Policy
Larry Summers on Inflation and the Fed’s Attempts to Cool the Economy
In a recent Q&A with Kellogg’s Jan Eberly, Summers is skeptical that the economy can achieve a “soft landing.”
Policy
Tackling Global Poverty Takes More Than Cash
New research points to the power of including psychosocial interventions—such as group problem-solving—alongside economic ones.
Economics
Why Are U.S. Companies Hoarding So Much Cash?
More than anything else, it comes down to taxes.
Economics
How Does Economic Uncertainty Play Out at the Local Level?
Indexing policy uncertainty by state provides new insights—and offers local governments a cautionary tale.
Economics
3 Economic Implications of Russia’s War on Ukraine
“We are seeing a world that’s going to be less than the sum of its parts.”
Economics
When Interest Rates Climb, Some Workers Are Left Behind
When the Fed moves to cool the economy, it can disproportionately hurt female, Black, and less-educated workers in slack labor markets.
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Policy
How Climate Disasters Ripple Through the Labor Market
Environmental crises are increasingly leading workers to migrate. What happens next?
Economics
6 Takeaways on Today’s Economy
A finance professor breaks down the data on inflation, the labor market, and the future of cities.
Economics
Covid Hit in an Era of Broadband and Zoom. How Much Did That Help the Economy?
A new study sheds light on the impact of remote work on GDP in 2020.
Economics
Can Larger Loans Help Small Firms Grow?
Sometimes. But it turns out that lenders are bad at figuring out which businesses will benefit.
Organizations
What Businesses Must Do to Curtail Climate Change
We need to dramatically reduce carbon emissions. This will require a new system of incentives.
Economics
In Some Markets, Competition Can Do More Harm Than Good
A study of the Rwandan coffee industry shows how informal contracts can break down as new competitors enter, resulting in higher costs and lower quality products.
Economics
COVID Has Accelerated These 4 Labor Market Trends
From greater flexibility to higher wages, the workplace is never going to look the same.
Economics
Should Americans Be Worried about Inflation Right Now?
Three economists with opposing views weigh in.
Economics
To Better Measure Economic Uncertainty, Look Beyond the Stock Market
Incorporating news sources, surveys, and even Twitter conversations can help give policymakers more nuanced data.
Economics
The U.S. Economy Is Still Finding Its Footing. But States Are Doing Pretty Well.
Why California is thriving—and even Illinois is on the upswing.
Economics
To Better Measure Economic Uncertainty, Look Beyond the Stock Market
Incorporating news sources, surveys, and even Twitter conversations can help give policymakers more nuanced data.
Economics
The U.S. Economy Is Still Finding Its Footing. But States Are Doing Pretty Well.
Why California is thriving—and even Illinois is on the upswing.
Economics
Measuring COVID’s Devastating Impact on Low- and Middle-Income Countries
Global surveys of more than 30,000 people revealed widespread drops in income, rising food insecurity, and an increase in domestic violence.
Economics
U.S. Firms Are Investing Heavily in Innovation, Yet Economic Productivity Has Slowed. Why?
The answer may lie in how pharmaceutical companies are targeting their R&D spending.
Economics
To Escape Jim Crow–Era Discrimination and Violence, Some Black Men Passed as White. But How Many?
Hundreds of thousands, according to a new study of Census data. Doing so provided some economic benefits but came at a great personal cost.
Policy
With More Stimulus Relief on the Way, Here’s a Look at America’s Covid Economy
A former Treasury official discusses where things stand now—and what the future might bring.
Economics
Why Do COVID-19 Death Rates Differ Wildly from Place to Place?
Researchers were surprised by the variable that best predicted fatalities.
Finance & Accounting
How an Advice Hotline Is Making Farmers in India More Productive
Previous efforts to provide farmers with guidance fell short. But this venture went further.
Economics
How Auctions Help Solve Some of the World’s Most Complicated Problems
Whenever you turn your lights on, query Google, or stream a video on your phone, it’s likely an auction happened in the background. Our faculty discuss the decades of research that helped make auctions so ubiquitous.
Economics
Meet the (Surprisingly Rational) COVID Consumer
Research on initial consumer spending shows that those at higher risk were making safer choices.
Economics
What Is “Auction Theory,” and What Kinds of Questions Can It Answer?
The recent Nobel put the field of auction theory in the spotlight. An economist explains how it works, using his own research as a guide.
Policy
Unpacking the Federal Reserve’s Aggressive Response to COVID-19
A Kellogg professor spent the past year at the Fed. He explains the bank’s “guns-blazing” response—and the limits to these interventions.
Economics
Does Requiring Food-Stamp Recipients to Work Actually Increase Economic Self-Sufficiency?
The answer is increasingly urgent as politicians debate whether to reinstate the requirement, which was paused during the COVID-19 recession.
Economics
White Americans Overestimate Racial Progress. But Certain Attempts to Remedy That Could Backfire.
Researchers hoped that having white participants read about racism would help them grasp the true extent of racial gaps in wealth and income. They were wrong.
Economics
We’re Several Months into the COVID Economy. What Have We Learned?
From household spending to the strength of the dollar, an economist sees some clear trends—and signs of what’s to come.
Economics
Why the Next Round of COVID-19 Aid Should Target Industries That Can’t Work from Home
A new study pinpoints which sectors—and which workers in those sectors—suffered the most. Congress should take note.
Innovation
Want Your Employees to Innovate? Trust Them.
R&D teams take more risks—and do better work—when their CEOs have faith in them.
Policy
The Wrong Way to Ramp Up COVID-19 Testing
Robust testing is key to safely reopening the economy. But a new model shows that if testing is not paired with “smart containment,” it could backfire.
Economics
The Treasury’s Former Chief Economist Takes Stock of the Pandemic’s Economic Impact
Kellogg’s Janice Eberly zeroes in on a few data points that demonstrate the massive challenge policymakers face.
Economics
Here’s How Americans Are Spending Their Stimulus Checks
Real-time data pinpoints what we’re buying, and who’s spending the fastest.