Galina Hale

Jan 19, 2024 | equities.com | Galina Hale

Discover: The free market, in theory, may punish companies that discriminate. Still, the market is powerless when consumers are the ones who value discrimination. During the years of lunch-counter sit-ins, business owners worried that serving Black customers would alienate racist white customers, and that the losses from white consumers could outweigh the gains from serving Black customers.

Dec 17, 2023 | econofact.org | Craig Garthwaite |Amanda Starc |Galina Hale |Joshua Gottlieb

These two provisions of the IRA should provide meaningful steps to address high and rising prices of prescription drugs, but do so in quite a blunt way that could negatively affect incentives to invest in future drugs. It should be recognized that actions to reduce drug prices almost always involve a tradeoff between lower costs today against more limited access and reduced incentives to develop better drugs for the future.

Nov 30, 2023 | econofact.org | Galina Hale |Karen Dynan |Michael Klein |Francesc Ortega

· University of California, Santa Cruz Many of the mitigation solutions needed to limit further climate change by reducing greenhouse gas emissions already exist. There are also many existing strategies to protect people, property, and nature from the damages that are already occurring and are likely to get worse, so-called “adaptation solutions” — such as fire and flood abatement strategies.

Sep 20, 2023 | econofact.org | Kenneth N. Kuttner |Galina Hale |Michael Klein |Daniel Bergstresser

· Williams College Consumer prices rose 3.7% from August 2022 to August 2023. While inflation still exceeds pre-pandemic levels and the Federal Reserve’s two percent target, it has fallen dramatically from its June 2022 peak of 8.9 percent on a year-over-year basis, the steepest drop on record that has not been associated with a recession. The rapid deceleration contradicts the predictions of those who believed that a rise in unemployment would be necessary to reduce inflation.

Sep 12, 2023 | econofact.org | Galina Hale |Andrew Zimbalist |Menzie Chinn |Francesc Ortega

climate change climate change The effects of climate change are becoming more apparent in the increasing frequency of heat waves, floods, hurricanes, and wildfires worldwide. Yet climate action is still lagging behind the Paris climate goals of keeping the average global temperature increase below 1.5 degrees C. Substantial gains have been made in emission-free energy generation and electric transportation and appliances, although they are still insufficient to keep us on track.