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Executive Orders, Judicial Orders, and the Rule of Law

What does President Trump’s executive order on immigration and its aftermath mean for the rule of law? What does President Trump’s executive order on immigration—and...

Could the Fed Have Rescued Lehman Brothers? Q&A with Laurence Ball

A new study argues that the Federal Reserve could have saved Lehman Brothers from bankruptcy, but chose not to, partly because of political pressures.  Eight-and-a-half years ago,...

Financial Trust Index: Americans are Angrier at the Current Economic Situation, Particularly Low-Income Whites

The latest update of the Chicago Booth/Kellogg School Financial Trust Index survey shows that anger at the current economic situation has been growing among...

A House Divided

On the eve of Donald Trump's inauguration as president, the latest update of the Chicago Booth/Kellogg School Financial Trust Index survey finds that Americans are sharply divided on...

Revolving Doors in the Private Sector: Quid Pro Quo or Efficient Market Mechanism?

A new paper by Elisabeth Kempf from the University of Chicago looks into the performance of credit analysts who left to work for investment...

Could Blockchain Technology Alter the Balance of Power Within the Financial System? Q&A with David Yermack

"Blockchain technology is threatening to remake the financial system from the top down in a way that threatens the existence of all the banks,...

Donald Trump’s Economic Policies: Pro-Business, Not Pro-Market

Trump is eliminating lobbyists by putting them in charge of all departments. After his election,((This post was originally published in Il Sole 24 Ore.)) it was...

Managing Political Risk

A recent working paper suggests that firms react to political risk, both passively by cutting investment and employment, and actively by ramping up lobbying efforts. From Trump...

Democracy Against Domination: Overcoming Economic Power and Regulatory Failure in the New Gilded Age

The financial crisis—and the limits of our regulatory response to the crash—offer important lessons for our broader understandings of how to conceptualize and institutionalize...

Watch: Deutsche Bank Whistleblower Eric Ben-Artzi Explains What it Takes to Blow the Whistle on Fraud

Ben-Artzi: "The problem is not that you have misbehavior on Wall Street. It's that you have misbehavior by the people who are supposed to...

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