Finance

A look at Dodd-Frank’s impact

As protests erupt on the streets of America and the world, current power structures no longer feel tenable. Can this popular uprising break the neoliberal grip on the state and create lasting structural change that will empower the disenfranchised?

We find empirical evidence that changes in market sentiment drive unforeseeable change in how stock returns unfold over time, thereby engendering Knightian uncertainty.

We reveal a novel channel through which market participants’ sentiment influences how they forecast stock returns: their optimism (pessimism) affects the weights they assign to fundamentals.

What ails the EU Green Deal is exactly what troubles the Union in general — an absence of social democracy at work

Dr. Chen Long, Director of the Luohan Academy, explains why the digital revolution is so different from the industrial revolution

The European Commission, the European Central Bank, and the IMF are the continent’s austerity police

Stock buybacks are giveaways for greedy investors at the expense of everyone else.

How Investor-owned Physician Practices Are Driving up Healthcare Costs

Risky lending took down the global economy in 2008. Tracking it now is a vital job for economists, says Juliane Begenau

We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks.

When the stock market grows faster than the housing market, the gains of the top 1% outpace those of the middle class

Richard Vague and Rob Johnson discuss the role of excessive lending in causing financial crises throughout history