Finance

Loose Policies Around Close Elections Highlight the Political Limits of Macroprudential Regulation

What can policymakers do to prevent future financial crises? An emerging consensus holds that so-called macroprudential regulation is key: policies that aim to mitigate...

Editors’ Briefing: This Week in Political Economy (July 27–August 4)

Apple hits the coveted $1 trillion mark—thanks to share buybacks; Senator Mark Warner’s proposals to regulate social media platforms make waves; Google is reportedly...

Do Wages in High-Earning Sectors Always Reflect Skills?

Did the soaring wages in finance go in hand with a better selection of talented individuals into the sector? The evidence suggests no. In the...

Wider and Direct Access to Financial Market Infrastructure Is the Next Step for a More Competitive Financial Market

The potential impact of Europe's revised Payment Services Directive, known as PSD2, should not be underestimated, as banks adapt to a flatter and more competitive...

Where Will the Crypto Craze Lead? A Venture Capitalist’s View

Can individual cryptocurrencies be programmed with stability in mind and if so, could a plethora of cryptocurrencies exhibit, in the aggregate, stable behaviors?     By now,...

How Regulation Subsidizes Big Finance

If you want to understand how the US economy is producing big gains for those at the top and stagnation for everybody else, the...

Did US Banks Try to Manipulate the Dodd-Frank Debate by Delaying Mortgage Foreclosures?

Did banks delay foreclosures on delinquent mortgages in the districts of House Financial Services Committee members prior to the passage of the Dodd-Frank Act?     The...

Who Is to Blame for the 2008 Financial Crisis?

The IGM Center at the University of Chicago has asked its American and European economist panel to rate the main causes of the financial...

To What Extent Do Political Considerations Affect Finance?

In June, the Stigler Center brought together top academics for a conference on the impact of politics on finance. Ahead of our second annual...

Eliot Spitzer: The Democratic Party Has Become the Party of the Status Quo

Former New York governor Eliot Spitzer talks about antitrust, digital platforms, economic concentration, and regulatory capture. Part 2 of 2.      In the first part of...

LATEST NEWS

The Fall of American Manufacturing and the Rise of Health Care

In an excerpt from his new book The Next Shift, University of Chicago historian Gabriel Winant explores how deindustrialization and the decline...

Antitrust and the FTC: Franchise Restraints on Worker Mobility

As currently formulated, antitrust’s rule of reason approach is not the best tool to deal with vertical noncompete agreements that limit worker...

How to Make the Market for Real Estate Agents More Competitive

Delinking buyer and seller commissions will make markets for real estate agent services more competitive, allowing buyers and sellers to negotiate commissions...

Dislocation, Dislocation, Dislocation: Covid, the Retail Crisis, and REITs

In an excerpt from his new book Retail Recovery, retail expert and author Mark Pilkington explores the impact of the sector's decline...

Addressing Climate Change Must Begin with Verifiable Carbon Accounting

Robert Kaplan and Karthik Ramanna propose a new approach for verifiable accounting on indirect corporate emissions that would apply to all corporations,...