Senior economist and Adjunct Professor Jerry Nickelsburg joined the venerable UCLA Anderson Forecast in 2006. He is responsible for analyzing and forecasting the California economy, not only for use by others for budgetary purposes, but also to bring independent policy issues to the fore.
Nickelsburg has conducted special studies into the future of manufacturing in Los Angeles, the distribution of income, the economic impact of the writers’ strike, the aerospace industry, the undocumented construction and manufacturing labor force, the ports of Los Angeles and Long Beach, and the garment industry, focusing on the development of new data and the application of economic theory and statistical methods to sector-specific issues. In his role as senior economist, he is a regular presenter at economic conferences and is regularly cited in international media such as the Financial Times, Wall Street Journal, New York Times, Los Angeles Times and Reuters.
In addition to his responsibilities with the Forecast, Nickelsburg teaches a variety of core economic courses as well as international business classes focused on Asia. He frequently travels internationally with Anderson students participating in the school’s various global immersion programs. “Asia is the most dynamic region in the world,” says Nickelsburg. “What’s exciting is that it changes every year and provides content to apply our intuition and feeling to ascertain risks and opportunities.”
Nickelsburg’s current areas of independent research include transportation and environmental economics and the relationships between highly skilled persons and their demand for social insurance. For the former, his work seeks to uncover how transportation infrastructure and prices affect the geographical and environmental landscape of the economy. As to the latter, Nickelsburg says, “We’ve been looking at declining industries like coal and whether economics or philosophical factors dominate one’s preference for government programs.”
He received his Ph.D. in economics from the University of Minnesota in 1980, specializing in monetary economics and econometrics, and was a professor of economics at the University of Southern California. He has held executive positions with McDonnell Douglas, Flight Safety International and Flight Safety Boeing during a 15-year span in the aviation business. He also held a position with the Federal Reserve Board of Governors developing forecasting tools and has advised banks, investors and financial institutions.
From 2000 to 2006, Nickelsburg was the managing principal of Deep Blue Economics, a consulting firm he founded. He has been the recipient of the Korda Fellowship, was a USC Outstanding Teacher and India Chamber of Commerce Jubilee Lecturer, and is a Fulbright Scholar. He has published over 100 articles on monetary economics, economic forecasts and analysis, labor economics, and industrial organization and he is the author of two books on monetary economics and exchange rates.
Nickelsburg also writes a monthly column for Zocalo: The Public Square, an online publication, and can be followed on Twitter @jnickelsburg.