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Economics

Can Industrial Policy Help Revive Struggling Regions?

A new paper co-authored by Yale SOM’s Cameron LaPoint looks at an effort in 1980s Japan to narrow economic inequalities between geographic regions, in order to understand the potential impact of the similar U.S. CHIPS and Science Act, enacted in 2022.

President Joe Biden with a quantum computer during a tour of an IBM facility in Poughkeepsie, New York, in 2022.
  • Narrative Economics: How Stories Go Viral

    Nobel Prize-winning Yale economist Robert Shiller examines how the stories we tell about our lives and our society can spread from person to person, changing shared perceptions of events and shaping economic behavior.

    Robert Shiller superimposed over images of newspapers from during the global financial crisis
  • How Should Companies Fuel Word of Mouth?

    New research finds that offering a free tier or giving existing customers bonuses for making referrals—or a combination—can be effective, depending on the size of the audience and whether the project has a social aspect.

    A vintage illustration of women talking through a tube
  • Faculty Viewpoints: The Macroeconomic Outlook

    In an online event hosted by Yale SOM’s Economic Development Club, Peter Schott and Lorenzo Caliendo, both professors of economics at Yale SOM, walked through some of the macroeconomic implications of the COVID-19 pandemic.

     A mostly empty Times Square in New York City
  • Time to Put on a Mask

    A team of Yale researchers says we should all be wearing cloth masks, but give the surgical masks to healthcare workers.

    Two women wearing cloth masks color-coordinated with their clothes
  • When Corporate Acquisitions Affect Healthcare

    Companies often purchase competitors, not to acquire their ideas and products, but to shut them down. A recent report raised questions about whether such an acquisition may be partially responsible for a shortage of ventilators in the United States.

    A nurse standing next to a hospital bed and ventilator
  • Making Sense of A Record-Breaking Wave of Unemployment Claims

    A greater share of Americans filed for unemployment insurance in the week ending March 21 than in any prior week in American history. We asked Yale SOM's Paul Goldsmith-Pinkham for his perspective on this alarming statistic.

    Jessie Morancy, a former wheelchair and customer service agent at Fort Lauderdale–Hollywood International Airport, filing unemployment benefits on March 27 after being laid off. Photo: Joe Raedle/Getty Images.
  • Economic Competition in a Time of Crisis

    What will the sudden economic shock mean for competition and antitrust policy? We asked Yale SOM’s Fiona Scott Morton, an economist who served in the Antitrust Division of the U.S. Department of Justice, for her perspective.

    An office building with an illuminated interior
  • Study: Pharmaceutical Ads Drive Prescriptions—And Save Us All Money

    Yale SOM’s Michael Sinkinson found that fewer people get life-savings statins during primary season, when pharmaceutical ads are displaced by political ads.

    Illustration of a pharmaceutical ad on a TV
  • Study Suggests That Local Chinese Officials Manipulate GDP

    A study by Yale SOM’s Frank Zhang suggests that local Chinese governments often push through projects without long-term economic value, or fabricate numbers outright, in order to meet GDP targets.

    A construction worker in China
  • New Study Shows that Trust Can Last

    A new study co-authored by Yale SOM’s Florian Ederer explores how the trust we place in one another is affected by our ability to communicate and by the passage of time.

    Illustration of two people with pockets full of money shaking hands in front of clock