Kellogg on Finance

Not Everyone Benefited from Lower Interest Rates During the Great Recession

The Fed wanted to help struggling homeowners. But new lending rules undermined its efforts.

Anthony DeFusco and John Mondragon

Finance & Accounting

How Blockchain Could Radically Alter Global Finance

The technology underlying cryptocurrencies like Bitcoin is already starting to make its mark.

Robert McDonald, Caitlin Long and Peter Cherecwich

Policy

Does Lowering the Corporate Tax Rate Spur Economic Growth?

Results of a new study have implications for the recent U.S. tax overhaul.

Nir Jaimovich and Sergio Rebelo

Finance & Accounting

Private Equity Helped Firms Weather the Great Recession

A new study shows that debt isn’t always a liability during a financial crisis.

Shai Bernstein, Josh Lerner and Filippo Mezzanotti

Finance & Accounting

Why the Panic of 1907 Led to a Recession

Understanding this history sheds light on the 2008 financial crisis.

Carola Frydman, Eric Hilt and Lily Y. Zhou

Social Impact

The Case for Investing in Green Companies

Sustainably minded firms are more likely to withstand industry shake-ups.

Ravi Jagannathan, Ashwin Ravikumar and Marco Sammon

Organizations

What a Difference a Year (with a Consultant) Makes

A study in Mexico finds that consultants can help small- to medium-sized businesses expand.

Miriam Bruhn, Dean Karlan and Antoinette Schoar

Policy

Measuring the Impact of Dodd–Frank on Household Leverage

The regulation’s attempt to prevent people from taking on mortgages they can’t repay may not work as intended.

Anthony DeFusco, Stephanie Johnson and John Mondragon

Economics

How a Genetically Modified Soybean Helped Modernize an Economy

As Brazil’s farms became more efficient, workers shifted to manufacturing.

Paula Bustos, Bruno Caprettini, Jacopo Ponticelli and Gabriel Garber

Innovation

Everyone Wants Pharmaceutical Breakthroughs. What Drives Drug Companies to Pursue Them?

A new study suggests that firms are at their most innovative after a financial windfall.

Joshua Krieger, Danielle Li and Dimitris Papanikolaou

Finance & Accounting

Which Businesses Are More Likely to Get a Loan During a Credit Crunch?

Banks get picky when cash dries up.

José Maria Liberti and Jason Sturgess

Economics

What Google Is Teaching Economists About Unemployment Insurance

Search data can tell policymakers whether extending unemployment benefits delays job-seeking.

Scott R. Baker and Andrey Fradkin

Policy

Which Voters Want to Expand Medicaid? Maybe Not the Ones You Think

4-year degree-holders tend to be big supporters—even though they are personally unlikely to benefit.

David A. Matsa and Amalia R. Miller

Policy

How to Make Economic Development More Inclusive

Two finance experts discuss the need to tailor strategies to specific underserved communities.

Janice C. Eberly and Don Graves

Careers

Podcast: What Veterans Can Bring to Your Organization

A discussion of how former soldiers make loyal employees and trustworthy CEOs.

Efraim Benmelech, Carola Frydman and Dan Friend