Jerry Nickelsburg Named Director of the UCLA Anderson Forecast

The Forecast Members

UCLA Anderson Forecast Announcement

Jerry Nickelsburg Named Director
of the UCLA Anderson Forecast

LOS ANGELES, July 31, 2017 — UCLA Anderson School of Management Adjunct Full Professor Jerry Nickelsburg has been named director of the UCLA Anderson Forecast, effective July 1, 2017. He succeeds Distinguished Professor Edward E. Leamer, who has led the Forecast since 2000. In addition to continuing to teach at UCLA Anderson, Leamer will lead a comprehensive study of the effects of the higher minimum wage enacted by Los Angeles in 2015.

Nickelsburg joined the UCLA Anderson Forecast in 2006 as a senior economist, focusing on the California economy. He has played a key role in the Forecast team’s economic modeling and forecasting of the U.S. and California economies, as well as those of Los Angeles, the Southern California region and the Bay Area. He has conducted studies on such topics as the aerospace industry and the future of manufacturing in Los Angeles, and is a frequent presenter at economic conferences.

“The UCLA Anderson Forecast represents not just UCLA but the entire UC system in providing independent analyses and forecasts for the university, the region and the state,” said Nickelsburg. “My goal is to continue the vision of Professor Leamer in expanding the breadth and scope of the Forecast while maintaining its high standard of quality.”

In addition to his role at the Forecast, Nickelsburg will continue to teach economics in UCLA Anderson’s MBA and global immersion programs. He has published numerous research papers and written more than 100 articles on monetary economics, economic forecasts and analysis, labor economics, and industrial organization. He is also the author of two books on monetary economics and exchange rates.

He received his Ph.D. in economics from the University of Minnesota, specializing in monetary economics and econometrics, and was formerly a faculty member of the Department of Economics at the University of Southern California. Before joining UCLA Anderson, Nickelsburg spent 20 years working in private industry, including eight years at McDonnell Douglas. He also founded a consulting firm, Deep Blue Economics, and served as its managing principal.

After serving as assistant and associate professor at Harvard University, Leamer joined the UCLA faculty in 1975 as professor of economics. In 1990 he moved across campus to UCLA Anderson and was appointed to the Chauncey J. Medberry Chair in Management, which he continues to hold. He is a fellow of the American Academy of Arts and Sciences and a fellow of the Econometric Society. He earned a B.A. in mathematics from Princeton University and an M.A. in mathematics and a Ph.D. in economics from the University of Michigan.

Under Leamer’s direction, the UCLA Anderson Forecast has become one of the most widely watched and respected economic outlooks for California and the nation. During his tenure, the Forecast uniquely predicted both the seriousness of the early 1990s downturn in California and the strength of the state’s rebound since 1993. The Forecast was also credited as the first major U.S. economic forecasting group to predict the recession of 2001. In a special release on September 12, 2001, the Forecast correctly anticipated that the 9/11 attacks were unlikely to have a major effect on the evolution of the recession. In June 2002, Leamer began warning about a momentum-driven, overheated housing market that he said was certain to cause problems for the economy in the future.

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UCLA Anderson Forecast
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UCLA Anderson Forecast