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Finance

Assembling an Economy in Space

A mix of public and private investments are positioning the space economy for a period of growth and innovation, says Sven Eenmaa ’98, director of investment and economic analysis at the International Space Station U.S. National Laboratory.

Astronauts working on the International Space Station
  • What Does It Take to Create Financial Products That Can Save the Planet?

    Investors are increasingly eager to contribute to solutions for climate change and other environmental problems. Charlotte Kaiser ’07 of The Nature Conservancy’s NatureVest explains how the company builds financial products that attract mainstream capital while delivering conservation impacts.

    An overhead image of Ille Pierre Island in Seychelles.
  • Study: Margin Trading Causes Stock Prices to Drop in Concert

    During financial crises, stocks tend to fall together more than they should. A new study co-authored by Yale SOM’s Heather Tookes suggests that margin trading plays a substantial role in driving this downward spiral.

    Mumbai's BSE stock exchange on March 9, 2020, as the COVID-19 pandemic sparked a plunge in stock prices. Photo: Dhiraj Singh/Bloomberg via Getty Images.
  • Video: Why You Should Care about the Fed’s Inflation Policy

    William English, a former Fed official who is now a professor in the practice of finance at Yale SOM, explains why the Fed shifted its approach to balancing inflation and employment, and what the change means for the economy.

    Benjamin Franklin on the $100 bill, winking
  • How Big Investors Avoid Market Predators and Keep Trading Costs Low 

    Researchers have generally believed that as large institutional investors make bigger trades, their trading costs rise accordingly. Research from Yale SOM’s Tobias Moskowitz finds that they take a slow-and-steady approach to keep costs down and outsmart market predators.

    A lion and an elephant
  • Awaiting the Will to Ensure Financial Market Stability

    In a conversation with Yale SOM’s Andrew Metrick, Paul Tucker, chair of the Systemic Risk Council and former deputy governor for financial stability at the Bank of England, says that financial markets are still facing serious stability risks.

    A detail of a photo of the Federal Reserve building
  • How is Mexico Navigating the COVID Financial Crisis?

    In a recent online conversation hosted by Yale SOM, Mexico’s chief central banker discussed the country’s response to the economic distress caused by COVID-19—the country’s third financial crisis in recent decades.

    The Banco de México in Mexico City.
  • During the COVID-19 Crash, Investors’ Beliefs Didn’t Match Their Behavior

    Despite a general wave of pessimism following the COVID-19 stock crash in March, few investors made significant changes to their portfolios, according to new research from Yale SOM’s Stefano Giglio.

    A trader at the New York Stock Exchange on February 28, 2020. Photo: Johannes Eisele/AFP via Getty Images.
  • Rational Order from ‘Irrational’ Actions

    Prof. Shyam Sunder outlines a strain of research, drawing on complexity theory, that suggests that outcomes of a social system can be rational even if its individual participants are not rational.

    A crowd of people.
  • A Passionate Startup Pitch Is Powerful—But Can Be Misleading

    According to a new study co-authored by Yale SOM’s Song Ma, those with cheerful and enthusiastic presentations are more likely to get venture capital funding—and less likely to build successful ventures.

    An illustration of an entrepreneur leaping in the air and wearing pom-poms while presenting
  • A Federal Program Is Supposed to Keep Midsize Businesses Afloat. Why Isn’t It Reaching Them?

    Yale SOM’s William English explains how the Main Street Lending Program fits into the array of federal stimulus efforts and offers proposals for making it work better.

    The door to a business with a sign reading "Closed due to cororavirus until further notice"