Trust
Why Business Should Be More Prosocial, and Ten Guidelines for How
Business and economic thought instituted at least since the Reagan revolution in the United States have promoted firms’ narrowly self-interested, profit-maximizing conduct even at the expense of consumers and workers. This paradigm leads to social distrust and insufficient cooperation. Steven C. Salop explains this distortion and proposes 10 guidelines by which firms can self-moderate their behavior to produce prosocial outcomes.
How Trust in Institutions Impacts Monetary Policy
Social trust in democratic institutions affects the ability of those institutions to carry out policy. In new research, Rustam Jamilov shows how decreasing trust in the U.S. institutions has reduced the ability of the Federal Reserve to influence the economy in states that exhibit lower levels of trust.
How Do Cultural Stereotypes Spread Through Multinational Banks?
In new research, Barry Eichengreen and Orkun Saka find that trust, shaped by cultural stereotypes, partially determines how multilateral banks decide which countries’ sovereign...
The Covid-19 Vaccine is Nearly Here. The Question is: Will People Take It?
In addition to the challenges involved in manufacturing and distributing the new Covid vaccine from Pfizer, the reluctance of many Americans to take a...
The Persuasive Effect of Fox News: How Increases in Fox News Viewership Reduced Compliance With Social Distancing Guidelines
Using zip-code level data on Fox News viewership and individual cellphone movement data, a recent study finds that increasing the local viewership of Fox...
How Personal Experiences With Covid-19 Are Changing Americans’ Behaviors and Political Views
While strong divisions persist across party lines, personal experiences with Covid-19, such as loss of income, may affect views and preferences among Americans.
Since April,...
Revenge of the Experts: Will Covid-19 Diminish Trust in Science and Scientists?
It is often argued that the Covid-19 pandemic will reverse the ongoing trend of diminishing trust in science and scientists. A new paper finds...
Americans Report Record Level of Trust in Banks and Big Corporations, But not in the US Government
2019 Chicago Booth/Kellogg School Financial Trust Index increases from 27.6 percent to 33.3 percent, showing the highest level of financial trust from the American...
Public Trust in Government Falls as Government Shutdown Continues
Amid the longest government shutdown in US history, and with no light at the end of the tunnel, the latest Financial Trust Index (FTI)...
