Ross Levine

Ross Levine

Biography: 

Ross Levine, Willis H. Booth Chair in Banking and Finance at the Haas School of Business, University of California, Berkeley, research associate at the NBER, and member of the Council on Foreign Relations, his work straddles two interrelated themes: the role of innovation in improving living standards and the role of laws and regulations in facilitating—and impeding—innovation and economic growth. His two most recent books, Rethinking Bank Regulation: Till Angels Govern and Guardians of Finance: Making Regulators Work for Us, stress that regulatory policies often stymie competition, with deleterious effects on productivity growth and living standards. Levine has published more than 100 scholarly articles and advises governments, central banks, and multi-lateral organizations. While at the World Bank, Levine managed and conducted research and operational programs on productivity growth, legal systems influence on technological progress, and financial regulation. Click here for more information.

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Recent Commentary

Featured

Answering The Multitrillion-Dollar Question On Bank Regulation

by Stephen Haber, Ross Levinevia The Hill
Saturday, September 23, 2017

Treasury Secretary Steven Mnuchin and many others argue that the regulatory response to the 2008 financial crisis in the form of the Dodd-Frank Act has burdened banks with costly regulations that slow growth and hurt American workers.

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An Empirical Examination of Patent Hold-Up

by Alexander Galetovic, Stephen Haber, Ross Levinevia IP2 Working Paper Series
Monday, March 30, 2015

IP² Working Paper No. 15010 - A large literature asserts that standard essential patents (SEPs) allow their owners to “hold up” innovation by charging fees that exceed their incremental contribution to a final product.

The Federal Reserve
Analysis and Commentary

The Federal Reserve's Too Cozy Relations With Banks

by Stephen Haber, Ross Levinevia Wall Street Journal
Tuesday, September 9, 2014

Working at the Fed shouldn't be an audition for a Wall Street job. Waiting periods and other reforms are needed.

Patent Applications
Analysis and Commentary

The Myth Of the Wicked Patent Troll

by Stephen Haber, Ross Levinevia Wall Street Journal
Sunday, June 29, 2014

There's a movement afoot to reform the U.S. patent system to combat "patent trolls," businesses that buy patents from inventors and then sue firms that use them without payment.

Patent Holdup: Do Patent Holders Holdup Innovation?

by Stephen Haber, Ross Levinevia IP2 Working Paper Series
Wednesday, May 7, 2014

IP² Working Paper No. 14011 - President Obama and Congress have recommended major patent reforms based on the belief that the patent system allows patent holders to holdup the commercialization of complex technologies.

Financial Innovation and Endogenous Growth

by Ross Levine, Stelios Michalopoulos, Luc Laevenvia IP2 Working Paper Series
Tuesday, January 21, 2014

IP² Working Paper No. 14002 - We model technological and financial innovation as reflecting the decisions of profit-maximizing agents and explore the implications for economic growth. We start with a Schumpeterian model where entrepreneurs earn profits by inventing better goods and financiers arise to screen entrepreneurs. A novel feature of our model is that financiers also engage in the costly, risky, and potentially profitable process of innovation: Financiers can invent more effective processes for screening entrepreneurs.