Policy & the Economy
March 2, 2020
When Do Open Borders Make Economic Sense?
A new study provides a window into the logic behind various immigration policies.
João Guerreiro, Sergio Rebelo and Pedro Teles
January 2, 2020
Do Doctors Who Supervise Residents Spend Less Time with Patients?
Data from two ERs suggest that patients at teaching hospitals aren’t losing out on face time with senior physicians.
Ernest Wang, Yue Yin, Itai Gurvich, Morris Kharasch, Clifford Rice, Jared Novack, Christine Babcock, James Ahn, Steven Bowman and Jan A. Van Mieghem
January 2, 2020
Predicting Exchange Rates Is Hard. Could Dusting Off an Old Technique Help?
Investors take note: the “real exchange rate” may be a more accurate long-term forecaster than economists thought.
Martin Eichenbaum, Benjamin Johannsen and Sergio Rebelo
December 2, 2019
Two Ways the Economy Could Have Recovered Faster after the Great Recession
Doubling down on these monetary policies could help combat future financial crises.
Janice C. Eberly, James Stock and Jonathan Wright
December 2, 2019
What’s Causing Wage Stagnation in America?
Previous explanations pointed to globalization and automation. But research shows that employer concentration is also to blame.
Efraim Benmelech, Nittai K. Bergman and Hyunseob Kim
November 4, 2019
Dozens of New Terrorist Organizations Emerge Each Year. Which Ones Will Become Most Dangerous?
A new tool gets at the answer using the same techniques that investors use to evaluate startups.
Yang Yang, Adam Pah and Brian Uzzi
November 1, 2019
How Dodd-Frank Made Commercial Mortgage Loans Safer
The financial reform bill increased the cost of certain loans, but lowered the risk of default.
Craig Furfine
November 1, 2019
India’s Economy Is Slowing Down. What Happens Next?
The country’s chief economic advisor discusses how labor, trade, and energy factor into the country’s economic outlook.
Benjamin F. Jones and Krishnamurthy Subramanian
November 1, 2019
How Raising the Sales Tax Could Help Fight a Recession
New research points to a counterintuitive new tool to spur spending.
Lorenz Kueng, Scott R. Baker, Brian Melzer and Leslie McGranahan
October 4, 2019
Would "Medicare for All" Really Reduce Healthcare Costs in the U.S.?
Single payer drives significant savings in countries like Canada. But new research suggests it might play out differently in the U.S.
Jillian Chown, David Dranove, Craig Garthwaite and Jordan Keener
October 4, 2019
Companies Are Shifting Investment Away from Physical Capital, with Far-Reaching Consequences
Buildings and machinery are out. Software, IP, and research are in. Here’s why it matters.
Nicolas Crouzet and Janice C. Eberly
October 3, 2019
No, Extended Warranties Are Usually Not Worth It
So why do so many people keep buying them?
Jose Miguel Abito and Yuval Salant
September 19, 2019
Is Maximizing Shareholder Value a Thing of the Past?
Top CEOs recently “redefined” the purpose of a corporation. Kellogg faculty weigh in.
Carola Frydman, Ravi Jagannathan, Robert Korajczyk, José Maria Liberti and Aaron Yoon
September 3, 2019
Daughters’ Math Scores Suffer When They Grow Up in a Family That’s Biased Towards Sons
Parents, your children are taking their cues about gender roles from you.
Gaia Dossi, David Figlio, Paola Giuliano and Paola Sapienza
September 3, 2019
Some High-Frequency Trading Strategies Can Damage the Stock Market’s Health
But a small tweak to how trading orders are processed could help.
Markus Baldauf and Joshua Mollner
August 19, 2019
Why Antitrust Regulators Don’t Scare Big Tech
A business law expert explains why the market is more likely than the government to rein in Apple, Amazon, Facebook, and Google.
R. Mark McCareins
August 14, 2019
The Business Case for Comprehensive Immigration Reform
Two economists propose a bipartisan immigration overhaul, with an eye towards the future of the labor force.
Benjamin Harris and Douglas Holtz-Eakin
August 13, 2019
When People Think Their Neighbors Support Trump, They’re More Likely to Express Anti-immigrant Views
Social norms are powerful—but fluid. A study of the 2016 election shows how they can change.
Georgy Egorov, Leonardo Bursztyn and Stefano Fiorin
August 1, 2019
China Weathered the Global Recession with an Aggressive Stimulus Package. But Did It Prop Up the Wrong Firms?
A cautionary tale about the unintended consequences of credit expansion.
Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
July 1, 2019
Should Antitrust Laws Really Be Changed, or Should We Just Enforce the Laws We Have?
A presidential assassination brought the trust-busting Teddy Roosevelt to power. The episode offers lessons for today’s antitrust regulators.
Richard Baker, Carola Frydman and Eric Hilt
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