Lee Ohanian

Senior Fellow
Biography: 

Lee E. Ohanian is a senior fellow at the Hoover Institution and a professor of economics and director of the Ettinger Family Program in Macroeconomic Research at the University of California, Los Angeles (UCLA).

He is associate director of the Center for the Advanced Study in Economic Efficiency at Arizona State University and a research associate at the National Bureau of Economic Research, where he codirects the research initiative Macroeconomics across Time and Space. He is also a fellow in the Society for the Advancement of Economic Theory.

His research focuses on economic crises, economic growth, and the impact of public policy on the economy. Ohanian is coeditor of Government Policies and Delayed Economic Recovery (Hoover Institution Press, 2012). He is an adviser to the Federal Reserve Banks of Minneapolis and St. Louis, has previously advised other Federal Reserve banks, foreign central banks, and the National Science Foundation, and has testified to national and state legislative committees on economic policy. He is on the editorial boards of Econometrica and Macroeconomic Dynamics. He is a frequent media commentator and writes for the Wall Street Journal, Forbes, and Investor’s Business Daily. He has won numerous teaching awards at UCLA and the University of Rochester.

He previously served on the faculties of the Universities of Minnesota and Pennsylvania and as vice president at Security Pacific Bank. He received his undergraduate degree in economics from the University of California, Santa Barbara, and his PhD in economics from the University of Rochester.

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Recent Commentary

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Area 45: Lee Ohanian: Blue State, Red Ink

interview with Lee Ohanianvia Area 45
Saturday, May 9, 2020

The poor tax and fiscal choices that are partially responsible for the Golden State finding itself awash in red ink.

Interviews

Lee Ohanian: Inhumane LA Homeless Housing At $700/Sq Ft (Higher Than Manhattan Luxe)

interview with Lee Ohanianvia The John Batchelor Show
Thursday, May 7, 2020

Hoover Institution fellow Lee Ohanian discusses his California on Your Mind article "At $700 Per Square Foot, New Homeless Sheds Top Luxury Housing Costs."

HousingFeatured

At $700 Per Square Foot, New Homeless Sheds Top Luxury Housing Costs

by Lee Ohanianvia California on Your Mind
Tuesday, May 5, 2020

San Jose recently completed 40 “tiny houses” that will provide temporary housing for 40 homeless people at a cost of $2.2 million, or about $55,000 per 8-by-10-foot prefabricated tiny house. Each unit, which appears to be a gussied-up storage shed, has a single bed, a desk and chair, and a couple of shelves. Communal bathroom and kitchen facilities are nearby, along with a computer room, a lounge, and a dog park.

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Area 45: Lee Ohanian: California Beaches Closed, (Tax) Tsunami Warning

interview with Lee Ohanianvia Area 45
Friday, May 1, 2020

Orange County lawmakers and an unsustainable state spending spree.

EconomyFeatured

California’s Coming Tax Tsunami

by Lee Ohanianvia California on Your Mind
Tuesday, April 28, 2020

A tax tidal wave is coming to California. And almost certainly to most other states. The only questions are how soon and how big. For California, it will be sooner rather than later, and bigger rather than smaller. And if you think California taxes are high now, just wait.

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Area 45: Lee Ohanian: California’s Great Depression 2.0

interview with Lee Ohanianvia Area 45
Friday, April 24, 2020

When will California’s economy restart?

Interviews

Lee Ohanian: California's Rainy Day Fund Is Gone In The Great Depression #In-the-Time-Of-The-Viirus & What Is To Be Done?

interview with Lee Ohanianvia The John Batchelor Show
Thursday, April 23, 2020

Hoover Institution fellow Lee Ohanian discusses his California on Your Mind article "California Cannot Sustain Great Depression 2.0 Much Longer."

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California Cannot Sustain Great Depression 2.0 Much Longer

by Lee Ohanianvia California on Your Mind
Tuesday, April 21, 2020

Between mid-March and mid-April, California obliterated all its job growth of the last decade. More than 3.1 million California workers filed for unemployment over this four-week period, which has increased the state’s unemployment rate to at least 17 percent. Continued job loss over the last week may have pushed it up to 20 percent or more. California, and nearly all other states, are experiencing economic declines that we have not seen since the 1930s.

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A Taxation Dead End

by Lee Ohanianvia Hoover Digest
Monday, April 20, 2020

High taxes on capital gains do harm twice over: they lower investment and provoke capital flight.

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Area 45: Lee Ohanian: California’s COVID Economy

interview with Lee Ohanianvia Area 45
Friday, April 17, 2020

How best to bring California’s economy back to life?

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