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James A. Wilcox - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

James A. Wilcox James A. Wilcox

Professor of the Graduate School | Haas School of Business, University of California, Berkeley

Berkeley, CA, UNITED STATES

Spotlight

Social

Areas of Expertise (8)

Small Business Lending

Bank Mergers and Acquisitions

Banking

Business Conditions

Consumer Spending

Unemployment And Inflation

Federal Reserve Monetary Policy And Interest Rates

Credit Union Failures And Losses

Education (2)

Northwestern University: PhD, Economics

Binghamton University: BA, Economics and History

Honors & Awards (3)

Earl F. Cheit Award for Excellence in Teaching

1997

Earl F. Cheit Award for Excellence in Teaching

1995

Earl F. Cheit Award for Excellence in Teaching

1987

Selected External Service & Affiliations (3)

  • Member, Advisory Board: North American Economics and Finance Association
  • Treasurer and Member, Board of Directors, Cal State 9 Credit Union
  • Economic and financial consulting

Positions Held (1)

Positions Held

1978 – present, Professor, Haas School of Business 2016 – present, Member, Financial Economists Roundtable 2014 – 2016, Member, Board of Directors, VirtualBeam, Inc. 2012 – present, Member, Board of Directors, Finance Scholars Group 2012 – 2015, Chair, Economic Analysis and Policy Group, Haas School of Business 2003 – present, Fellow, Wharton Financial Institutions Center 1999 – 2001, Chief Economist, Office of the Comptroller of the Currency, Washington, DC 1991 – 1992, Economist, Federal Reserve Board 1990 – 1991, Senior Economist, President’s Council of Economic Advisers

Media Appearances (15)

Gov. Newsom to help small businesses struggling during pandemic

KTVU Fox 2  online

2021-05-14

Gov. Gavin Newsom will announce plans on Thursday to help small businesses bounce back from the pandemic and expected inflation. Prof. James Wilcox said that inflation is not a surprise as the economy reopens, and he expects that the economy will become stronger as the year progresses.

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Economy’s rough road to recovery after dismal 2020

KTVU Fox 2  online

2021-01-03

Prof. James Wilcox said that the Biden administration should target future stimulus checks to households that will actually spend them—primarily low-income workers and women. "We can direct much more of our help to those who really need it," he said.

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How the proposed stimulus deal would impact Bay Area families

KRON4  online

2020-12-23

Prof. James Wilcox said the new stimulus package could help American workers. “...A lot of the lower-paid workers are in service-related industries, in real person-to-person jobs. They got hurt a lot worse than many of the white-collar and other jobs that were able to be done from home,” he said.

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Unemployed in search of relief amid pandemic fallout

Fox News  online

2020-12-16

People around the country are unemployed and hoping for more prosperous times. But Prof. James Wilcox said it's not so easy to get people back to work. "The economy is not strong enough now to hire these people, certainly not in their prior jobs nor, in many cases, in many other useful jobs," he said.

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Former colleague of Janet Yellen reacts to her historic nomination

KTVU Fox 2  online

2020-11-30

Prof. James Wilcox says Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor Emeritus of Business Administration, is the best person Pres. Elect Biden could pick for Treasury Secretary. "I think it was a confidence-inspiring move, because she’s respected both at home and abroad," he said. "She’s respected both in financial markets and in the rest of the economy."

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California, Engine of U.S. Economy, Reeling From Double Blow of COVID-19 and Wildfires

Newsweek  online

2020-09-18

Wildfire smoke is an additional disruption to the California economy, said Prof. James Wilcox. "Restaurants, travel, lodging, visits to the Napa wine country, visits to the California coast in Los Angeles... this is another hit to that whole industry, an industry that's already been hit pretty hard by the pandemic."

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Virus talks on brink of collapse, sides still 'far apart'

KTVU Fox 2  online

2020-08-07

Time is critical for the government to extend COVID-19 relief, says Prof. James Wilcox. "Certainly we’re going to need more of these safety net measures before the end of this year. If we don’t have them, we’ll have another recession much worse than the one this spring."

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Slight decrease in California unemployment claims as numbers rise nationwide

KTVU Fox 2  online

2020-07-30

From April to June, the U.S. economy shrank by a shocking 33 percent annualized, said Prof. Jim Wilcox. "We've never seen such a sudden, huge drop like this in a single quarter," he said.

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KPIX Investigation Reveals Paycheck Protection Program Is Vulnerable To Fraud

KPIX5 CBS  online

2020-07-24

An investigation on PPP loans finds that some went out to businesses with major red flags and some to businesses that don't even exist. "One of the rules of the PPP program is you can only get one loan," said Prof. James Wilcox. "So if you see multiple loans under the PPP program going to what looks like one source, this would certainly get your attention and be a reason to investigate."

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GOP outlines priorities for next coronavirus relief bill

KTVU Fox 2  online

2020-07-21

A bill that offers help to local governments as well as businesses is crucial, said Prof. James Wilcox. "What we really want to prevent is either households or businesses, or even state or local governments, from tumbling into such serious financial trouble that they're effectively bankrupt," he said.

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Congress faces pressure to deal with ‘roller coaster recovery’ amid pandemic

Politico  online

2020-07-15

Any hope that California’s recovery would be quick has fizzled as the pandemic numbers worsen and the brief psychological and economic lift of reopening has passed, said Prof. James Wilcox. Even for the businesses that have made it through so far, "there’s a limit to how many months they can survive without operating at some reasonable level."

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Anger over PPP greed is justified. It also might not matter as much as the results

The Tacoma News Tribune  online

2020-07-11

According to James A. WIlcox, an economics professor at the University of California Berkeley Haas School of Business, the speed with which the federal Small Business Administration started administering PPP loans was “astounding.”

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Almost 1 in 6 Californian workers is unemployed

San Francisco Chronicle  online

2020-06-19

Federal money distributed through the Paycheck Protection Program is expected to run out soon. "If it doesn’t run out this month, it will run out next month," Prof. James Wilcox said of the federal loan fund. "How many of those people get dumped on unemployment we just don’t really know."

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Investors Largely Tune Out Jobs Report but Dow Closes on a Low

Courthouse News  online

2020-05-21

Unemployment numbers continue to weigh down the economy, but the data is harder to interpret than usual. "In a lockdown, how many people are actually looking for jobs or can look for jobs?" asked Prof. James Wilcox. He added that he expects the unemployment rate to come down "maddeningly slowly" in the coming months.

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Coronavirus Pandemic: Uncertainty over kickstarting the economy after COVID-19

ABC7  online

2020-05-15

"This is a huge, huge blow. This is the worst economic calamity to hit our economy," said Dr. James Wilcox, an economist and professor at UC's Haas School of Business.

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Selected Papers & Publications (5)

Government Guarantees of Loans to Small Businesses: Effects on Banks’ Risk-Taking and Non-Guaranteed Lending

Journal of Financial Intermediation

James A.Wilcox, Yukihiro Yasuda

2018

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The Home Purchase Sentiment Index: A New Housing Indicator

Business Economics

James A. Wilcox

2015

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Regime Shifts in Real Estate Markets: Time-Varying Effects of the U.S. and Japanese Economies on House Prices in Hawaii

Real Estate Economics

James A. Wilcox, John R. Krainer.

2013

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A Way to Make People Buy Homes Again

The New York Times

James A. Wilcox

2012

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Underwriting, Mortgage Lending, and House Prices: 1996 – 2008

Business Economics,

James A. Wilcox

2009

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Teaching (1)

Macroeconomics

UGBA 101B