th Amendment was passed Carter G. Woodson and Jesse E. Moorland founded the Association for the Study of Negro Life and History (ASNLH). This organization sponsored the initiation of a national Negro History Week, which took place in February, the same week as Frederick Douglas’ birthday. During the Civil Rights Movement, this transformed into the Black History Month we still celebrate today.

There are many ways that people celebrate Black History Month and as always, the Bay Area has a little bit of everything.

Most popularly, the Eighth Annual Black Joy Parade will be taking place in Downtown Oakland on Feb. 23. The parade will begin at 14th and Franklin Streets at 12:30 p.m. There will be a festival after the parade ends lasting until 7 p.m. This is the largest Black Joy Parade and sure to be a fun time. Schools, community organizations, and performers can sign up to be in the parade by Feb. 6 on the Black Joy Parade website.

In line with the spirit of the month “From Black History to Black Futures” will take place on Feb. 23 from 2-5 p.m. in Vallejo. This event will show the breadth and beauty of Black life through showcasing speakers, artistic performances, and community booths. This free celebration is hosted by a community organization, Vallejo Building Black Power and Leadership, at 4380 Sonoma Blvd suite 224. The organizers ask that attendees register on Eventbrite because of limited space.

Similar events will be happening in San Francisco and San Leandro.

In San Francisco, Thrive City is hosting a free community event that includes performances of all kinds, from music to spoken word, with the headliner being August Lee Stevens. This event will take place at the Dance Mission Theater on Feb. 1 from 12-3 p.m. Though it is free, priority will be given to people who registered on Eventbrite.

In San Leandro, there will be the Black History Month RnB Day Market at 222 Davis St. This family-friendly event will be put on by the Downtown San Leandro Community Benefit District and include live music, dance performances and a fashion show. This free event will be on Feb. 15 from 12-6 p.m.

There are other ways to celebrate this month other than community festivals and block parties. For example, the College of Marin’s Umoja group is putting together a Black History Month Poetry Reading. This event will be free and take place on Feb. 19 from 12:40 to 1:30 p.m.

At the North Berkeley Senior Center there will be a Black History Month celebration hosted by the City of Berkeley, Health, Housing and Community Services, Mental Health Division. Keynote speaker Gigi Crowder, CEO of the Contra Costa County branch of the National Alliance on Mental Illness (NAMI) will be giving a talk on Feb 11 from 10 a.m. to 1 p.m.

A Black History Month celebration with line dancing, music, and food will be in the Richmond Memorial Auditorium on Feb. 22 1-3 p.m. with doors opening at 12:30. This event will be hosted by the City of Richmond and attendees must register in advance. Tickets are $15 and for more details contact 510-620-6793.

Musical expression has always been a vital part of Black culture, and Black people have contributed largely to the development of many music genres. Stockton Soul is honoring Black History Month with an ensemble created to highlight the legacy of Black music with influences like Curtis Mayfield and Isaac Hayes. The concert will be held on Feb. 15 with tickets for only $8 for adults.